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

Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...


Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...


Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...


Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal * Total exports to China in 2010 seen to exceed 20 million T * Chinese, Indian demand may ...


Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...


   1250 1251 1252 1253 1254   
Showing 6256 to 6260 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 ...

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