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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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Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
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- Posco Energy - South Korea
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- Standard Chartered Bank - UAE
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- Bhushan Steel Limited - India
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- Global Green Power PLC Corporation, Philippines
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- Sical Logistics Limited - India
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- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
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- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
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- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
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- Singapore Mercantile Exchange
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- Wood Mackenzie - Singapore
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- Thai Mozambique Logistica
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- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
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- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Indian Oil Corporation Limited
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- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
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- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
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- London Commodity Brokers - England
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- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
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- International Coal Ventures Pvt Ltd - India
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- Asmin Koalindo Tuhup - Indonesia
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- Coastal Gujarat Power Limited - India
- The University of Queensland
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- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- ICICI Bank Limited - India
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- Jaiprakash Power Ventures ltd
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- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
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- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
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