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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

Thursday, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...


Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...


Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...


Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday. Bambang Setiawan, the director general of mineral r ...


Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...


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