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Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT


PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a contract in 2010,” the company’s spokesperson, Dileep Srivastava told Tempo in Jakarta yesterday.

Nevertheless, the company is still optimistic that it can produce a high-priced contract within a short time. “We are negotiating with potential buyers,” Dileep said. With the high coal prices, the company has a chance to increase its performance compared to last year’s.

According to Dileep, as the biggest coal mining company in Indonesia, the company is certain that it can sell more coal and use the momentum of the price increase. Based on estimates of the spot market Newcastle Coal Index, the price of coal this year can top US$ 100 per ton.
Source: Tempo Interactive



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Recent News

Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct * Sees opportunities for overseas acquisitions Indonesian state-owned coal miner Bukit Asam saw 2009 ...


Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...


Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...


Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants The bo ...


Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...


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