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Tuesday, 28 July 09
BUKIT ASAM ENJOYS STRONG FIRST HALF
The Jakarta Post reported that, state coal miner PT Tambang Batubara Bukit Asam (PTBA) enjoyed a strong first half performance with six-month net profits more than double the amount booked in the same period last year, a senior executive says.
President director Sukrisno told reporters on Monday that net profits during the January-June period jumped to Rp 1.59 trillion (around US$160 million), as higher sale volume and prices bolstered revenues.
Revenue soared 56 percent to reach Rp 4.6 trillion.
“Revenue and profit soared as a result of higher volume sales and a better selling price for coal,” Sukrisno said on the sidelines of a meeting at the Office of the State Minister for State Enterprises.
During the first quarter, the company managed to sell its coal at $90 a ton on average, higher than the $60 and $70 a ton selling price in the same period last year.
Sukrisno is also cautiously upbeat about full-year prospects.
“We predict the revenue in the second semester will also be good. But who knows, because the coal price remains uncertain,” he said.
“It depends on the market price, but I am quite sure our sales volume will increase [from last year] by perhaps around 40 percent,” he said of the company’s full-year revenue estimates.
The company gained Rp 1.7 trillion in net profit last year, and paid the government Rp 555.2 billion in dividends.
It allocated a total of Rp 853.9 billion toward shareholder dividends in 2008.
PTBA is 65 percent owned by the government.
The company, which controls about a quarter of Indonesia’s coal reserves, is also launching an aggressive expansion by preparing several mine takeovers.
It is currently conducting feasibility studies for the purchase of two coal mines in Kalimantan, which have an estimated investment value of Rp 1.5 trillion.
According to Sukrisno, the company produced 5.8 million tons of coal in the first semester. The company is aiming to produce 13.5 million tons this year. (naf)
Source: The Jakarta Post
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Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
Monday, 24 August 09
10 LAKH (1 MILLION) TONNE COAL BURNT IN KPT
Times of India reported that, In an unusual phenomenon, 10 lakh tonne coal cache stored at a plot in Kandla Port Trust was reduced to ashes after it ...
Monday, 24 August 09
LANCO IN TALKS FOR INDONESIAN COAL MINE
Economic Times of India reported that, Infrastructure company Lanco Infratech is in advanced talks with Indonesian engineering, procurement and cons ...
Saturday, 22 August 09
'THE BDI IS LIKELY TO BE HOLDING AROUND 2,500 POINTS' - SHIPPING UPDATE
COALspot.com (Singapore): The dry bulk market continued to be soft and the BDI dropped by 10 percent this week and closed at 24,68 points this week. ...
Saturday, 22 August 09
INDIAN COAL BUYERS RE-EMERGE WITH FRESH TENDERS
Reuters world's largest international multimedia news agency reported that,Indian coal end-users have re-emerged after a few weeks with several fre ...
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- CNBM International Corporation - China
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- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
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- The State Trading Corporation of India Ltd
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- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
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- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Eastern Coal Council - USA
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- Romanian Commodities Exchange
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
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- Thiess Contractors Indonesia
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- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Edison Trading Spa - Italy
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- Economic Council, Georgia
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- Mintek Dendrill Indonesia
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- IHS Mccloskey Coal Group - USA
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- Therma Luzon, Inc, Philippines
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- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
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- Electricity Generating Authority of Thailand
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- Jindal Steel & Power Ltd - India
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- Latin American Coal - Colombia
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- Independent Power Producers Association of India
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- Goldman Sachs - Singapore
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- Parliament of New Zealand
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- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
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- Directorate Of Revenue Intelligence - India
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- Power Finance Corporation Ltd., India
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- Indonesian Coal Mining Association
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- Port Waratah Coal Services - Australia
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- Global Business Power Corporation, Philippines
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- McConnell Dowell - Australia
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- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
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- Tata Chemicals Ltd - India
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- Rashtriya Ispat Nigam Limited - India
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- SMC Global Power, Philippines
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- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
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- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
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- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
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- Kepco SPC Power Corporation, Philippines
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- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- The University of Queensland
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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