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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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Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
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Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
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- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- The Treasury - Australian Government
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