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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, 06 June 09
COAL PRICE HIT RECORD ON STRONG CHINA DEMAND - INVESTMENT WATCH
Investment watch reported that, “Coal price hit a new high of over $72 a tonne at Australia’s Newcastle Port, a benchmark for Asia, spur ...
Friday, 05 June 09
CEMENT INDUSTRY NEEDS POLICY ON FLY ASH
H.M. Bangur, President of Cement Manufacturers' Association, on the objectives and economic impact of the proposed national policy on utilisation o ...
Thursday, 04 June 09
PAKISTAN TO IMPORT MORE COAL FROM INDONESIA - SEATRADE
COALspot.com (Pakistan): Richards bay to Pakistan sea freight has touched US$ 20.00 for 40,000/10 pct steam size in June 2009. South African c ...
Thursday, 04 June 09
CHINA'S SHANXI PROVINCE CONSIDERS COAL FUTURES BOURSE - MINE WEB
Mine Web reported that, China hopes to establish a coal futures exchange to obtain more rights on international pricing.
China's largest coal pr ...
Thursday, 04 June 09
CHINA QINHUANGDAO COAL STOCK JUMPS BY 36.2% MOM - STEELGURU
SteelGuru reported that, Sources indicated that, coal stock at Qinhuangdao port, China's major coal port has reached 4.88 million tonnes increasing ...
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- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- ICICI Bank Limited - India
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- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
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- Chamber of Mines of South Africa
- The University of Queensland
- Global Coal Blending Company Limited - Australia
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- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
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- Edison Trading Spa - Italy
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- Indogreen Group - Indonesia
- MS Steel International - UAE
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- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
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- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Planning Commission, India
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
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- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
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