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Wednesday, 25 July 12
BUKIT ASAMS H1 REVENUE JUMPED BY 13 PERCENT
 COALspot.com - PT Bukit Asam (Persero), Tbk., the state owned coal miner's revenue in H1 2012, has jumped 13 percent to IDR 5.79 trillion (approximately US$ 612.050 million) or an increase of 13 percent YoY. According to company, this increase was primarily due to higher production and sales volume.
The weighted average selling price of coal for the period January - June 2012 was at IDR 785,043 (approximately US$ 82.98) per ton or 0.5 percent higher than the selling price over the same period in 2011. PTBA’s weighted average selling price was in H1 of 2011 was around IDR 781,228 (approximately US$ 82.58) per mt
Coal transport by Rail
According to company’s unaudited financial statement released today, 5.85 million tons of coal has been transported via railway for the period January - June 2012, which was up by 4 percent compared to the coal transported in the same period in 2011. PTBA has transported 5.63 million tons of coal H1 2011.
Sales Volume
January to June 2012, the company's sales volume has increased by 13 percent to 7.36 million tons, from the same period in 2011. Out of 7.36 million tons of coal around 57 percent of coal has been supplied to domestic market and remaining 43 percent has shipped to overseas.
PTBA’s 2011 coal sales was only around 6.54 million tons.
Coal Production and Purchase
The company's coal production has jumped 14 percent (YoY) to 7.08 million tons during 1st half this year, including from its subsidiary IPC’s 0.40 million tons. The same period last year PTBA has produced only 6.19 million tons.
PT. Bukit Asam also has brought more coal from third parties during first half this year. Third party coal purchased has jumped 114 percent to 810,000 MT for the first half of 2012.
Company has successfully maintained its average stripping ratio at lower level during first half this year. The current low coal price might not affect the performance of company as PTBA’s 1st half average stripping ratio was at 4:1. However the H1, 2012 average stripping ratio was slightly higher compare to same period in 2011.
Operating Profit
Operating profit of the company over the period January-June 2012 was IDR 1.87 trillion (approximately US$ 197,674,418.60), slightly lower than IDR 1.97 trillion (approximately US$ 208,245,243.12) (YoY).
Net Profit
The Company's Net Profit for the period January - June 2012 was IDR 1.56 trillion (approximately US$ 164,904,862.57), slightly lower compared to Rp 1.61 trillion (approximately 170,190,274.84) over the previous period.
According to company’s unaudited financial statement In the period of January to June 2012, the Gross Profit Margin (GPM), Operating Profit Margin and Net Profit Margin were at 46%, 32% and 27%, respectively, down compared to YoY which were 52.5%, 38.5% and 31.5% respectively.
In addition, the ROI rose from 20% to 21% and ROA remained unchanged at 14%.
About PT. Bukit Asam
The coal mining in Tanjung Enim was initiated by the Dutch Colonial Government in 1919 by operating the first coal mine using open pit mining method in Air Laya.
Using underground mining method, initial operation commenced in 1923 and lasted until 1940, while commercial production began in 1938.
When the Dutch Colonial period ended in Indonesia, the mining workers fought for the nationalization of the mines. In 1950, the Indonesian Government approved the establishment of State-Owned Bukit Asam Coal Mine or Perusahaan Negara Tambang Arang Bukit Asam (PN TABA).
In1981, PN TABA converted its status to a limited liability company under the name of PT Tambang Batubara Bukit Asam (Persero) Tbk, further called the Company. To develop coal industry in Indonesia, in 1990 the Government merged Perum Tambang Batubara with the Company.
In line with the national energy security development program, in 1993 the Company was assigned by the Government to develop coal briquette business.
On December 23, 2002 the Company became a publicly listed company on the Indonesian Stock Exchange under the code of “PTBA”.
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Thursday, 20 September 12
DRY BULK INCHES FORWARD AFTER WEEKS OF BELOW PAR PERFORMANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has started to revive from its ashed, as the past couple of days, traders have reported an increased activity from China, result ...
Wednesday, 19 September 12
CHURCHILL STRENGTHENS LITIGATION TEAM WITH APPOINTMENT OF NICHOLAS SMITH AS MANAGING DIRECTOR
COALspot.com - Churchill Mining PLC (AIM: CHL) has announced that, Mr Nicholas Smith has joined the board of the Company and has been appointed as t ...
Wednesday, 19 September 12
DRY BULK TERMINALS SINGAPORE
Press Release - Dry bulk terminals are used all around the world to handle large quantities of bulk materials, like minerals, grains, etc. In today& ...
Tuesday, 18 September 12
JORC CODE REVISION - EXPOSURE DRAFT RELEASED FOR COMMENT
COALspot.com - The Australasian Joint Ore Reserves Committee (JORC) has today released for public comment the exposure draft of the JORC Code (2012) ...
Monday, 17 September 12
YEAR TO DATE, BUMA PRODUCED 231.1 MILLION BCM OF OVERBURDEN
COALspot.com - PT. Delta Dunia Makmur Tbk has removed 31.5 million bcm (+6.0 percent YoY) overburden in August 2012 totaled 31.5 million bcm ( ...
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- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- The University of Queensland
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- White Energy Company Limited
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
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