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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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Recent News

Thursday, 08 December 11
INDIA MAY SEE 41% ANNUAL GROWTH OF ITS COAL DEMAND DURING THE NEXT 5 YEARS - ICAP SHIPPING
India’s Ministry of Coal expects that India’s coal demand may face an annual 41% rise during the next 5 years, while its coal deficit is ...


Thursday, 08 December 11
HAREDA KRIDA GETS CONTRACT FROM BAYAN - INSIDER STORIES
Insider Stories reported that, coal miner PT Bayan Resources Tbk (BYAN), through its subsidiary dubbed PT Gunungbayan Pratamacoal (GPB), has signed ...


Thursday, 08 December 11
CAPESIZES LIFT DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize vessels yesterday helped lift the dry bulk market which had been falling since the start of the week on lower cargo demand. As a result the ...


Tuesday, 06 December 11
DRY BULK MARKET ENDS RALLY, STARTS WEEK WITH FALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a series of increases which saw the dry bulk market’s benchmark, the Baltic Dry Index (BDI) increasing close to 1,900 points and rates o ...


Monday, 05 December 11
THE DECEMBER HBA FELL 11% FROM ITS PEAK AT US$127.05 PER TON IN FEBRUARY 2011
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the December 2011 coal reference price at US$ 112.67 per ton US$ 3.98 ...


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