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Wednesday, 25 July 12
BUKIT ASAMS H1 REVENUE JUMPED BY 13 PERCENT
 COALspot.com - PT Bukit Asam (Persero), Tbk., the state owned coal miner's revenue in H1 2012, has jumped 13 percent to IDR 5.79 trillion (approximately US$ 612.050 million) or an increase of 13 percent YoY. According to company, this increase was primarily due to higher production and sales volume.
The weighted average selling price of coal for the period January - June 2012 was at IDR 785,043 (approximately US$ 82.98) per ton or 0.5 percent higher than the selling price over the same period in 2011. PTBA’s weighted average selling price was in H1 of 2011 was around IDR 781,228 (approximately US$ 82.58) per mt
Coal transport by Rail
According to company’s unaudited financial statement released today, 5.85 million tons of coal has been transported via railway for the period January - June 2012, which was up by 4 percent compared to the coal transported in the same period in 2011. PTBA has transported 5.63 million tons of coal H1 2011.
Sales Volume
January to June 2012, the company's sales volume has increased by 13 percent to 7.36 million tons, from the same period in 2011. Out of 7.36 million tons of coal around 57 percent of coal has been supplied to domestic market and remaining 43 percent has shipped to overseas.
PTBA’s 2011 coal sales was only around 6.54 million tons.
Coal Production and Purchase
The company's coal production has jumped 14 percent (YoY) to 7.08 million tons during 1st half this year, including from its subsidiary IPC’s 0.40 million tons. The same period last year PTBA has produced only 6.19 million tons.
PT. Bukit Asam also has brought more coal from third parties during first half this year. Third party coal purchased has jumped 114 percent to 810,000 MT for the first half of 2012.
Company has successfully maintained its average stripping ratio at lower level during first half this year. The current low coal price might not affect the performance of company as PTBA’s 1st half average stripping ratio was at 4:1. However the H1, 2012 average stripping ratio was slightly higher compare to same period in 2011.
Operating Profit
Operating profit of the company over the period January-June 2012 was IDR 1.87 trillion (approximately US$ 197,674,418.60), slightly lower than IDR 1.97 trillion (approximately US$ 208,245,243.12) (YoY).
Net Profit
The Company's Net Profit for the period January - June 2012 was IDR 1.56 trillion (approximately US$ 164,904,862.57), slightly lower compared to Rp 1.61 trillion (approximately 170,190,274.84) over the previous period.
According to company’s unaudited financial statement In the period of January to June 2012, the Gross Profit Margin (GPM), Operating Profit Margin and Net Profit Margin were at 46%, 32% and 27%, respectively, down compared to YoY which were 52.5%, 38.5% and 31.5% respectively.
In addition, the ROI rose from 20% to 21% and ROA remained unchanged at 14%.
About PT. Bukit Asam
The coal mining in Tanjung Enim was initiated by the Dutch Colonial Government in 1919 by operating the first coal mine using open pit mining method in Air Laya.
Using underground mining method, initial operation commenced in 1923 and lasted until 1940, while commercial production began in 1938.
When the Dutch Colonial period ended in Indonesia, the mining workers fought for the nationalization of the mines. In 1950, the Indonesian Government approved the establishment of State-Owned Bukit Asam Coal Mine or Perusahaan Negara Tambang Arang Bukit Asam (PN TABA).
In1981, PN TABA converted its status to a limited liability company under the name of PT Tambang Batubara Bukit Asam (Persero) Tbk, further called the Company. To develop coal industry in Indonesia, in 1990 the Government merged Perum Tambang Batubara with the Company.
In line with the national energy security development program, in 1993 the Company was assigned by the Government to develop coal briquette business.
On December 23, 2002 the Company became a publicly listed company on the Indonesian Stock Exchange under the code of “PTBA”.
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Friday, 01 June 12
ADARO BUYS MAJORITY STAKE IN AFFILIATED BHAKTI ENERGI - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk entered into an option to provide a convertible loan of up to US$500 million for a period of 3 ye ...
Thursday, 31 May 12
DRY BULK MARKET UNABLE TO FIND NEW SUPPORT TO REACH HIGHER LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been unable to find new support and recover to higher levels during these past few days. As a result, the Baltic Dry Index ( ...
Wednesday, 30 May 12
ORPHEUS RAISES $2.24M TO ADVANCE INDONESIAN COAL PRODUCTION ASSETS
• $2.24 million raised from a placement to new and existing institutional and sophisticated investors from Australia and overseas
• Funds ...
Wednesday, 30 May 12
ARPENI SECURES TRANSSHIPMENT CONTRACT FROM BARUNA DIRGA
Insider Stories reported that, shipping operator PT Arpeni Pratama Ocean Line Tbk (APOL) has secured a 1-year coal transhipment contract of 4 millio ...
Monday, 28 May 12
COAL EXPORTS ARE JUMPING HIGHER, BUT PRICES ARE FALLING LOWER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31.86* million tons of coal in April 2012, compared to 30.64* million tons i ...
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- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- White Energy Company Limited
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
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