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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, 12 June 09
THERMAL COAL PRICE REMAINS STABLE IN SHANXI - STEEL GURU
It is reported that coming into June, no major changes are seen in coal supply-demand relations in Shanxi province. Statistics of Qinhuangdao port, ...
Thursday, 11 June 09
PT NALCO PLANS TO CONSTRUCT COAL-FIRED POWER PLANT IN SOUTH SUMATRA - ENERGY BUSINESS REVIEW
PT Nalco (National Aluminium Company Limited), an Indian-based company, plans to construct a coal-fired power plant in South Sumatra. The company in ...
Thursday, 11 June 09
COAL PRODUCERS TO SEE BOOST IN DEMAND FROM ASIA PACIFIC - JAKARTA POST
The Jakarta Post reported that, at the recent 15th Coaltrans conference in Bali, we noted concerns related to rising oil prices at a faster pace tha ...
Wednesday, 10 June 09
BHP TO CUT 450 JOBS AT INDONESIAN COAL PROJECT - REUTERS
Reuters reported that, BHP Billiton Ltd will lay off all 450 workers at its Indonesian coal project after deciding not to go ahead with the pr ...
Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
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- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- PTC India Limited - India
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- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
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- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
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- Trasteel International SA, Italy
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
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- GAC Shipping (India) Pvt Ltd
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- Chamber of Mines of South Africa
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- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
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- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
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- SMG Consultants - Indonesia
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- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
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- AsiaOL BioFuels Corp., Philippines
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- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
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- Global Green Power PLC Corporation, Philippines
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- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- White Energy Company Limited
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
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- Planning Commission, India
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- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
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- Eastern Energy - Thailand
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
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