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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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Saturday, 21 July 12
INDONESIAN COMPANIES ABM INVESTAMA AND AVRA ASIA WORK OUT LONG-TERM CONTRACT - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading English news papaer in Indonesia reported that, ABM Investama, a company with diversified interests in coal mi ...
Friday, 20 July 12
INDONESIA-INDIA SUPRAS BEING FIXED AT $ 10K
Handy
After a stable last week, the Handysize market has experienced softening rates in the Atlantic. Ships are ballasting from India into the Atla ...
Friday, 20 July 12
HANDYSIZES PROVE RATHER ATTRACTIVE AMONG OTHER SHIPS, IN TERMS OF FUTURE RETURNS ON INVESTMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Handysize segment of the dry bulk market appears to offer the best incentive among other ship types, for a ship owners to invest in, says Interm ...
Wednesday, 18 July 12
TAIWAN POWER COMPANY TO IMPORT 0.588 MILLION TONS OF LOW ASH AND EXTRA LOW SULFUR SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 588,000 MT tons of extra low sulfur sub-bituminous coal for Taipower thermal power plant thro ...
Wednesday, 18 July 12
SHIP PRICES HAVE FALLEN RAPIDLY THIS YEAR, FAVORING INVESTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The price for a 5 year old Capesize dry bulk carrier of 172,000 dwt has fallen to about $33,4mil from $42.9 at the end of June 2011, while at end of ...
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- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- The University of Queensland
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Australian Coal Association
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
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