COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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 thanks to rising demand from the mining sector.

“We have seen a recovery in the mining business. Therefore, the company is confident about booking higher sales this year,” said Sara K Loebis, the company’s corporate secretary.

Heavy machinery accounts for 40 percent of United Tractors’ revenue. Sales totaled 2,600 units in first nine months of 2009, down 31 percent compared with the same period in 2008. Total sales last year were projected to decline 28 percent from 2008.

“We have seen a recovery in the mining business. Therefore, the company is confident about booking higher sales this year”
Sara K Loebis
Corporate Secretary, United Tractors

United Tractors expects its mining contractor, PT Pamapersada Nusantara, to increase its coal production by 5.8 percent this year, to 72 million tons from 68 million tons last year. The company’s earnings as a contractor are based on output. United Tractors did not project 2010 revenue for Pamapersada Nusantara, whose contracting business provides 50 percent of its revenue.

The remaining 10 percent of United Tractors’ revenue comes from its coal mines. Its mining division is now negotiating for two concessions in Kalimantan, Sara said.

“The acquisition process is currently under way,” she said. “One mine is under price negotiation while the other mine is under due diligence.”

Sara said the company expected to sell 3.5 million tons of its coal in 2010.

In November, United Tractors said it would spend the bulk of its $430 million in planned capital expenditure this year on its contract-mining business.

“We will spend $30 million on our heavy machinery unit and $400 million on our contract-mining unit,” said Gideon Hasan, the company’s finance director.

The $30 million will be internally financed, he said, while the $400 million will largely come from vendor financing. Vendor financing refers to the lending of money by a supplier so a customer can buy its products.
Source: The Jakarta Globe



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...


Thursday, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...


Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones.  Coal production in 2008 reached 231,18 mi ...


Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...


Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...


