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Sunday, 18 March 12
BUKIT ASAM'S NET PROFIT IN 2011 ROSE 54% TO US$ 339.56 MILLION
 COALspot.com - Company revenue for the period January - December 2011 amounting to Rp 10.6 trillion (approximately US$ 1,164,835,164.84) recorded an increase of 34% compared with the same period of the previous year to Rp 7.9 trillion (approximately US$ 868,131,868.13 ). Increased revenues for the year 2011 was strongly influenced by the increase in sales volume, increase in export prices and domestic as well as the efficiency of the company operations, according to the companies press release issued early this month.
Sales volume of Bukit Asam in 2011 has rose 4%, from 13 million tons in 2010 to 13.5 million tons in 2011. Domestic market sales volume also rose 4% to 8.8 million tons and export market remained at 4.7 million tons. Meanwhile, the composition of coal sales for the period January to December 2011 consists of 65% for domestic market and 35% export market, the report further said.
Selling price of the weighted average for the domestic market for the period January to December 2011 was at Rp 755,220 (approximately US$ 82.99) - per ton, up 23% compared with the weighted average selling price in the same period in 2010 which was at Rp 612,366 ( approximately US$ 67.29 ) - per ton .
Weighted average selling price for export market for the period January to December 2011 was at USD 101.04 per ton, compared with the weighted average selling price for the same period of the previous year of USD 67.50 per ton.
Company's coal production for the period January - December 2011 has increased to 12.95 million tons (including the subsidiary of IPC production in Kalimantan) or an increase of 4% in 2010 compared to 12.5 million tons over the last year.
PT. Bukit Asam also upgrading Port of Tarahan to handle 25 million tons per annum by 2013. By adding two RCD (Rotary Car Dumper), a ship loader and a new jetty which is capable to accommodate the Cape size vessels (150,000 DWT), the port is expected to handle 25 million ton of coal per annum. The existing port facilities can handle only Panamax vessel.
The Tarahan port upgrading is expected to be completed by 2013.
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Tuesday, 31 January 12
THERE ARE MANY GOOD REASONS FOR COAL IN GERMANY - DR CIESLIK
COALspot.com - "The year 2011 was again marked by many changes on the markets and energy policies, at times in line with expectations, but at o ...
Tuesday, 31 January 12
DRY BULK MARKET KEEPS FALLING FOR WORST MONTH IN YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn't manage to put a halt in its downfall, with the industry's benchmark, the BDI (Baltic Dry Index), posting yet another fa ...
Monday, 30 January 12
CHINA'S HUNGER FOR COAL LEAVES DENT IN PENNSYLVANIA'S SUPPLY - THOMAS LESKIN
With the price of heating oil on the rise, one of Pennsylvania's greatest natural resources - coal - is in high demand, and not just locally.
Et ...
Saturday, 28 January 12
WILL FREIGHT MARKET STABILIZE FROM NEXT WEEK?
COALspot.com - The markets continued to soften with BDI at 663 points down by 15.78 pct closing at 726 points and cape index was down by 5.73 pct cl ...
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 ...
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