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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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Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...
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- Energy Development Corp, Philippines
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- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Parliament of New Zealand
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
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- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
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- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
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- Latin American Coal - Colombia
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- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
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- Sojitz Corporation - Japan
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- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Planning Commission, India
- Ministry of Transport, Egypt
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- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
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- Kapuas Tunggal Persada - Indonesia
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- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
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- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Australian Coal Association
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- McConnell Dowell - Australia
- White Energy Company Limited
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
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- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
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- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Independent Power Producers Association of India
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- Bayan Resources Tbk. - Indonesia
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- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
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- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Power Finance Corporation Ltd., India
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- Global Coal Blending Company Limited - Australia
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- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
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- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
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- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
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- Economic Council, Georgia
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- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
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- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
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- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
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- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
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- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
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