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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, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
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Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
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- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- The Treasury - Australian Government
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- SMC Global Power, Philippines
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- Bangladesh Power Developement Board
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- Indian Energy Exchange, India
- Ministry of Mines - Canada
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- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
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- Minerals Council of Australia
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- Toyota Tsusho Corporation, Japan
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- LBH Netherlands Bv - Netherlands
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- Deloitte Consulting - India
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- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
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- Manunggal Multi Energi - Indonesia
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- The University of Queensland
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- Planning Commission, India
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- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
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- Bulk Trading Sa - Switzerland
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- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
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- Australian Commodity Traders Exchange
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- Globalindo Alam Lestari - Indonesia
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- Ministry of Finance - Indonesia
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- Australian Coal Association
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Baramulti Group, Indonesia
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- European Bulk Services B.V. - Netherlands
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- Merrill Lynch Commodities Europe
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- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
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- Rashtriya Ispat Nigam Limited - India
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