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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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Thursday, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
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- Australian Commodity Traders Exchange
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- Tamil Nadu electricity Board
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- Tata Chemicals Ltd - India
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- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Parliament of New Zealand
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- Planning Commission, India
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- PTC India Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Malabar Cements Ltd - India
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- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
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- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
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- Indogreen Group - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
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- Meralco Power Generation, Philippines
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- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
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- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
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- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
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- The University of Queensland
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