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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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Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...
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- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
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- Globalindo Alam Lestari - Indonesia
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- Parliament of New Zealand
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- Meenaskhi Energy Private Limited - India
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- India Bulls Power Limited - India
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- Orica Australia Pty. Ltd.
- Australian Coal Association
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- MS Steel International - UAE
- Central Electricity Authority - India
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- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Merrill Lynch Commodities Europe
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- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
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- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
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- Goldman Sachs - Singapore
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- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
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- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
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- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
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- Electricity Authority, New Zealand
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- Global Coal Blending Company Limited - Australia
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- Tata Chemicals Ltd - India
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- Global Green Power PLC Corporation, Philippines
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- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
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- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
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- Asmin Koalindo Tuhup - Indonesia
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- Planning Commission, India
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- Uttam Galva Steels Limited - India
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- Economic Council, Georgia
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- Africa Commodities Group - South Africa
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- Ministry of Transport, Egypt
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- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
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- Global Business Power Corporation, Philippines
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- Thai Mozambique Logistica
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- Ministry of Mines - Canada
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