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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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Thursday, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...
Thursday, 24 February 11
SUPRAS ARE FIXED AT CLOSE TO 10K FOR TRIPS VIA INDONESIA TO INDIA WITH COAL - FEARNBULK
Handy
After a short lived surge in rates the Atlantic market has flattened out due to too many spot vessels. The USGulf has cooled down somewhat f ...
Wednesday, 23 February 11
LIMITED AVAILABILITY OF COAL COULD TRIP MEGA POWER PLANT - THE ECONOMIC TIMES
The Economic Times, an Indian leading news paper reported that, an acute shortage of domestic coal is threatening to destabilize new power generatio ...
Wednesday, 23 February 11
DRY BULK MARKET BACK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The two week rise of dry bulk freight rates seems to have come to a halt this week, with the industry’s benchmark, the Baltic Dry Index (BDI) lo ...
Wednesday, 23 February 11
INDONESIA NEEDS TO REVISE EXPORT BAN ON 5600 GAD COAL EXPORT - INDUSTRY
COALspot.com - The Indonesian government may be forced to revise its 2014 timeline for the proposed ban on all low quality coal exports, Patrick Han ...
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- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Australian Coal Association
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Planning Commission, India
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
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