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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
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Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
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- Economic Council, Georgia
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- Kohat Cement Company Ltd. - Pakistan
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- MS Steel International - UAE
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- IHS Mccloskey Coal Group - USA
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- Minerals Council of Australia
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- Mintek Dendrill Indonesia
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- Cement Manufacturers Association - India
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- Gujarat Electricity Regulatory Commission - India
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- Meralco Power Generation, Philippines
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- Intertek Mineral Services - Indonesia
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- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
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- Larsen & Toubro Limited - India
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- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
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- Merrill Lynch Commodities Europe
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- Riau Bara Harum - Indonesia
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- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
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- Directorate General of MIneral and Coal - Indonesia
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- Metalloyd Limited - United Kingdom
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- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
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