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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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Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
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- Power Finance Corporation Ltd., India
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- Chamber of Mines of South Africa
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- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
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- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Global Coal Blending Company Limited - Australia
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- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
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- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
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- Mjunction Services Limited - India
- Wilmar Investment Holdings
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- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
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- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
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- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
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- Anglo American - United Kingdom
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- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
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- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
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- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
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- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
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- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
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- Australian Coal Association
- Binh Thuan Hamico - Vietnam
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- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
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- Parliament of New Zealand
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- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
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- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
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- Mercator Lines Limited - India
- Georgia Ports Authority, United States
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- Tamil Nadu electricity Board
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- Xindia Steels Limited - India
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