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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, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
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- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- White Energy Company Limited
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
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