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Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales volume and lower production costs.
Bayan director for corporate affairs and corporate secretary Jenny Quantero said on Thursday that gross profit would reach Rp 1.75 trillion (US$171.5 million) this year from Rp 939.5 billion.
"This is mostly because of an increase in production volume and a drop in production costs," she said.She said the company had signed contracts to deliver 10 million tons of coal for clients in Korea, Japan, Taiwan, Malaysia and India this year as opposed to only 5.9 million tons sold last year.
Therefore, the company's revenue would increase by 32.6 percent to Rp 6.5 trillion this year.
She added the drop in production costs, estimated to reach between $50 and $55 a ton this year, lower than $71 in the fourth quarter last year on the back of lower oil prices, would contribute to the rise in revenue
Bayan president director Chin Wai Fong said the company would start producing briquettes from its new upgraded coal plant at a rate of 300,000 tons this year.
"The volume has been included in the sales volume target for this year," Fong said.
He said that the new plant would be the first one in Indonesia, explaining that the technology would enable the company to process low-grade coal to make it more valuable. The $68-million plant would start operations in the third quarter of this year.
Source: The Jakarta Post (http://www.thejakartapost.com/news/2009/06/25/bayan-targets-gross-profit-rise-862-percent.html)
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Wednesday, 22 July 09
ONE TENDERS FOR 114,000 MT FOR NOV-JAN
Moroccan state-owned power utility Office National de l’Electricité (ONE) has launched a tender for three handymax shipments of coal fo ...
Wednesday, 22 July 09
TAIPOWER RECEIVES 37 OFFERS IN TENDERS
State utility Taiwan Power has received offers for 37 panamax cargoes of bituminous and sub-bituminous coal in two tenders involving 12 panamax ship ...
Wednesday, 22 July 09
PRIME MINISTER APPROVAL SOUGHT TO HIKE COAL PRICES IN INDIA
PTI reported that decrying the low prices of the industrial fuel, the coal ministry will approach Dr Manmohan Singh PM of India next month for raisi ...
Tuesday, 21 July 09
BHATIA SAYS GETS ORDER FOR 800,000T COAL FROM KPCL
Reuters reported that, Indian traders Bhatia received on Tuesday a purchase order for 800,000 tonnes thermal coal at $63.00 C&F from Karnataka P ...
Tuesday, 21 July 09
NZ'S PIKE RIVER SAYS SELLS COAL AT $128 PER TONNE
Reuters reported that, New Zealand miner Pike River Coal said on Tuesday it had sold its premium hard coking coal at $128 a tonne for the curr ...
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- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
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- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Ministry of Transport, Egypt
- London Commodity Brokers - England
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- Georgia Ports Authority, United States
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- Trasteel International SA, Italy
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- Larsen & Toubro Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
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- Parry Sugars Refinery, India
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- PNOC Exploration Corporation - Philippines
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- Vedanta Resources Plc - India
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- Bhushan Steel Limited - India
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- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Parliament of New Zealand
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- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
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- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
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- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- The University of Queensland
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Australian Coal Association
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
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- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- ICICI Bank Limited - India
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