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Wednesday, 07 December 11
ABM INVESTAMA EYES RP6.3 TRIO REVENUE - INSIDER STORIES


Insider Stories reported that, an energy integrated company PT ABM Investama Tbk is eyeing  a 1.5 folds increase in revenue this year from Rp4.2 trillion last year.

Referring to the targer, the revenue is expected to reach Rp6.3 trillion. The higher revenue will be fully underpinned by expansion to jack up coal production, said ABM President Director Andi Djajanegara.

In the first half of this year, ABM booked Rp1.2 trillion revenue with the biggest contributor remains a mining contractor dubbed PT Cipta Kridatama.  Cipta Kridatama has secured seven mining contracting project worth US$700 million-US$1 billion. "We will get two or three other contracts next year,he said.

ABM Investama owns coal miner PT Reswara Minergi Hartama which operates two concessions in Kalimantan and Aceh. Coal production may reach 2,7 million tons this year and target 66%-103% increase to 4.5 million tons-5.5 million tons. During the first debut in the stock market, ABM Investama inched up 2% to Rp 3,825 per share.
Source: Insider Stories



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Thursday, 01 December 11
DRY BULK MARKET RISES TO NEW HEIGHTS ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on rising this week, with the industry’s benchmark, the Baltic Dry Index (BDI) climbing to 1,846 points on Wednes ...


Tuesday, 29 November 11
SOUTH AFRICAN COAL INTO CHINA, THE ACTIVITY WAS SLOW - BRS
Capesize The Capesize market in Atlantic stayed pretty firm last week with transatlantic rounds being fixed in the high twenties. Sentiment was les ...


Tuesday, 29 November 11
GOLDEN GATE BRIDGE OF INDONESIA COLLAPSED AT KUKAR, EAST KALIMANTAN
COALspot.com - A suspension bridge in Indonesia’s east Kalimantan province over the Mahakam river collapsed on Saturday, killing at least elev ...


Tuesday, 29 November 11
BUKIT ASAM SCOUTS RP3 TRILLION PROFIT - INSIDER STORIES
The state-controlled coal miner PT Bukit Asam Tbk (PTBA) expects to post a Rp3 trillion net income this year, reaching its target which is 50% above ...


Tuesday, 29 November 11
DRY BULK MARKET BEGINS WEEK ON HIGHER NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Contrary to what had been the case during the past few weeks, this one began on a high note for the dry bulk market, with the Capesize sector pullin ...


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