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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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Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
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- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Australian Coal Association
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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