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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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Friday, 19 June 09
COAL FORUM TO MEET IN BALI NEXT WEEK
Bali will host next week a Southeast Asian forum on coal, involving coal producers, consumers and government representatives.
The Indonesian Ener ...
Friday, 19 June 09
KARNATAKA POWER CORP BEGINS BLENDING INDONESIAN COAL
BL reported that the State Government owned power utility Karnataka Power Corporation Limited has begun blending imported Indonesian coal for its th ...
Thursday, 18 June 09
COAL MINING HALTS AFTER DEADLY BLAST - (UPDATE 2)
All mining activists in Sawahlunto, West Sumatra, are at a standstill after a major underground explosion killed at least 31 miners and buried 12 ot ...
Thursday, 18 June 09
INDIA'S HINDALCO CLOSE TO BUYING AUSTRALIA COAL MINE
India's largest aluminium maker Hindalco Industries is close to acquiring a coal mine in Australia, for about $70-$80 million, The Economic Times r ...
Thursday, 18 June 09
GERMAN COAL BUYERS SEE LOWER IMPORTS, PRICES
* Coal imports and prices fall as steel industry slumps
* Coal industry grapples with carbon polluter image
German imports of hard coal are like ...
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- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
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- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Economic Council, Georgia
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- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
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- CIMB Investment Bank - Malaysia
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- GMR Energy Limited - India
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- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
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- Tamil Nadu electricity Board
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- Ministry of Finance - Indonesia
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- Barasentosa Lestari - Indonesia
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- Baramulti Group, Indonesia
- Eastern Coal Council - USA
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- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
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- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
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- Siam City Cement - Thailand
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- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
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- Sindya Power Generating Company Private Ltd
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- IEA Clean Coal Centre - UK
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- Australian Coal Association
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- Attock Cement Pakistan Limited
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- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
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- Bangladesh Power Developement Board
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- TNB Fuel Sdn Bhd - Malaysia
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- Medco Energi Mining Internasional
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- Heidelberg Cement - Germany
- Indian Energy Exchange, India
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