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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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Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
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- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
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- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
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- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
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- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Planning Commission, India
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Minerals Council of Australia
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
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- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
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- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
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