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Tuesday, 23 April 13
INDONESIAN STATE OWNED COAL MINER SHIPPED 4 PERCENT MORE COAL IN 1Q
 COALspot.com - PT. Bukit Asam, the Indonesian state owned coal miner shipped more coal in first quarter of this year compared to the same period in a year ago.
“For the period 1Q’13, PTBA’s coal sales jumped up 17 percent (YoY) from 3.9 Mt to 4.5 Mt. The export increases by 4% (YoY) to 0.8 million tons. The increase was in line with the company sales target of 55 percent for export market and 45 percent domestic in 2013.
The company further said in its report, the company has allocated more high calorific value coal in 1Q for export, which drives higher exports volume”.
PTBA has hauled 8 percent more coal (3.15 Mt) through its existing railway YoY. In the meantime, IPC one of the company’s subsidiary company, has produced 13 percent (YoY) less coal in 1Q (from 3.4 Mt to 2.9 Mt). Average strip ratio for 1Q 2013 was lower to 3.2:1 compared previously 4.1:1.
The company has booked sales of IDR 2.78 trillion (approximately US$ 286,008,230), down 8% YoY from IDR 3.02 Trillion (approximately US$ 310,699,588) in 1Q. According to company, the sales value was dropped due to the weakening of global coal prices in 1Q’ 13. However, the company able to achieved weighted average selling price of IDR 613,810 (US$ 63.14) per ton in 1Q’ 13.
The company has booked IDR 0.49 trillion (approximately US$ 50,411,522) as profit margin in 1Q’ 13 and, according to company, the margin was most influenced by sales volume, average selling prices and coal closing inventory. Company’s gross profit margin and net profit margin were 34% and 18% respectively.
PTBA is targeted produce / sell 20.68 million tons or 35 percent higher coal compared to last year quantity of 15.3 Mt in 2013, the statement said. The efforts of this increasing sale are in line with the increasing performances of railway transportation and coal outputs from its subsidiaries, both IPC and trading company Bukit Asam Prima.
The railway capacity is expected to reach 15.69 Mt or up 31.8 percent YoY from 11.9 Mt of FY2012. An additional of 44 more locomotives and 230 wagons are expected to arrive by June 2013 to support company’s future coal hauling activities. The subsidiary IPC coal output for 2013 is also expected to increase 1 Mt from 0.9 Mt in 2012. Bukit Asam Prima is targeting to sell 1.6 Mt in 2013.
In an effort of maintaining the efficiency and low production cost, the company has its owned 3x10 MW power plant to fulfill the internal electricity consumption to operate the whole mining system in Tanjung Enim.
In 2013, the company also keep doing the selective mine planning and mine optimization through strip ratio in the range of 4:1 to keep the production cost under control. In addition, the expanded port infrastructures in Tarahan Lampung will start its operation in October 2013. Once the expanded port infrastructure is in operation, the company can accept vessels of 150,000DWT and 80,000DWT at the same time for loading. The company is believes that, the commencement of this port operation will enhance the efficiency of shipping and port handling costs, the company said in its press release today.
PTBA has allocated total capital expenditure of IDR 2.2 trillion (approximately US$ 234,567,901) in 2013. Of which 80% dedicated for the infrastructures development in Tanjung Enim mine, Kertapati port and Tarahan port. While the remaining 20% allocated for routine maintenance.
PTBA’s other new projects in pipe line:
- The Construction of the power plant for the internal use (3x10MW and 2x8MW).
- The construction of 3x10MW in Tanjung Enim mine (mine mouth power plant) which will burn waste coal as its fuel.
- The Excess of power capacity from the power plant is estimated at 6MW has been agreed to be sold to the PLN with a tariff of IDR787.2/kwh. (approximately US$ 0.080 / kwh)
- The 2x8 MW power plants which still being built will be utilized to provide power to the daily operational needs of Tarahan port.
- The Expansion of Tarahan port with the throughput up to 25 Million tons per year.
- The Expansion of The Existing Railway to be 22.7 million tons in 2014.
- The Newly Developed Railway Project from Tanjung Enim to Lampung with a capacity of 25 million tons per year.
- A Coal Bed Methane project.
- Mine Mouth Power Plants 2x110MW, 2x620MW and 800 to 1.200 MW in several locations.
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Sunday, 07 July 13
COAL PRICES REMAIN UNDER PRESSURE
COALspot.com – Coal swaps for the year 2014 indicate that, the pressure on coal prices will continue at least until next year. Ave ...
Friday, 05 July 13
THE DRY BULK MARKET IS GOING FROM STRENGTH TO STRENGTH - INTERMODAL
The Capesize sector has been one that has gone through a wild rollercoaster of emotions this past decade, ranging from the exuberance witnessed duri ...
Thursday, 04 July 13
CHALLENGER SIGNS FORMAL EXCLUSIVE MINING AND MARKETING AGREEMENT FOR ABBR PROJECT IN CENTRAL KALIMANTAN
COALspot.com - Challenger Deep Resources Corp., through its subsidiary PT Bestindo Energy has signed the formal exclusive Mining and Marketing agree ...
Thursday, 04 July 13
ASX LISTED QBL TO ACQUIRE INTERESTS IN MOZAMBIQUE COAL EXPLORATION LICENSES
- QBL to acquire interests in two Mozambique exploration licences prospective for coal
- Licenses located in the highly prospective Zambezi basin, ...
Thursday, 04 July 13
HANDY : INDO/CHINA, CHARTERERS RATING AROUND US$ 10,000 - FEARNLEYS AS
Handy
The Feast market firmed slightly up as mid-July cargos entered the market, but charterers seems not in hurry to cover them and looking for ch ...
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- London Commodity Brokers - England
- Goldman Sachs - Singapore
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- Pipit Mutiara Jaya. PT, Indonesia
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- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
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- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
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- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Economic Council, Georgia
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- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
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- Global Coal Blending Company Limited - Australia
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- Electricity Authority, New Zealand
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Commonwealth Bank - Australia
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- New Zealand Coal & Carbon
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- Karaikal Port Pvt Ltd - India
- Australian Coal Association
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- Leighton Contractors Pty Ltd - Australia
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- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
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- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
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- Indian Energy Exchange, India
- Thai Mozambique Logistica
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- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
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- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
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- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
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- VISA Power Limited - India
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- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
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- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
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- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
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- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
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- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
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- Indonesian Coal Mining Association
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- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Deloitte Consulting - India
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- TNB Fuel Sdn Bhd - Malaysia
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- Wilmar Investment Holdings
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- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
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- Meralco Power Generation, Philippines
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- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
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