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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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Thursday, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over ...
Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice Pre ...
Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers f ...
Wednesday, 03 June 09
XSTRATA, KOMIPO AGREE SOME '09 COAL TONNAGE AT $63/T- REUTERS
South Korean utility Korea Midland Power Co (KOMIPO) has agreed to buy part of its 2009 term contract tonnage from Xstrata's coal unit at about $63 ...
Wednesday, 03 June 09
KOSEP SEEKS UP TO 3 MLN TONNES OF COAL - REUTERS
Korea South-East Power Co Ltd (KOSEP) has issued four tenders seeking a total of 3 million tonnes of coal for delivery between 2009 to 2011, a tende ...
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- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- The University of Queensland
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- White Energy Company Limited
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
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