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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, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
Wednesday, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR
Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on ...
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- San Jose City I Power Corp, Philippines
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- Videocon Industries ltd - India
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- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Australian Coal Association
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
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- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
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- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
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- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
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- Renaissance Capital - South Africa
- CNBM International Corporation - China
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- Economic Council, Georgia
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- GMR Energy Limited - India
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- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- White Energy Company Limited
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- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
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- Essar Steel Hazira Ltd - India
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- Orica Mining Services - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
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- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
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- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
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- Agrawal Coal Company - India
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- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- The University of Queensland
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
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- Central Java Power - Indonesia
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- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
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- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
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