COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010


Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million in 2010, finance director Gidion Hasan said on Friday.

The firm plans to use most of its capital expenditure for its subsidiary, coal contractor PT Pamapersada Nusantara, which has around 42 percent market share with clients such as Adaro Energy, Tambang Batubara Bukit Asam  and Kaltim Prima Coal, a unit of Bumi Resources.

"We plan to allocate $30 million for our heavy equipment distribution and the rest will be used for our mining contractor Pamapersada," Hasan told a media briefing.

"Funding for capital expenditure will come from our cash flow, leasing and syndicated loans. We have no plans for corporate (bond) issuance."

Hasan also said the firm expects revenue to rise between 10-15 percent in 2010. Revenue for the first nine months of 2009 was 21.3 trillion rupiah ($2.25 billion).

Analysts polled by Thomson Reuters I/B/E/S expected the firm to report revenue of 28.68 trillion rupiah and a net profit of 3.68 trillion rupiah this year.

Half of the firm's revenue comes from its mining contractor unit, while its heavy equipment business accounts for 40 percent and its own coal sales account for the remaining 10 percent.

United Tractors, a unit of the largest automotive distributor PT Astra International expects to mine 65 million tonnes of coal this year.

Its own coal production is around 3 million tonnes, but the firm plans to increase production by acquiring a couple of coal mines.

"We are in the process of due diligence for two coal mines in Central Kalimantan and we expect to complete the process in December. We may acquire both if the result (of due diligence) is good. The resources are estimated to be around 20-50 million," said Hasan.
Source: Reuters



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...


Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...


Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...


Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...


Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program. Minister of En ...