   1205 1206 1207 1208 1209   
Showing 6031 to 6035 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Singapore Mercantile Exchange
  • Indian Oil Corporation Limited
  • Bangladesh Power Developement Board
  • Parry Sugars Refinery, India
  • Eastern Coal Council - USA
  • Idemitsu - Japan
  • Kideco Jaya Agung - Indonesia
  • Uttam Galva Steels Limited - India
  • London Commodity Brokers - England
  • PTC India Limited - India
  • World Coal - UK
  • Xindia Steels Limited - India
  • PLN Batubara - Indonesia
  • MEC Coal - Indonesia
  • Siam City Cement - Thailand
  • Directorate Of Revenue Intelligence - India
  • Inco-Indonesia
  • Bangkok Bank PCL
  • Orica Australia Pty. Ltd.
  • Binh Thuan Hamico - Vietnam
  • McKinsey & Co - India
  • Global Coal Blending Company Limited - Australia
  • Gujarat Electricity Regulatory Commission - India
  • Mitra SK Pvt Ltd - India
  • Price Waterhouse Coopers - Russia
  • Thailand Anthracite
  • TANGEDCO India
  • Adaro Indonesia
  • Ind-Barath Power Infra Limited - India
  • White Energy Company Limited
  • Aditya Birla Group - India
  • Planning Commission, India
  • Bukit Baiduri Energy - Indonesia
  • Thomson Reuters GRC
  • Adani Power Ltd - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Asia Cement - Taiwan
  • Meenaskhi Energy Private Limited - India
  • The State Trading Corporation of India Ltd
  • Wilmar Investment Holdings
  • GMR Energy Limited - India
  • Energy Development Corp, Philippines
  • globalCOAL - UK
  • Cement Manufacturers Association - India
  • Mercuria Energy - Indonesia
  • GNFC Limited - India
  • Arch Coal - USA
  • Thiess Contractors Indonesia
  • IBC Asia (S) Pte Ltd
  • Karaikal Port Pvt Ltd - India
  • Altura Mining Limited, Indonesia
  • Grasim Industreis Ltd - India
  • SGS (Thailand) Limited
  • Clarksons - UK
  • Attock Cement Pakistan Limited
  • Jindal Steel & Power Ltd - India
  • Geoservices-GeoAssay Lab
  • Kapuas Tunggal Persada - Indonesia
  • Semirara Mining Corp, Philippines
  • India Bulls Power Limited - India
  • Energy Link Ltd, New Zealand
  • Essar Steel Hazira Ltd - India
  • KEPCO - South Korea
  • GVK Power & Infra Limited - India
  • Straits Asia Resources Limited - Singapore
  • Rio Tinto Coal - Australia
  • Directorate General of MIneral and Coal - Indonesia
  • HSBC - Hong Kong
  • Riau Bara Harum - Indonesia
  • Interocean Group of Companies - India
  • Thermax Limited - India
  • Lafarge - France
  • PLN - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • bp singapore
  • Indika Energy - Indonesia
  • European Bulk Services B.V. - Netherlands
  • NALCO India
  • Sree Jayajothi Cements Limited - India
  • The Treasury - Australian Government
  • Sindya Power Generating Company Private Ltd
  • Vale Mozambique
  • Kaltim Prima Coal - Indonesia
  • Larsen & Toubro Limited - India
  • Africa Commodities Group - South Africa
  • Panama Canal Authority
  • Commonwealth Bank - Australia
  • Savvy Resources Ltd - HongKong
  • Romanian Commodities Exchange
  • Argus Media - Singapore
  • Platts
  • Sarangani Energy Corporation, Philippines
  • Coal and Oil Company - UAE
  • TNB Fuel Sdn Bhd - Malaysia
  • Maharashtra Electricity Regulatory Commission - India
  • KPCL - India
  • Jatenergy - Australia
  • Australian Commodity Traders Exchange
  • Baramulti Group, Indonesia
  • PNOC Exploration Corporation - Philippines
  • Power Finance Corporation Ltd., India
  • GAC Shipping (India) Pvt Ltd
  • Meralco Power Generation, Philippines
  • Goldman Sachs - Singapore
  • Bukit Makmur.PT - Indonesia
  • South Luzon Thermal Energy Corporation
  • Freeport Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Malco - India
  • SMG Consultants - Indonesia
  • Xstrata Coal
  • Runge Indonesia
  • Maybank - Singapore
  • OCBC - Singapore
  • Fearnleys - India
  • Timah Investasi Mineral - Indoneisa
  • Kalimantan Lumbung Energi - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • TNPL - India
  • Shenhua Group - China
  • Simpson Spence & Young - Indonesia
  • Oldendorff Carriers - Singapore
  • International Coal Ventures Pvt Ltd - India
  • Trasteel International SA, Italy
  • Merrill Lynch Commodities Europe
  • Pinang Coal Indonesia
  • Rudhra Energy - India
  • Barclays Capital - USA
  • VISA Power Limited - India
  • PowerSource Philippines DevCo
  • JPower - Japan
  • IHS Mccloskey Coal Group - USA
  • Tamil Nadu electricity Board
  • Krishnapatnam Port Company Ltd. - India
  • Minerals Council of Australia
  • Formosa Plastics Group - Taiwan
  • NTPC Limited - India
  • Moodys - Singapore
  • Carbofer General Trading SA - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Cosco
  • Infraline Energy - India
  • Latin American Coal - Colombia
  • IOL Indonesia
  • Merrill Lynch Bank
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Antam Resourcindo - Indonesia
  • Parliament of New Zealand
  • Miang Besar Coal Terminal - Indonesia
  • Arutmin Indonesia
  • UOB Asia (HK) Ltd
  • IEA Clean Coal Centre - UK
  • Global Green Power PLC Corporation, Philippines
  • Sical Logistics Limited - India
  • Coaltrans Conferences
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Japan Coal Energy Center
  • Bhatia International Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • Globalindo Alam Lestari - Indonesia
  • Mjunction Services Limited - India
  • Maheswari Brothers Coal Limited - India
  • Intertek Mineral Services - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Indo Tambangraya Megah - Indonesia
  • GB Group - China
  • Central Java Power - Indonesia
  • Core Mineral Indonesia
  • Enel Italy
  • Salva Resources Pvt Ltd - India
  • Indonesian Coal Mining Association
  • Gupta Coal India Ltd
