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Thursday, 01 March 12
BUKIT ASAM TARGETS EUROPEAN INVESTORS
COALspot.com - PT. Bukit Asam (persero) Tbk, Indonesian state owned coal miner is planning to conduct road show in Europe next week to target at European investors.
According to Hendri Rudiawan, Investor Relation Manager of PT. Bukit Asam, PTBA will conduct Road show in London, Zurich, Frankfurt and Paris from 4th March to 10th March 2012.
Bukit Asam's total coal resources has reached 7.29 billion tons and around 1.99 billion tons are minable reserve. Bukit Asam is currently holding mining rights for 4 mines which are covering 90,702 hectors in Sumatra as well as in Kalimantan, the company data says.
Bukit Asam is expecteing to sell 18.6 million tons of coal in 2012, which is 35 percent higher compared to its sales volume of 13.5 million tons in 2011.
Company also has shipped 35% of its coal production in 2011 to Asian and European countries including Taiwan, Vietnam, Japan, Malaysia and China. 65% of PTBA coal has been consumed by domestic utilities. PTBA is the largest coal supplier of domestic market.
Bukit Asam also upgrading and expanding its Tarahan coal terminal and railway lines to push more coal in coming years.
According to Hendri, by 2014, PTBA's existing railway will be upgraded to move up to 22.7 million tons of coal and By 2016, an another new railway line will be in operation between Muara enim to Tanjung Api- Api, which can add an additional 35 million tons per annum by 2021.
The new railway line between Muara Enim to Tanjung Api-Api port will be built by Adani of India.
Tarahan coal terminal will also be upgraded to load 25 million tons of coal by 2014. Bukit Asam is focusing to become a number one coal producer in Indonesia by 2020 and company is preparing all required infrastructure to support its No.1 target by 2020.
Bukit Asam, “focusing on maximizing value for both corporate and investor" says, Investor Relation Manager, Hendri Rudiawan
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Saturday, 18 February 23
PAKISTAN PLANS TO QUADRUPLE DOMESTIC COAL-FIRED POWER, MOVE AWAY FROM GAS - REUTERS
Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming ...
Saturday, 18 February 23
2023 MARINE FUEL MARKET PREDICTIONS - JOHN BERGMAN, AURAMARINE
The drive for decarbonisation we witnessed in 2022 has continued into 2023, demonstrating the shipping’s industry positive strides in the fas ...
Saturday, 28 January 23
COAL GROWTH BLIP NOT TO BE REPEATED - BALTIC EXCHANGE
As 2022 drew to a close, global coal demand looked set to end the year just 1.2% up on the previous year. But that small increase was enough to pus ...
Thursday, 26 January 23
CHINA'S COAL OUTPUT INCREASES IN DECEMBER 2022 - XINHUA
China’s raw coal output posted stable expansion in December 2022, official data showed.
The country produced 400 million tonne ...
Thursday, 26 January 23
COKING COAL NARROWS THE GAP ON THERMAL AS CHINA REOPENS - REUTERS
The premium of high-grade thermal coal over coking coal in Asia is shrinking as China’s re-opening and ending of a ban on imports from Austra ...
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- Georgia Ports Authority, United States
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- Port Waratah Coal Services - Australia
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- Posco Energy - South Korea
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- Oldendorff Carriers - Singapore
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- European Bulk Services B.V. - Netherlands
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- Attock Cement Pakistan Limited
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- Price Waterhouse Coopers - Russia
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- Goldman Sachs - Singapore
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