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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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Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
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- Planning Commission, India
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
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