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Friday, 15 July 11
BUKIT ASAM 1H COAL SALES UP 44 PERCENT


The state-controlled PT Tambang Batubara Bukit Asam Tbk (PTBA) is estimated to post 6.5 million tons of coal sales in the first half of this year, a 44.4 percent increase from 4.5 million tons a year ago, as quoted by Insider Stories.

Insider Stories further reported that, in line with the sales growth, the company's revenue may surpass Rp 5 trillion in 1H 2011, a 31.93 percent  increase from Rp 3.79 trillion (approx. US$ 444,314,185) in 1H 2010.

President Director Sukrisno said the company may book Rp1.5 trillion (approx. US$ 175,849,941) net profit, a steep jump of 65.18 percent  from Rp 908.11 billion (approx. US$ 106,398,459).

As a result, he is optimistic that Bukit Asam may reach its net profit target of Rp 3 trillion (approx. US$ 351,502,085) by end of the year from 2.01 trillion (approx. US$ 235,506,397) last year. "Revenue is targeted to reach Rp11 trillion (approx. US$ 1,288,816,819)."
Source: Insider Strories



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Thursday, 14 July 11
INDO GOVT. SETS JULY COAL REFERENCE PRICE AT US$ 118.24 PER TON
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia sets coal spot price benchmark for July 2011 at US$ 118.24 per ton, US$ 0 ...


Thursday, 14 July 11
DRY BULK MARKET KEEPS FALLING ON WEAK CAPESIZE SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on retreating on Wednesday, with the Baltic Dry Index (BDI) falling to 1,383 points, from 1,411 of the previous day. Capesi ...


Thursday, 14 July 11
UNITED TRACTORS BUYS DUTA SEJAHTERA - INSIDER STORIES
Insider Stories reported that, PT United Tractors Tbk (UNTR), via a wholly-owned subsidiary PT Tuah Turangga Agung, will acquire PT Duta Sejahtera a ...


Wednesday, 13 July 11
ANOTHER FIRMER WEEK FOR THE CAPES - BRS
Barry Rogliano Salles reported that, there were mixed results for the dry bulk market this week: the Capesize and Panamax markets performed well gai ...


Tuesday, 12 July 11
INDONESIAN MINERS PLAN $70M INVESTMENT TO UPGRADE QUALITY OF COAL - THE JAKARTA GLOBE
One of the leading english language news paper in indonesia, the Jakarta globe reported that, as the government implements a ban on the export of po ...


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