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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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Friday, 27 January 12
DEMOLITION ACTIVITY NEEDS TO INCREASE SIGNIFICANTLY THIS YEAR AS WELL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of vessels in most shipping sectors is so intense that it’s become clear to ship owners that unless they scrap as many of their ...


Thursday, 26 January 12
ABM INVESTAMA SEALS US$100 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, PT Reswara Minergi Hartama, a subsidary of PT ABM Investama Tbk (ABMM), has sealed a 2 million tons of coal export co ...


Thursday, 26 January 12
DRY BULK MARKETS DOWNFALL KNOWS NO LIMITS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s demise seems to have no visible end, as China’s Lunar Year Holidays continue this week, thus leaving demand with n ...


Wednesday, 25 January 12
CLEAN AND CLEAR MINING PERMITS TO BE COMPLETED END OF 2012 - BISNIS.COM
Bisnis.com reported that, the government plans to announce 700 mining permits with "clean and clear" status without overlapping on other p ...


Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into ...


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