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Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
 The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it improves rail networks for the transportation of coal.
The company may sell as much as 15 million tons of coal next year, an increase from its target of 13.5 million this year, as it expects to transport more coal after purchasing of new locomotives, corporate secretary Achmad Sudarto said Monday night. "We hope that with better transport we can sell more coal."
The improvement in the transportation system is expected to help the company capitalize on a rise in production in 2010, when coal output is expected to reach up to 14 million tons from the expected 11 million tons this year.
The company sells coal not only from its own mines but from trade.
Aiming to increase production in near future, PT BA is in the process of acquiring two mining companies in Kalimantan under a deal estimated to be worth US$150 million.
"We hope we can settle the deal before the end of this year," Sudarto said, adding the company would finance the acquisition with internal funds.
The acquisitions are aimed at helping the company meet its production target of 50 million-tons in the next three to four years.
PT BA produced 5.6 million tons of coal in the first half this year, a 20-percent rise on 2008. It sales volume was unchanged at 5.8 million tons, of which 73 percent was allocated to the domestic market. The company's latest financial report showed its net profit soared 124 percent to Rp 1.59 trillion ($159 million) in the first half of this year, on the back of higher coal prices.
The company said that the average selling price rose 55.7 percent to Rp 768,553 a ton.
Sudarto said that the performance of the company in the next half "will be so much better" on the back of increasing sales volume, which is expected to reach 13.5 million tons this year, a 5.5-percent increase on 2008.
Sudarto also unveiled a target for the completion of 30-megawatt coal-fired power plant in South Sumatra in first quarter of 2011. The plant, Sudarto said, will cut operational cuts.
The company needs 23 megawatts of electricity to support its production activities.
Source: The Jakarta Post
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Monday, 12 October 09
SHANDUKA BUYS SACMH RICHARDS BAY COAL ALLOCATION
* Shanduka Coal takes SACMH 500,000T export space
* RBCT must approve any change of ownership
Reuters reported that, South Africa's Shanduka Co ...
Monday, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plant ...
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- Gujarat Electricity Regulatory Commission - India
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- International Coal Ventures Pvt Ltd - India
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- Cigading International Bulk Terminal - Indonesia
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- Thiess Contractors Indonesia
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- Indogreen Group - Indonesia
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- Minerals Council of Australia
- Planning Commission, India
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- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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- New Zealand Coal & Carbon
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- Heidelberg Cement - Germany
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- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
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- Bulk Trading Sa - Switzerland
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- Economic Council, Georgia
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- Coal and Oil Company - UAE
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- Jaiprakash Power Ventures ltd
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- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
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- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
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- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
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- ICICI Bank Limited - India
- The Treasury - Australian Government
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- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
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- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
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- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
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- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
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- Metalloyd Limited - United Kingdom
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- Tamil Nadu electricity Board
- MS Steel International - UAE
- Australian Commodity Traders Exchange
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- Maheswari Brothers Coal Limited - India
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- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
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