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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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Wednesday, 22 June 11
BOOMING INDONESIAN COAL EXPORTS - BLEEDING INDIAN POWER INDUSTRY
COALspot.com - Indonesia shipped 28.962 Million tons of coal  in May 2011, up by 15.86 percent compared to April export of about  24.995 m ...


Tuesday, 21 June 11
SURGE IN PRODUCTION AND PRICES TO PUSH BUKIT ASAMS NET PROFITS ABOVE RP 3T - THE JAKARTA GLOBE
State-owned coal company Perusahaan Tambang Batubara Bukit Asam expects its net income to increase about 50 percent this year on the back of rising ...


Tuesday, 21 June 11
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As Korean companies race to exploit Indonesia’s abundant natural resources, two companies have been locked in a court case that has become so ...


Tuesday, 21 June 11
DRY BULK MARKET TURNS RED AGAIN ON VESSEL OVERSUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk entered this week on a negative turn, with the industry’s benchmark the Baltic Dry Index (BDI) retreating by 0.35% to end the ses ...


Monday, 20 June 11
KPCL SETS ALL INDIA & POSSIBLY A WORLD RECORD FOR COAL DISCHARGING
COALspot.com - Krishnapatnam Port has set an all India record for discharging 95,528 tons of steam coal in just 24 hrs using the conventional unload ...


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