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Friday, 06 May 11
BUKIT ASAM TO CLOSE COAL TAKEOVER IN Q2 - INSIDER STORIES
The state-controlled PT Tambang Bukit Asam Tbk (PTBA) expects to complete acquisition of two coal mining companies from four companies which is now reviewed, as quoted by Insider Stories.
The acquisition, said Bukit Asam CEO Sukrisno, is expected to complete in the second or third quarter of this year. These two coal mines are expected to start production by 2012 with capacity of 1 million tons-2.5 million tons.
Besides the acquisition, Bukit Asam and its consortia has passed the qualification for tender of four power plants.
Bukit Asam has tied up Chinese Hua Tian for the power plant project with capacity of 2x600 MW in South Sulawesi, 2x300 MW in South Sumatra in partnership with subsidiary of PT United Tractors Tbk.
Bukit Asam will bankroll the project with internally generated cash flow which reached Rp 5 trillion (approximately US$ 583.771 million).
The company expects to reach net profit of above Rp 3 trillion (approximately US$ 350.262 million) in 2011 from Rp 2 trillion (approxiamtely US$ 233.508 million) last year because of higher sales volume and prices.
Sales volume is expected to increase 31% to 16.9 million tons of coal in 2011 from 12 million tons last year. The revenue is estimated to rise 46.34% to Rp12 trillion (approximately US$ 1.401 billion) from Rp 8.2 trillion (approxiamtely US$ 957.384 million).
"We estimate our 2011's average selling prices of US$ 80 per ton from $ 61.5 ton," He said.
The company provides capital expenditure of Rp1.8 trillion (approximately US$ 210.157) to support this target will finance from generated internally cash.
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Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...
Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...
Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...
Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...
Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- The University of Queensland
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
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