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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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Wednesday, 03 June 09
POWER DEMAND TO BOOST INDIA COAL IMPORTS DURING MONSOON - STEELGURU
Reuters quoted Indian coal importers said that strong demand for power in India is likely to keep coal imports at the maximum level possible in the ...
Wednesday, 03 June 09
NAPOCOR EXTENDS COAL TENDER FOR SOLE BIDDER - ABS CBNNEWS
National Power Corp. (Napocor), the top Philippine electricity producer, has given the lone bidder at a tender for 195,000 tons of coal more time to ...
Wednesday, 03 June 09
NEWCASTLE COAL EXPORTS JUMP 20 PERCENT; SHIP QUEUE LENGTHENS - BLOOMBERG
Coal exports from Australia’s Newcastle, the world’s biggest export harbor for the fuel, jumped 20 percent last week while the number of ...
Wednesday, 03 June 09
IPL-2 OVER, INDIAN COAL LEAGUE BEGINS IN SOUTH AFRICA - ECONOMICTIME
Steel, cement and power companies, which have traditionally relied on cheap Indonesian coal to fuel their factories, are rushing to buy South Africa ...
Wednesday, 03 June 09
BUILDING A ROAD TO LINK 3 GIANTS - THE JAKARTA GLOBE
Madhu Koneru is building a road to the future that will bring together the financial heft of the Middle East, the technological know-how of a rising ...
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- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
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- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- VISA Power Limited - India
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Planning Commission, India
- White Energy Company Limited
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
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