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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, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
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- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Australian Coal Association
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- The University of Queensland
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
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