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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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Tuesday, 19 April 11
TNPL TO CONDUCT E-AUCTION TO SECURE 160,000 MT OF COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL) a state utility of Tamil Nadu, India to conduct reverse auction on 20 April 2011, betw ...
Tuesday, 19 April 11
ADARO TO ALLOT US$100 MIO FOR COKING COAL - INSIDER STORIES
One of Indonesia's largest coal miner PT Adaro Energy Tbk (ADRO) plans to spend US$100 million in coking coal project dubbed IndoMet Coal, a joint ...
Tuesday, 19 April 11
KPCL TO OPEN PRICE BID ON 23 APRIL 2011 TO FINALIZE ITS ONE MILLION MT COAL SUPPLIER
COALspot.com - Karnataka Power Corporation (KPCL) a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 ...
Monday, 18 April 11
INDONESIA HAS SET THE APRIL 2011 COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.02 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the April 2011 Indonesian Coal Reference Price for thermal coal at ...
Sunday, 17 April 11
THE FREIGHT MARKET APPEARS WILL CONTINUE TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - "The freight market continued to soften further with all segments down except for the handy size which was marginally up by 10 p ...
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- Therma Luzon, Inc, Philippines
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- AsiaOL BioFuels Corp., Philippines
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- Global Business Power Corporation, Philippines
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- White Energy Company Limited
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- Thiess Contractors Indonesia
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- Karaikal Port Pvt Ltd - India
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- Chamber of Mines of South Africa
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- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
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- Heidelberg Cement - Germany
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- Formosa Plastics Group - Taiwan
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- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Australian Coal Association
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
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- Indonesian Coal Mining Association
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
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- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
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- Energy Development Corp, Philippines
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- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
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- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
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- Directorate General of MIneral and Coal - Indonesia
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- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
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- PNOC Exploration Corporation - Philippines
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- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
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- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
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- ASAPP Information Group - India
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