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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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Friday, 01 April 11
SUPRAS EX RICHARDS BAY COAL TERMINAL TO INDIA HOVERING AT $ 25 - 27.00 PMT - FEARNBULK
Handy
Atlantic markets remain stable with more activity from the Black Sea to FEast paying in the mid 20´s on Supras. The USG remains firm p ...
Friday, 01 April 11
DRY BULK MARKET WEAKENS ON SLOWER DEMAND, HOPES FOR MID-TERM REBOUND ON JAPANS RECONSTRUCTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected in the Baltic Dry Index (BDI) retreated for a third day yesterday, after staying flat on Monday, to end at 1,530 p ...
Wednesday, 30 March 11
CHALLENGER SIGNS OPTION AGREEMENTS TO PURCHASE FOUR COAL PROJECTS IN INDONESIA
Challenger Signs Three Exclusive Option Agreements to Purchase Four Coal Projects in East Kalimantan, Indonesia
Challenger Deep Resources Corp.ha ...
Wednesday, 30 March 11
KPCL TO IMPORT ONE MILLION TONS OF 6300 GAD COAL
COALspot.com - Karnataka Power Corporation a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 Kcal/kg ...
Wednesday, 30 March 11
WIKA GRABS PROJECT FROM ADARO INDONESIA - INSIDER STORIES
One of Indonesia's largest thermal coal PT Adaro Indonesia has finally mandated PT Wijaya Karya Tbk (WIKA) as a contractor to install and manage ov ...
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- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- The University of Queensland
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
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