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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.
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“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
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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
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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 ...
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. ...
Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
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- Cement Manufacturers Association - India
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- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Economic Council, Georgia
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- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
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- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- AsiaOL BioFuels Corp., Philippines
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- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
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- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
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- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Australian Coal Association
- PTC India Limited - India
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
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- Power Finance Corporation Ltd., India
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- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
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- The University of Queensland
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- Indogreen Group - Indonesia
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- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
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- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
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- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
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