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Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects revenue to increase by 20 percent next year from a year earlier as demand increases.
Dharma director Gani Bustan said after a shareholders’ meeting on Monday that the company’s revenue would grow to US$269 million in 2010 from the estimated $224 million this year on higher orders.
“We received more orders from buyers,” he said, adding most of the contracts came from Bumi.
During the meeting, shareholders approved a plan by the company to carry out a rights issue in January, when it is expected to offer up to 28.5 percent of its stake worth $66.1 million, Gani said.
Under the rights issue plan, shareholders can trade every five shares they own for two new shares at the price of Rp 100 for each share.
The standby buyer for the rights issue is local securities company PT Danatama Makmur.
Dharma will use 71.51 percent of the share issue proceeds for debt repayments, 20.88 percent for the company’s working capital and the remaining 7.61 percent to purchase heavy equipment.
The company’s total debts reached $193 million as of September, while its revenue dropped 8.7 percent to $151 million.
Net profits dropped by 95.79 percent in the third quarter of this year to $300,000 from $7.13 million in the same period in 2008 on the back of lower production and sales. To read more The Jakarta Post
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Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the risin ...
Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...
Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...
Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...
Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...
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- Maharashtra Electricity Regulatory Commission - India
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- Romanian Commodities Exchange
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- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
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- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
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- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
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- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Planning Commission, India
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Gujarat Mineral Development Corp Ltd - India
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- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- MS Steel International - UAE
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
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- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- White Energy Company Limited
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
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- Latin American Coal - Colombia
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- SN Aboitiz Power Inc, Philippines
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