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Friday, 07 October 11
$100M FOR EXPANSION INTO KALIMANTAN MINING: AKR
 The Jakarta Globe, one of the leading English news paper in Indonesia reported that, AKR Corporindo, a fuel and chemical distributor, has set aside $100 million to finance its expansion plans, including a push to acquire a coal-mining plant in Kalimantan, a top executive said.
The company’s president director, Haryanto Adikusumo, said on Wednesday that AKR would also spend some of the funds that it raised from a sale in a plantation company to build roads and coal terminals in Kalimantan.
“This diversification aims to meet growing demand in Indonesia, India and China,’’ Haryanto said.
Jakarta-based AKR is also building a coal terminal at Kalimantan’s Timbau Bay to ferry coal to overseas markets like China, the president director added.
AKR’s coal sales are forecast to increase to 1.2 million tons in 2012 from around 200,000 tons this year. AKR already has a coal-mining plant in the area that started commercial operations in the middle of this year.
Haryanto said that AKR targets revenue to increase to Rp 18 trillion ($2 billion) this year from Rp 12 trillion in 2010. Its first-half revenue rose 74 percent to Rp 9.06 trillion from a year earlier. In the same period, its net income more than doubled to Rp 266 billion from Rp 94 billion.
AKR’s coal expansion is in line with moves by other Indonesian companies, such as vehicle distributor Astra International, that have announced massive expansion plans.
The acquisition of coal mining companies is a frequent choice, to benefit from the rising price of coal in the global market. Astra, the largest automotive retailer in Indonesia, has allocated $1.5 billion for investment, which includes the purchase of a coal miner next year.
AKR raised Rp 2.2 trillion from the sale of its stake in Sorini Agro Asia to agribusiness giant Cargill this year. Sorini is one of the world’s leading producers and suppliers of sorbitol and operates seven manufacturing facilities that are located in East Java and Lampung.
Shares of AKR rose 6.45 percent to Rp 62,475 on the Indonesia Stock Exchange on Thursday. The shares have risen 43 percent this year.
Source: The Jakarta Globe ( by: Faisal Maliki Baskoro)
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Saturday, 15 October 11
BUNKER PRICES AND DEMANDS PUSHED FREIGHT RATES UP - VISTAAR
COALspot.com - The market continued to be firm with all segments moving up with biggest gain in Handy size segment up by 15 pct. The BDI was u ...
Saturday, 15 October 11
BENGAL COAL IMPORT TEST - THE TELEGRAPH
The Telegraph reported that, the power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out ...
Friday, 14 October 11
CAPE DERIVATIVES MARKET HAS NOT REFLECTED OWNERS EXPECTATIONS' - FEARNBULK
Handy
The Atlantic market continued its upward trend, with fresh cargo entering the market. Skaw Passero to US Gulf climbed US$ 1500 from la ...
Friday, 14 October 11
ADARO BUYS SERVO MEDA FOR RP200 BIO - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) announced that its subsidiary PT Alam Tri Abadi (ATI), acquired 35% stake in PT Serv ...
Thursday, 13 October 11
DRY BULK MARKETS RALLY CONTINUES, BUT ANALYSTS WARN IT WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market continued its push forward yesterday, for yet another session, as the BDI (Baltic Dry Index), the industry’s benchmark edg ...
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- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- The University of Queensland
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Planning Commission, India
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Siam City Cement - Thailand
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
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