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Tuesday, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES


Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net profit last year, a 50% jump from 2010's figure of Rp2 trillion (approximately US$ 223,713,646).

Bukit Asam's revenue is calculated to reach Rp11 trillion (approxiamtely US$ 1,230,425,055), a 39.24% jump from 2010's position at Rp7.9 trillion (approximately US$ 883,668,903).

President Director Milawarma, as quoted by Kontan daily, said the steep increase last year was underpinned by higher coal sales volume and sales price. Bukit Asam sold 12.09 million tons last year, a 4.6% increase from a year earlier.

Bukit Asam targets to sell 18.6 million tons of coal this year. "We estimate the sales price to rise by 5%-10% this year." The company will boost its production to 16.3 million tons this year, a 34.82% increase from last year.
Source: Insider Stories



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Recent News

Wednesday, 22 February 12
RAW COMMODITY EXPORT BAN SPARKS SMELTER BUILDING BOOM IN INDONESIA ANTARA / THE JAKARTA GLOBE
Antara /  The Jakarta Globe reported that, as the government gears up to ban all exports of unprocessed commodities, Indonesia will see 12 new ...


Tuesday, 21 February 12
THREAT ISSUED ON MINERAL FIRMS AS GOVT PLANS EXPORT BAN - THE JAKARTA POST
The Jakarta Post, one of the leading english news papaer in Indonesia reported that, the government has given mineral producers three months to subm ...


Monday, 20 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU
The dry market experienced one more disappointing week with tonnage oversupply and limited cargo demand that pushes earnings for shipping players to ...


Monday, 20 February 12
JATENERGY SECURES FIRST 8000-TONNE COAL SALES CONTRACT FOR JONGKANG MINES
8000-tonne contract with Singaporean buyer signed for March delivery 50% down payment due in five working days Production continues at both Jongka ...


Monday, 20 February 12
DIAN SWASTATIKA ACQUIRES ANDALAN LESTARI - INSIDER STORIES
Insider Stories reported that, PT Dian Swastatika Sentosa Tbk (DSSA), controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 99.83% takeove ...


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