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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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Saturday, 04 July 09
MINING CONTRACT SOUGHT FOR COAL AREA IN MASBATE
Because of its coal deposits, a town in Masbate is one of the sites in the country being sought out for exploration and development by mining compan ...
Saturday, 04 July 09
S. AFRICA'S RICHARDS BAY TO CAP NEW COAL VOLUMES, MININGMX SAYS
South Africa’s Richards Bay Coal Terminal is proposing restrictions on the quotas it awards to coal exporters from the so-called Phase 5 expansi ...
Saturday, 04 July 09
DALRYMPLE BAY COAL TERMINAL EXPANSION COMPLETE
BABCOCK & Brown Infrastructure has completed expansion of the Dalrymple Bay Coal Terminal (DBCT) near Mackay, Queensland.
The terminal is now ...
Friday, 03 July 09
CHINA SHENHUA TO DOUBLE COAL CAPACITY BY 2014-PAPER
China Shenhua Energy Co Ltd plans to double its annual coal production capacity by 2014 from this year's level, the China Securities Journal report ...
Friday, 03 July 09
UKRAINE CUTS COAL PRODUCTION 9.3 PERCENT IN H1
Ukraine reduced coal production approximately 9.3%, or by 3.673 million tonnes, to 35.879 million tonnes in the first half of 2009 compared to the s ...
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- Essar Steel Hazira Ltd - India
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- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
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- Georgia Ports Authority, United States
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- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
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- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
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- AsiaOL BioFuels Corp., Philippines
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- Indian Energy Exchange, India
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- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
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- Alfred C Toepfer International GmbH - Germany
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- Bangladesh Power Developement Board
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- Electricity Authority, New Zealand
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- Medco Energi Mining Internasional
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- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
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- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
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- Barasentosa Lestari - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
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- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
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- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
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- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
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- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
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- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
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- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Planning Commission, India
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- Directorate Of Revenue Intelligence - India
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- Wilmar Investment Holdings
- CNBM International Corporation - China
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