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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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Saturday, 26 March 11
FLSMIDTH WINS MULTIMILLION DOLLAR MATERIAL HANDLING PROJECT IN INDONESIA
FLSmidth has signed a contract in Jakarta worth in excess of USD 135m (DKK 700m) with PT Adaro Indonesia, a subsidiary of PT Adaro Energy Tbk., to s ...
Saturday, 26 March 11
ADARO AIMS TO DOUBLE COAL PRODUCTION -THE JAKARTA POST
The Jakarta Post reported that, coal producer PT Adaro Indonesia is planning to soon boost its production capacity to 80 million tons annually, almo ...
Friday, 25 March 11
KNOWLEDGE INFRASTRUCTURE TO BAG 160,000 MT COAL SUPPLY ORDER FROM TNPL
COALspot.com - Delhi based Knowledge infrastructure Systems Pvt. Ltd offered lowest price of US$ 97.10 per metric ton for calorific value of 6000 GA ...
Friday, 25 March 11
THE CAPESIZE MARKET CONTINUED TO FALL - FEARNBULK
Handy
The Atlantic market remains stable with more activity from the Black Sea to Feast paying in the mid 20´s on supras.
The USG remain ...
Friday, 25 March 11
BORNEO ENERGI FY10 NET INCOME SOARS - INSIDER STORIES
Coking coal producer PT Borneo Lumbung Energi Tbk (BORN) booked a skyrocket net income by 499.72% from net loss position in 2009, as quoted by Insid ...
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- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
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