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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 $70 a ton selling price in the same period last year.
Sukrisno is also cautiously upbeat about full-year prospects.
“We predict the revenue in the second semester will also be good. But who knows, because the coal price remains uncertain,” he said.
“It depends on the market price, but I am quite sure our sales volume will increase [from last year] by perhaps around 40 percent,” he said of the company’s full-year revenue estimates.
The company gained Rp 1.7 trillion in net profit last year, and paid the government Rp 555.2 billion in dividends.
It allocated a total of Rp 853.9 billion toward shareholder dividends in 2008.
PTBA is 65 percent owned by the government.
The company, which controls about a quarter of Indonesia’s coal reserves, is also launching an aggressive expansion by preparing several mine takeovers.
It is currently conducting feasibility studies for the purchase of two coal mines in Kalimantan, which have an estimated investment value of Rp 1.5 trillion.
According to Sukrisno, the company produced 5.8 million tons of coal in the first semester. The company is aiming to produce 13.5 million tons this year. (naf)
Source: The Jakarta Post
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Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sour ...
Thursday, 23 July 09
KOMIPO LAUNCHES TWO COAL TENDERS
Korea Midland Power on Wednesday launched two tenders to procure bituminous or semi-anthracite coal for August to September delivery. Bids close on J ...
Thursday, 23 July 09
GUANGDONG BUYERS SET TO IMPORT 2.3 MILLION MT FROM VIETNAM - MEDIA
Several coal-consuming companies in China’s Guangdong Province, headed by Guangdong Yudean Group (Guangdong Power Generation Group), have inke ...
Thursday, 23 July 09
KEPCO BUYS 1.5% STAKE IN ADARO ENERGY FOR US$ 56.5M
WSJ reported that, state-run utility Korea Electric Power Corp., or Kepco, Thursday said it has acquired a 1.5% stake in Indonesian coal miner, PT A ...
Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...
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- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Planning Commission, India
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Parliament of New Zealand
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Minerals Council of Australia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
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