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Wednesday, 07 December 11
ABM INVESTAMA EYES RP6.3 TRIO REVENUE - INSIDER STORIES


Insider Stories reported that, an energy integrated company PT ABM Investama Tbk is eyeing  a 1.5 folds increase in revenue this year from Rp4.2 trillion last year.

Referring to the targer, the revenue is expected to reach Rp6.3 trillion. The higher revenue will be fully underpinned by expansion to jack up coal production, said ABM President Director Andi Djajanegara.

In the first half of this year, ABM booked Rp1.2 trillion revenue with the biggest contributor remains a mining contractor dubbed PT Cipta Kridatama.  Cipta Kridatama has secured seven mining contracting project worth US$700 million-US$1 billion. "We will get two or three other contracts next year,he said.

ABM Investama owns coal miner PT Reswara Minergi Hartama which operates two concessions in Kalimantan and Aceh. Coal production may reach 2,7 million tons this year and target 66%-103% increase to 4.5 million tons-5.5 million tons. During the first debut in the stock market, ABM Investama inched up 2% to Rp 3,825 per share.
Source: Insider Stories



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Monday, 19 December 11
PLN WILL NO LONGER BUY COAL FROM TRADERS
COALspot.com - Indonesia's state electricity company PT Perusahaan Listrik Negara will no longer allow traders to become their suppliers, said, its ...


Saturday, 17 December 11
THE FREIGHT MARKET SEEMS TO HAVE ALMOST BOTTOMED OUT AND MAY REMAIN STEADY AT THESE LEVELS CAPT REDDY
COALspot.com - The BDI and Cape index closed lower this week with BDI closing at 1,888 points (down by 1.76 pct) and Cape index at 3,572 points (dow ...


Friday, 16 December 11
DRY BULK MARKET LOSES TRACK ON CAPESIZE LOSSES, SHIP FINANCING REMAINS TROUBLESOME - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn’t manage to sustain earlier gains, losing track yesterday, on reduced Capesize demand and persisting troubles in smal ...


Thursday, 15 December 11
BERAU SEES INDIA AS POTENTIAL MARKET FOR LOW-CALORIE COAL - THE JAKARTA POST
The Jakarta Post reported that, Publicly listed coal mining company PT Berau Coal Energy (BRAU), the fifth largest coal producer in Indonesia, sees ...


Thursday, 15 December 11
PANAMAX HARDLY AFFECTED BY THE RECENT FIRMER TENDENCY FOR THE BIG SISTERS - FEARNBULK
Handy The rates are more or less the same as last week. Continent/US Gulf fixing at tick below USD 10k and Gulf/Continent levels at USD 25k. Trips ...


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