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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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- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- PTC India Limited - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Posco Energy - South Korea
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