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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, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
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- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Planning Commission, India
- Posco Energy - South Korea
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
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