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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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Wednesday, 19 August 09
STEAM COAL PRICES ARE SINKING - THE GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com (German): Oversupply in the World Market. In 2Q 2009 the steam coal prices sank massive in comparison to the previous years quart ...
Wednesday, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided t ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
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- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
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- Sojitz Corporation - Japan
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- AsiaOL BioFuels Corp., Philippines
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- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
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- New Zealand Coal & Carbon
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- Energy Link Ltd, New Zealand
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- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
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- Holcim Trading Pte Ltd - Singapore
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- MS Steel International - UAE
- Planning Commission, India
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- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
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- Directorate General of MIneral and Coal - Indonesia
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- The State Trading Corporation of India Ltd
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- Price Waterhouse Coopers - Russia
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- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
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- India Bulls Power Limited - India
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- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
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- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
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- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
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- Electricity Generating Authority of Thailand
- Economic Council, Georgia
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- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
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- Mintek Dendrill Indonesia
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- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
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- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
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- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- The University of Queensland
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- Altura Mining Limited, Indonesia
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- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
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- Australian Coal Association
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- Parliament of New Zealand
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- Eastern Coal Council - USA
- Posco Energy - South Korea
- Tamil Nadu electricity Board
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- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Georgia Ports Authority, United States
- Mjunction Services Limited - India
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- Australian Commodity Traders Exchange
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