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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, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
Monday, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
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- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Australian Coal Association
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- GMR Energy Limited - India
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- The University of Queensland
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
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