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Tuesday, 21 June 11
SURGE IN PRODUCTION AND PRICES TO PUSH BUKIT ASAMS NET PROFITS ABOVE RP 3T - THE JAKARTA GLOBE
 State-owned coal company Perusahaan Tambang Batubara Bukit Asam expects its net income to increase about 50 percent this year on the back of rising coal prices and higher production, a company executive said.
Profit at Bukit Asam may rise to more than Rp 3 trillion ($348 million) this year from Rp 2 trillion last year, the coal miner’s president director, Sukrisno, said on Monday.
“As coal production and prices increase, I believe that we can earn a net profit of more than Rp 3 trillion this year,” Sukrisno said at the hearing at House of Representatives Commission VII, which oversees energy affairs.
Bukit Asam’s coal production is projected to increase 34 percent to 17.6 million tons this year, he said.
The average coal price was Rp 615,000 per ton last year, he said, without providing any forecasts for this year.
Bukit Asam spokesman Ahmad Sudharto said the increase in global coal prices and production helped it post a surge in its first-quarter net income. Net income for the quarter doubled to Rp 800 billion from Rp 400 billion a year earlier. The average coal price surged 35 percent to Rp 751,000 per ton in the first three months of this year.
Pardomuan Sihombing, an analyst from Recapital Securities, said Bukit Asam was likely to meet its income target of Rp 3 trillion this year as its coal production increased.
“Coal companies, on average, are showing good revenue growth,” Pardomuan said.
Shares in Bukit Asam dipped 0.1 percent to Rp 20,550 on the Indonesia Stock Exchange in Monday trading.
To meet rising production, Bukit Asam expects state-owned railway company Kereta Api Indonesia to add more cars to deliver coal from its mining plant on Sumatra, Ahmad said.
KAI handles the miner’s coal shipments, carrying 11.5 million tons per year. Sukrisno said Bukit Asam would upgrade the capacity of its existing coal railway in Sumatra this year to transport 22.7 million tons annually.
Source: The Jakarta Globe (By Ririn Radiwati Kusuma)
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Thursday, 23 June 11
DRY BULK MARKET KEEPS EXHIBITING SIGNS OF WEAKNESS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be unable to climb at new highs this week, showing signs of weakness, across most ship types. Yesterday, the Baltic Dry ...
Wednesday, 22 June 11
BOOMING INDONESIAN COAL EXPORTS - BLEEDING INDIAN POWER INDUSTRY
COALspot.com - Indonesia shipped 28.962 Million tons of coal in May 2011, up by 15.86 percent compared to April export of about 24.995 m ...
Tuesday, 21 June 11
COURT BATTLE PUTS MASSIVE COAL PROJECT IN JEOPARDY - KOREA JOONGANG DAILY
As Korean companies race to exploit Indonesia’s abundant natural resources, two companies have been locked in a court case that has become so ...
Tuesday, 21 June 11
DRY BULK MARKET TURNS RED AGAIN ON VESSEL OVERSUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk entered this week on a negative turn, with the industry’s benchmark the Baltic Dry Index (BDI) retreating by 0.35% to end the ses ...
Monday, 20 June 11
KPCL SETS ALL INDIA & POSSIBLY A WORLD RECORD FOR COAL DISCHARGING
COALspot.com - Krishnapatnam Port has set an all India record for discharging 95,528 tons of steam coal in just 24 hrs using the conventional unload ...
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Showing 5216 to 5220 news of total 6871 |
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- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- The University of Queensland
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
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