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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 net profit up around 50 percent and expects double digit revenue growth this year, president director Sukrisno said on Wednesday.
Mining firms in Indonesia, the world's largest exporter of thermal coal, are expected to benefit from improving external demand as the global economy recovers this year. "Unaudited net profit is estimated to have increased by 50 percent in 2009 from 1.7 trillion rupiah in 2008," Sukrisno told reporters. "We expect double digit revenue growth in 2010," he said.
Sukrisno also said the firm, Indonesia's third-largest listed coal miner by market value, saw opportunities for overseas acquisitions. Sukrisno told Reuters in an interview on Dec. 22 last year that the company expected its 2009 revenue to hit 9 trillion rupiah, compared to 7.2 trillion rupiah in 2008, as coal prices rose.
Indonesia's coal mining association told Reuters in January that coal prices have been rising too fast but will likely ease from April when weather becomes drier.
He also said shipments to China from Indonesia will climb this year. Bukit Asam exports about 30 percent of its output to Japan and Malaysia on long-term contracts, but also to South Korea, China and India on a spot basis.
Source: Reuters
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Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
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- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Planning Commission, India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- The University of Queensland
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
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