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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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Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core bus ...
Monday, 17 August 09
COAL EXPORTS CONTINUE DESPITE SHORTAGE
Vietnam News reported that, Viet Nam is exporting more coal despite a warning from experts that the country could face a shortage of this fossil fue ...
Monday, 17 August 09
S.KOREA JULY COAL IMPORTS UP TO 8.97 MLN T
* Imports of heating coal in July up 3.7 percent on year
* LNG imports in July fall for seventh straight month
Alibaba reorted that, South Kore ...
Monday, 17 August 09
COAL INDIA PLANS A PRICE HIKE OF 11%
With the state-run CIL mining 84% of the coal produced in the country, an 11% increase will push up inflation by around 0.16%, the company said
L ...
Monday, 17 August 09
BANPU SEES INDONESIAN MINE OUTPUT UP 10 PCT IN 2010
Reuters reported that, Thailand's top coal miner, Banpu, said on Monday it expected coal output from its Indonesian mines to rise 10 percent to abo ...
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- Savvy Resources Ltd - HongKong
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- Economic Council, Georgia
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- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
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- Chamber of Mines of South Africa
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- Orica Mining Services - Indonesia
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- Australian Commodity Traders Exchange
- The Treasury - Australian Government
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- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
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- TeaM Sual Corporation - Philippines
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- Alfred C Toepfer International GmbH - Germany
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- Mercator Lines Limited - India
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- Carbofer General Trading SA - India
- Interocean Group of Companies - India
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- McConnell Dowell - Australia
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- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
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- Altura Mining Limited, Indonesia
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- Salva Resources Pvt Ltd - India
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- Bulk Trading Sa - Switzerland
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- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
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- Mintek Dendrill Indonesia
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- Jaiprakash Power Ventures ltd
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- Bhatia International Limited - India
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- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Power Finance Corporation Ltd., India
- The University of Queensland
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- Bhoruka Overseas - Indonesia
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- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
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- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
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- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
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- Wilmar Investment Holdings
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- Tata Chemicals Ltd - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
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- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
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- Malabar Cements Ltd - India
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- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
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- Bukit Baiduri Energy - Indonesia
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