  • McConnell Dowell - Australia
  • Edison Trading Spa - Italy
  • Kohat Cement Company Ltd. - Pakistan
  • SMC Global Power, Philippines
  • SUEK AG - Indonesia
  • Petrosea - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Bulk Trading Sa - Switzerland
  • CNBM International Corporation - China
  • Independent Power Producers Association of India
  • Malabar Cements Ltd - India
  • Ernst & Young Pvt. Ltd.
  • Aboitiz Power Corporation - Philippines
  • SN Aboitiz Power Inc, Philippines
  • Samtan Co., Ltd - South Korea
  • CoalTek, United States
  • Barasentosa Lestari - Indonesia
  • Gresik Semen - Indonesia
  • Medco Energi Mining Internasional
  • Sojitz Corporation - Japan
  • KOWEPO - South Korea
  • Marubeni Corporation - India
  • The India Cements Ltd
  • Ministry of Transport, Egypt
  • Coeclerici Indonesia
  • U S Energy Resources
  • Electricity Generating Authority of Thailand
  • Thriveni
  • APGENCO India
  • Mitsubishi Corporation
  • WorleyParsons
  • Cargill India Pvt Ltd
  • Renaissance Capital - South Africa
  • Madhucon Powers Ltd - India
  • Indian School of Mines
  • Qatrana Cement - Jordan
  • CESC Limited - India
  • Sucofindo - Indonesia
  • Bharathi Cement Corporation - India
  • ASAPP Information Group - India
  • Mechel - Russia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Samsung - South Korea
  • Therma Luzon, Inc, Philippines
  • Anglo American - United Kingdom
  • Borneo Indobara - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Mitsui
  • Pendopo Energi Batubara - Indonesia
  • The University of Queensland
  • ING Bank NV - Singapore
  • Bhoruka Overseas - Indonesia
  • Banpu Public Company Limited - Thailand
  • KPMG - USA
  • IMC Shipping - Singapore
  • EMO - The Netherlands
  • TRAFIGURA, South Korea
  • Metalloyd Limited - United Kingdom
  • MS Steel International - UAE
  • Cemex - Philippines
  • Iligan Light & Power Inc, Philippines
  • Semirara Mining and Power Corporation, Philippines
  • San Jose City I Power Corp, Philippines
  • Petron Corporation, Philippines
  • Toyota Tsusho Corporation, Japan
  • Kartika Selabumi Mining - Indonesia
  • Georgia Ports Authority, United States
  • Permata Bank - Indonesia
  • Ministry of Finance - Indonesia
  • Tata Power - India
  • PetroVietnam Power Coal Import and Supply Company
  • AsiaOL BioFuels Corp., Philippines
  • Tata Chemicals Ltd - India
  • Thai Mozambique Logistica
  • DBS Bank - Singapore
  • Kobexindo Tractors - Indoneisa
  • Coal India Limited
  • Eastern Energy - Thailand
  • Glencore India Pvt. Ltd
  • UBS Singapore
  • Asian Development Bank
  • Global Business Power Corporation, Philippines
  • Videocon Industries ltd - India
  • Bank of China, Malaysia
  • Australian Coal Association
  • Leighton Contractors Pty Ltd - Australia
  • Britmindo - Indonesia
  • Bhushan Steel Limited - India
  • Indonesia Power. PT
  • Coalindo Energy - Indonesia
  • CIMB Investment Bank - Malaysia
  • Vedanta Resources Plc - India
  • Peabody Energy - USA
  • BNP Paribas - Singapore
  • Mercator Lines Limited - India
  • Lanco Infratech Ltd - India
  • J M Baxi & Co - India
  • Star Paper Mills Limited - India
  • CCIC - Indonesia
  • JPMorgan - India
  • Indian Energy Exchange, India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Indorama - Singapore
  • Orica Mining Services - Indonesia
  • Port Waratah Coal Services - Australia
  • New Zealand Coal & Carbon
  • Surastha Cement
  • Neyveli Lignite Corporation Ltd, - India
  • Deutsche Bank - India
  • ACC Limited - India
  • Posco Energy - South Korea
  • Bank of America
  • Cardiff University - UK
  • Sakthi Sugars Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • Makarim & Taira - Indonesia
  • Gujarat Sidhee Cement - India
  • Russian Coal LLC
  • Ince & co LLP
  • OPG Power Generation Pvt Ltd - India
  • Coal Orbis AG
  • Cebu Energy, Philippines
  • Central Electricity Authority - India
  • TeaM Sual Corporation - Philippines
  • Electricity Authority, New Zealand
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • BRS Brokers - Singapore
  • Platou - Singapore
  • Inspectorate - India
  • Ministry of Mines - Canada
  • Vizag Seaport Private Limited - India
  • GHCL Limited - India
  • Dalmia Cement Bharat India
  • Gujarat Mineral Development Corp Ltd - India
  • Tanito Harum - Indonesia
  • Credit Suisse - India
  • Berau Coal - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Mintek Dendrill Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • ANZ Bank - Australia
  • ETA - Dubai
  • ICICI Bank Limited - India
  • Maruti Cements - India
  • LBH Netherlands Bv - Netherlands
  • Coastal Gujarat Power Limited - India
  • Vitol - Bahrain
  • Bahari Cakrawala Sebuku - Indonesia
  • Standard Chartered Bank - UAE
  • Jorong Barutama Greston.PT - Indonesia
  • Wood Mackenzie - Singapore
  • Shree Cement - India
  • SRK Consulting
  • RBS Sempra - UK
  • Chamber of Mines of South Africa
  • TGV SRAAC LIMITED, India
  • Maersk Broker
  • Bayan Resources Tbk. - Indonesia
  • Heidelberg Cement - Germany
  • Kepco SPC Power Corporation, Philippines
  • Kobe Steel Ltd - Japan
  • Agrawal Coal Company - India
  • Ambuja Cements Ltd - India
  • EIA - United States
  • Reliance Power - India
  • Humpuss - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Noble Europe Ltd - UK
  • Total Coal South Africa
  • Economic Council, Georgia
  • Indogreen Group - Indonesia
  • Manunggal Multi Energi - Indonesia
  • SASOL - South Africa
  • Siam City Cement PLC, Thailand
  • Jaiprakash Power Ventures ltd
  • Kumho Petrochemical, South Korea
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Deloitte Consulting - India
  • PetroVietnam
  • World Bank
  • Vijayanagar Sugar Pvt Ltd - India