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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, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
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- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
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- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Ministry of Mines - Canada
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- The University of Queensland
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
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