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Thursday, 10 February 11
BUKIT ASAM EXPECTS ABOVE RP 3 TRIO PROFIT
 The state-owned coal miner PT Tambang Bukit Asam Tbk (PTBA) expects to reach 2011's net profit above Rp 3 trillion (US$ 336,322,568) from above Rp2 trillion (US$ 224,215,206) last year, according to report published by Insider Stories.
Insider stories further said, that, the earning increase is mainly underpinned by higher sales volume and prices. PTBA is targeting a 31% increase in sales volume to 16.9 million tons this year from 12 million tons last year.
The company expects a 46.34% rise in revenue to Rp12 trillion (US$ 1,345,291,431) this year from Rp8.2 trillion (US$ 919,282,504) last year. "We predict our 2011's average selling price at US$ 80 per ton from US$ 61.5 ton," Sukrisno, Bukit Asam CEO, said in a press conference today.
According to him, PTBA sets capital expenditure of Rp1.8 trillion (US$ 201,793,721) to support this target. It will be generated from internally cash flow. The company records Rp5 trillion (US$ 560,538,115) of free cash flow.
As a part of business diversification, PTBA and Germany's Lurgi AG are studying to develop coal gasification in Riau provinces with capacity 800,000 metric British thermal unit per year.
At end of January, they expect the feasibility studies are final. "We will supply 6 million tons of coal and the off taker is PT Pertamina with total contract 30 years." The coal gasification project development requires 2-3 years.
Dono Boestami, PTBA Finance Director, said to finance the capex PTBA from internally generated cash and bank loans to finance the capex in 2011.
PT Bank Mandiri Tbk, PT Bank Rakyat Indonesia Tbk and PT Bank Negara Indonesia Tbk have committed to bankroll the project.
PTBA requires US$ 350 million to finance lot of projects until 2014. The investment will be financed by cash internal, bonds or bank loans.
PT Bukit Asam Transpacific Railway a joint venture company beetwen PTBA (10%) PT Transpacific Railway Infrastructure (80%) and China Railway Engineering Corporation (10%) with project values US$ 1.5 billion.
The development of the project will start in first half 2010 and will be finished in 2014. Power plants project with capacity 2 x 100 megawatt in South Sumatera requires US$350 million.
PTBA also has joint partners a railway project with PT Kereta Api Indonesia with total investment of US$47.7 millions.
Other projects are Pelabuhan Tarakan expansion, exploitation and acquisition. The company plans to acquire one or two coal mining company in South Kalimantan in this year.
The company prepares Rp1 trillion (US$ 112,107,623) for this plans. Boestami said with all these business expansion the capacity production of Bukit Asam will achieve 40 million tons in 2014 from the existing capacity productions 12.5 million tons in 2010. (Reported by Insider Stories) - 1 IDR = 0.000112108 USD based on www.xe.com
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Wednesday, 13 April 11
CAPESIZE VESSELS ARE DELIVERED AT A PACE OF ONE NEW VESSEL EVERY SECOND DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a clear sign that it will take a significant rise in global seaborne dry bulk trade in order to be able to absorb the flurry of new building tonn ...
Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pc ...
Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK
Handy
Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to ...
Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the large ...
Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug ...
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- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Planning Commission, India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- The University of Queensland
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
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