We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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”.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART ONE - JOSEPH KIRSCHKE
COALspot.com - Colombia stands before one of the potentially largest, most diversified mining booms in the world. Untold reserves of gold, coal, cop ...
Wednesday, 29 August 12
SECOND HAND VESSELS IN HIGH DEMAND DESPITE SUMMER SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the slow summer season, ship owners appear to be rather keen in acquiring some modern second hand tonnage at "knock-down" prices. ...
Monday, 27 August 12
BUMI BOOKS $322.1 MILLION NET LOSS IN 1H 2012 IN SPITE OF 8.6 PERCENT INCREASE IN SALES REVENUE
PT Bumi Resources Tbk, the single largest coal producer and exporter in Indonesia announces its first half financial report for the ...
Monday, 27 August 12
OVER 200 FOREIGN COMPANIES AND ENERGY MAJORS EXPECTED AT 2ND MOGP SUMMIT IN YANGON
Singapore based CMT and Machinery & Solutions Co. Ltd (M&S) announce that the 2nd MOGP Summit will be held on 3-6 September at the Sedona ho ...
Sunday, 26 August 12
SOUTH AFRICAN COAL OVERVIEW
South Africa's indigenous energy resource base is dominated by coal.
Internationally, coal is the most widely used primary fuel, accounting for ...
|
|
|
Showing 4601 to 4605 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Australian Coal Association
|
| |
| |
|