   1246 1247 1248 1249 1250   
Showing 6236 to 6240 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Indogreen Group - Indonesia
  • TGV SRAAC LIMITED, India
  • Wood Mackenzie - Singapore
  • Anglo American - United Kingdom
  • Sakthi Sugars Limited - India
  • Ministry of Finance - Indonesia
  • Australian Commodity Traders Exchange
  • Samtan Co., Ltd - South Korea
  • Tata Power - India
  • Malabar Cements Ltd - India
  • Kaltim Prima Coal - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Edison Trading Spa - Italy
  • Dalmia Cement Bharat India
  • Meenaskhi Energy Private Limited - India
  • Kepco SPC Power Corporation, Philippines
  • Adaro Indonesia
  • Indonesian Coal Mining Association
  • PLN Batubara - Indonesia
  • Adani Power Ltd - India
  • Carbofer General Trading SA - India
  • Vitol - Bahrain
  • Planning Commission, India
  • Bayan Resources Tbk. - Indonesia
  • South Luzon Thermal Energy Corporation
  • McConnell Dowell - Australia
  • Mintek Dendrill Indonesia
  • Riau Bara Harum - Indonesia
  • Clarksons - UK
  • NALCO India
  • Aditya Birla Group - India
  • Semirara Mining Corp, Philippines
  • Therma Luzon, Inc, Philippines
  • Standard Chartered Bank - UAE
  • Gresik Semen - Indonesia
  • Gujarat Sidhee Cement - India
  • Platou - Singapore
  • ACC Limited - India
  • Kobe Steel Ltd - Japan
  • Deutsche Bank - India
  • Rudhra Energy - India
  • Barclays Capital - USA
  • Bank of America
  • Gujarat Electricity Regulatory Commission - India
  • Inspectorate - India
  • Central Java Power - Indonesia
  • MEC Coal - Indonesia
  • Salva Resources Pvt Ltd - India
  • IHS Mccloskey Coal Group - USA
  • Bharathi Cement Corporation - India
  • BRS Brokers - Singapore
  • Idemitsu - Japan
  • UOB Asia (HK) Ltd
  • Ministry of Transport, Egypt
  • Indonesia Power. PT
  • Inco-Indonesia
  • PowerSource Philippines DevCo
  • Mechel - Russia
  • JPower - Japan
  • Ind-Barath Power Infra Limited - India
  • KPCL - India
  • GHCL Limited - India
  • Indo Tambangraya Megah - Indonesia
  • Ambuja Cements Ltd - India
  • Coeclerici Indonesia
  • Vale Mozambique
  • CNBM International Corporation - China
  • GMR Energy Limited - India
  • Maersk Broker
  • Humpuss - Indonesia
  • IMC Shipping - Singapore
  • Mercuria Energy - Indonesia
  • Cardiff University - UK
  • Thermax Limited - India
  • EMO - The Netherlands
  • Bhatia International Limited - India
  • Holcim Trading Pte Ltd - Singapore
  • DBS Bank - Singapore
  • Cement Manufacturers Association - India
  • GVK Power & Infra Limited - India
  • Enel Italy
  • Mercator Lines Limited - India
  • Global Green Power PLC Corporation, Philippines
  • Essar Steel Hazira Ltd - India
  • IEA Clean Coal Centre - UK
  • Coal India Limited
  • Infraline Energy - India
  • ING Bank NV - Singapore
  • Africa Commodities Group - South Africa
  • Sindya Power Generating Company Private Ltd
  • Thailand Anthracite
  • Kobexindo Tractors - Indoneisa
  • Noble Europe Ltd - UK
  • TANGEDCO India
  • WorleyParsons
  • TNPL - India
  • Latin American Coal - Colombia
  • Bukit Makmur.PT - Indonesia
  • Merrill Lynch Commodities Europe
  • Rio Tinto Coal - Australia
  • BNP Paribas - Singapore
  • Mitsubishi Corporation
  • Rashtriya Ispat Nigam Limited - India
  • Sical Logistics Limited - India
  • Karaikal Port Pvt Ltd - India
  • Parry Sugars Refinery, India
  • Sojitz Corporation - Japan
  • Aboitiz Power Corporation - Philippines
  • Jaiprakash Power Ventures ltd
  • Gupta Coal India Ltd
  • Thriveni
  • Medco Energi Mining Internasional
  • SN Aboitiz Power Inc, Philippines
  • Arch Coal - USA
  • Pipit Mutiara Jaya. PT, Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Tata Chemicals Ltd - India
  • KOWEPO - South Korea
  • IOL Indonesia
  • Cemex - Philippines
  • Leighton Contractors Pty Ltd - Australia
  • Asmin Koalindo Tuhup - Indonesia
  • The University of Queensland
  • LBH Netherlands Bv - Netherlands
  • Global Coal Blending Company Limited - Australia
  • Credit Suisse - India
  • Shenhua Group - China
  • International Coal Ventures Pvt Ltd - India
  • Toyota Tsusho Corporation, Japan
  • Indorama - Singapore
  • HSBC - Hong Kong
  • Timah Investasi Mineral - Indoneisa
  • Moodys - Singapore
  • Krishnapatnam Port Company Ltd. - India
  • Asian Development Bank
  • India Bulls Power Limited - India
  • PLN - Indonesia
  • Maybank - Singapore
  • Interocean Group of Companies - India
  • Borneo Indobara - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Sree Jayajothi Cements Limited - India
  • Chettinad Cement Corporation Ltd - India
  • SMC Global Power, Philippines
  • Makarim & Taira - Indonesia
  • Attock Cement Pakistan Limited
  • Arutmin Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • CIMB Investment Bank - Malaysia
  • Maruti Cements - India
  • Wilmar Investment Holdings
  • Parliament of New Zealand
  • Ceylon Electricity Board - Sri Lanka
  • Electricity Authority, New Zealand
  • Commonwealth Bank - Australia
  • The India Cements Ltd
  • ETA - Dubai
  • Madhucon Powers Ltd - India
  • Larsen & Toubro Limited - India
  • Coastal Gujarat Power Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Coaltrans Conferences
  • Bukit Asam (Persero) Tbk - Indonesia
  • SUEK AG - Indonesia
  • MS Steel International - UAE
  • SMG Consultants - Indonesia
  • Central Electricity Authority - India
  • Indian School of Mines
  • Berau Coal - Indonesia
  • GB Group - China
  • VISA Power Limited - India
  • Samsung - South Korea
  • Reliance Power - India
  • Xstrata Coal
  • Cosco
  • Kapuas Tunggal Persada - Indonesia
  • Permata Bank - Indonesia
  • Posco Energy - South Korea
  • Jindal Steel & Power Ltd - India
  • Independent Power Producers Association of India
