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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, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also ...
Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
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- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
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- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
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- Independent Power Producers Association of India
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- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
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- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Kalimantan Lumbung Energi - Indonesia
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- Electricity Authority, New Zealand
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- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
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- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
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- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
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- Oldendorff Carriers - Singapore
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