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Saturday, 30 April 11
BUKIT ASAM PROFIT HAS JUMPS 108 PERCENT IN Q1, 2011
The Indonesian state-controlled coal miner PT Bukit Asam Tbk (PTBA) reported a 108.07 percent jump in net profit during the first three months of 2011, as quoted by Insider Stories.
Insider Stories further said, the company's net profit has reached to Rp 760.92 billion (approximately US$ 88.764 Million) or Rp 330 (US$ 0.038)per share in 1Q 2011 compared to Rp 365.70 billion (approximately US$ 42.711 million) or Rp162 (US$ 0.0189) per share in 1Q 2010.
Bukit Asam’s operating profit has increased to Rp 944.64 billion (approximately US$ 110.329 million) or surging of 123 percent from Rp 422.92 billion (approximately US$ 49.395 million).
Gross profit increased 75.94 percent to Rp1.24 trillion (approximately US$ 144.825 million) from Rp 706.75 billion (approximately US$ 82.544 million). The company has posted Rp 2.32 trillion (approximately US$ 270.964 million) in sales, a 30 percent up from Rp1.78 trillion (approximately US$ 270.964 million) because of the higher selling price of coal both in the local and export markets, as quoted by Insider Stories.
Bukit Asam's average selling price (ASP) increased 35 percent to Rp 751,457 (approximately US$ 87.76) per ton compared to the same period a year earlier.
Coal output
The miner has produced 3 million tons a 16 percent increase, while coal sales have decreased 4 percent to 3.1 million tons as sales volume fell.
The company expects to increase coal sales to 16.8 million tons in 2011. Bukit Asam also plans to boost coal output at its IPC mine in East Kalimantan.
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Thursday, 05 May 11
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark, the Baltic Dry Index (BDI) managed to edge higher yesterday, rising by 1.81% to 1,292 points, in the first po ...
Thursday, 05 May 11
AKR NAMES KARUNIA AS COAL CONTRACTOR
Insider Stories reported that, PT AKR Corporindo Tbk has appointed PT Karunia Bumi Khatulistiwa as the contractor of coal mining concession in North ...
Tuesday, 03 May 11
DRY BULK MARKET OUTLOOK SEEN WEAK, AS SHIP OWNERS PILE UP MORE SHIPS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the Baltic Dry Index not trading yesterday, it’s worth taking a step back to see the current freight levels. First of all, capesizes and ...
Tuesday, 03 May 11
THE HANDY MARKET CONTINUED TO SLIDE DOWN - BRS
There were marginal increases in rates for the larger sizes this week, with the Cape index remaining stable and the Panamax index logging a 5% incre ...
Monday, 02 May 11
ADARO POSTS 11.7 PERCENT INCREASE IN REVENUES ON HIGHER PRICES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s second-largest coal producer, PT Adaro Energy Tbk, announced an 11.7 percent increase in net reven ...
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- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
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