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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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Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
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- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- The University of Queensland
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Australian Coal Association
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
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