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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 $70 a ton selling price in the same period last year.
Sukrisno is also cautiously upbeat about full-year prospects.
“We predict the revenue in the second semester will also be good. But who knows, because the coal price remains uncertain,” he said.
“It depends on the market price, but I am quite sure our sales volume will increase [from last year] by perhaps around 40 percent,” he said of the company’s full-year revenue estimates.
The company gained Rp 1.7 trillion in net profit last year, and paid the government Rp 555.2 billion in dividends.
It allocated a total of Rp 853.9 billion toward shareholder dividends in 2008.
PTBA is 65 percent owned by the government.
The company, which controls about a quarter of Indonesia’s coal reserves, is also launching an aggressive expansion by preparing several mine takeovers.
It is currently conducting feasibility studies for the purchase of two coal mines in Kalimantan, which have an estimated investment value of Rp 1.5 trillion.
According to Sukrisno, the company produced 5.8 million tons of coal in the first semester. The company is aiming to produce 13.5 million tons this year. (naf)
Source: The Jakarta Post
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Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
Wednesday, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
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- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- MS Steel International - UAE
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Australian Coal Association
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
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