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Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET


Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal to 13.2 million tons.

“This reduction is because of the lower demand for coal,” said Bukit Asam's Managing Director, Sukrisno, yesterday (28/9).

However, the company is optimistic that its income this year will increase by between 20 and 30 percent compared to last year’s income of Rp7.2 trillion.

This is because the company has signed a contract for lower shipping prices.

The company is targeting to produce 12 million tons of coal.

“This will depend on weather conditions in the third and fourth quarters of the year,” said Sukrisno.

In order to improve its performance, the company also plans to carry out the acquisition of three mining sites in Kalimantan.
Source: Tempo Interactive



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Recent News

Thursday, 24 September 09
S.KOREA HYUNDAI STEEL TO BUY COAL FROM SIBERIA
Reuters reported that, South Korea's Hyundai Steel said on Wednesday it will buy a maximum of 300,000 tonnes of coal per year from Siberian Anthrac ...


Thursday, 24 September 09
NO IMPORTED COAL-BASED UMPPS: TATA POWER
Will wait until policy environment becomes more favourable. Business Standard reported that, Tata Power Company (TPC), India’s largest priv ...


Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sover ...


Thursday, 24 September 09
MACQUARIE DOWNGRADES U.S. COAL SECTOR TO NEUTRAL
Reuters reported that, Macquarie Research downgraded the U.S. coal sector to "neutral" from "overweight" as it believes that dem ...


Thursday, 24 September 09
CHINA WILL BE IMPORTER OF COKING COAL NEXT YEAR, MCCLOSKEY SAYS
Bloomberg reported that, China, the world’s largest coal user and producer, will remain an importer of the fuel through next year, according t ...


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