  • Grasim Industreis Ltd - India
  • Straits Asia Resources Limited - Singapore
  • Pinang Coal Indonesia
  • Petrosea - Indonesia
  • Georgia Ports Authority, United States
  • NTPC Limited - India
  • Heidelberg Cement - Germany
  • Cargill India Pvt Ltd
  • Orica Australia Pty. Ltd.
  • Metalloyd Limited - United Kingdom
  • The State Trading Corporation of India Ltd
  • European Bulk Services B.V. - Netherlands
  • ICICI Bank Limited - India
  • Kideco Jaya Agung - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • TeaM Sual Corporation - Philippines
  • Binh Thuan Hamico - Vietnam
  • Ministry of Mines - Canada
  • Panama Canal Authority
  • Vedanta Resources Plc - India
  • CESC Limited - India
  • Coal and Oil Company - UAE
  • Glencore India Pvt. Ltd
  • Lafarge - France
  • Banpu Public Company Limited - Thailand
  • Coalindo Energy - Indonesia
  • White Energy Company Limited
  • PTC India Limited - India
  • Star Paper Mills Limited - India
  • J M Baxi & Co - India
  • ASAPP Information Group - India
  • McKinsey & Co - India
  • SGS (Thailand) Limited
  • Alfred C Toepfer International GmbH - Germany
  • Eastern Coal Council - USA
  • Lanco Infratech Ltd - India
  • Uttam Galva Steels Limited - India
  • Chamber of Mines of South Africa
  • London Commodity Brokers - England
  • Thomson Reuters GRC
  • Savvy Resources Ltd - HongKong
  • Xindia Steels Limited - India
  • Bhushan Steel Limited - India
  • Bhoruka Overseas - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Simpson Spence & Young - Indonesia
  • Total Coal South Africa
  • Global Business Power Corporation, Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • Core Mineral Indonesia
  • Intertek Mineral Services - Indonesia
  • Sarangani Energy Corporation, Philippines
  • GNFC Limited - India
  • Runge Indonesia
  • Tamil Nadu electricity Board
  • OCBC - Singapore
  • Renaissance Capital - South Africa
  • Antam Resourcindo - Indonesia
  • Freeport Indonesia
  • Australian Coal Association
  • Gujarat Mineral Development Corp Ltd - India
  • World Bank
  • Merrill Lynch Bank
  • Coal Orbis AG
  • Energy Link Ltd, New Zealand
  • Geoservices-GeoAssay Lab
  • Miang Besar Coal Terminal - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Shree Cement - India
  • SASOL - South Africa
  • Port Waratah Coal Services - Australia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Marubeni Corporation - India
  • Minerals Council of Australia
  • KEPCO - South Korea
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Price Waterhouse Coopers - Russia
  • Directorate General of MIneral and Coal - Indonesia
  • Directorate Of Revenue Intelligence - India
  • KPMG - USA
  • Petron Corporation, Philippines
  • Mjunction Services Limited - India
  • Eastern Energy - Thailand
  • Iligan Light & Power Inc, Philippines
  • Sucofindo - Indonesia
  • Bangladesh Power Developement Board
  • Bank of China, Malaysia
  • APGENCO India
  • Peabody Energy - USA
  • Mitsui
  • UBS Singapore
  • SRK Consulting
  • Neyveli Lignite Corporation Ltd, - India
  • CCIC - Indonesia
  • ANZ Bank - Australia
  • Bangkok Bank PCL
  • Kartika Selabumi Mining - Indonesia
  • Altura Mining Limited, Indonesia
  • Pendopo Energi Batubara - Indonesia
  • IBC Asia (S) Pte Ltd
  • Kohat Cement Company Ltd. - Pakistan
  • CoalTek, United States
  • Videocon Industries ltd - India
  • Electricity Generating Authority of Thailand
  • JPMorgan - India
  • PetroVietnam
  • The Treasury - Australian Government
  • Japan Coal Energy Center
  • Thai Mozambique Logistica
  • RBS Sempra - UK
  • TRAFIGURA, South Korea
  • Romanian Commodities Exchange
  • Bukit Baiduri Energy - Indonesia
  • Indian Energy Exchange, India
  • Trasteel International SA, Italy
  • Power Finance Corporation Ltd., India
  • Vizag Seaport Private Limited - India
  • Singapore Mercantile Exchange
  • Indika Energy - Indonesia
  • Cebu Energy, Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • Ernst & Young Pvt. Ltd.
  • Formosa Plastics Group - Taiwan
  • Tanito Harum - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Jorong Barutama Greston.PT - Indonesia
  • San Jose City I Power Corp, Philippines
  • Siam City Cement - Thailand
  • Kalimantan Lumbung Energi - Indonesia
  • Economic Council, Georgia
  • OPG Power Generation Pvt Ltd - India
  • World Coal - UK
  • Goldman Sachs - Singapore
  • Indian Oil Corporation Limited
  • bp singapore
  • Britmindo - Indonesia
  • U S Energy Resources
  • Orica Mining Services - Indonesia
  • Russian Coal LLC
  • GAC Shipping (India) Pvt Ltd
  • New Zealand Coal & Carbon
  • Kumho Petrochemical, South Korea
  • Bulk Trading Sa - Switzerland
  • Jatenergy - Australia
  • Karbindo Abesyapradhi - Indoneisa
  • Bahari Cakrawala Sebuku - Indonesia
  • Siam City Cement PLC, Thailand
  • Sinarmas Energy and Mining - Indonesia
  • Qatrana Cement - Jordan
  • Barasentosa Lestari - Indonesia
  • Energy Development Corp, Philippines
  • Deloitte Consulting - India
  • Malco - India
  • Maharashtra Electricity Regulatory Commission - India
  • EIA - United States
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Ince & co LLP
  • Platts
  • Argus Media - Singapore
  • Baramulti Group, Indonesia
  • Fearnleys - India
  • PNOC Exploration Corporation - Philippines
  • Agrawal Coal Company - India
  • Thiess Contractors Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Semirara Mining and Power Corporation, Philippines
  • Maheswari Brothers Coal Limited - India
  • Asia Cement - Taiwan
  • Mitra SK Pvt Ltd - India
  • Oldendorff Carriers - Singapore
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Surastha Cement
  • Meralco Power Generation, Philippines
  • globalCOAL - UK