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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, 22 January 10
ENERGY ADVISORY COUNCIL MULLS - COAL EXPORT BAN
The National Energy Council, which advises the House of Representatives and the president on energy issues, has begun to debate a proposal to ban ex ...
Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy&nb ...
Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture w ...
Friday, 22 January 10
SHENHUA ENERGY 09 YIELDED 210MN TONS COMMODITY COAL
China Shenhua Energy Co., Ltd. yielded 210 million tons of commodity coal in 2009, hiking 13.2% year on year, the Chinese energy titan announced tod ...
Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
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- Kohat Cement Company Ltd. - Pakistan
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- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
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- The University of Queensland
- LBH Netherlands Bv - Netherlands
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- Directorate General of MIneral and Coal - Indonesia
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- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
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- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
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- Parliament of New Zealand
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- Bhoruka Overseas - Indonesia
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- Trasteel International SA, Italy
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- Meralco Power Generation, Philippines
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- Ministry of Mines - Canada
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- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
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- Standard Chartered Bank - UAE
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- Bulk Trading Sa - Switzerland
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- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
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- Bharathi Cement Corporation - India
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- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
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- Australian Commodity Traders Exchange
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- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
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- Jorong Barutama Greston.PT - Indonesia
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- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
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- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
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- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
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- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
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- Merrill Lynch Commodities Europe
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- Orica Australia Pty. Ltd.
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- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
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- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
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- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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- Australian Coal Association
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
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- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
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- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
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