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Wednesday, 15 August 12
UT GENERATED RP 3.09 TRILLION NET INCOME
COALspot.com - As of June 2012 Indonesia’s heavy equipment market grew 14%, from 8,448 units to 9,618 units (based on UT’s internal market research).
All sectors showed positive growth except for the mining sector. The slowdown in mining sector was the result of downward trend of coal price and implementation of mineral (non-coal) export taxes. The condition is further exacerbated by increasing competition as the impact of slowdown demand in China that drove reallocation of heavy equipment supply to other countries, including Indonesia market. This is reflected in Komatsu sales volume which was down to 4,231 units or 2% below the volume in first half 2011, PT United Tractor Tbk said in its Investor Bulletin.
UT further said in its report, on the Mining Contracting business, commitment to precise execution of mining contracting services drove Pama to deliver 12% increase in coal production and 13% growth in overburden removal. On coal mining business, the Company increased the coal sales volume by 38% from 2.21 million tons to 3.05 million tons.
UT’s performance during first semester 2012 recorded 19% increase in consolidated revenue, from Rp 25.62 trillion (approximately US$ 2,694,570,000) in the first half of 2011 to Rp 30.61 trillion (approximately US$ 3,219,390,000). To this total net revenue, Construction Machinery contributed 46.6%, Mining Contracting contributed 41.9%, whereas the remaining 11.5% contribution was from Mining business unit.
The growth of net revenue was accompanied by growth of consolidated gross profit of 25%, reaching Rp 5.53 trillion (approximately US$ 581,615,000) from Rp 4.44 trillion (approximately $ 466,975,000). This rise is primarily obtained from increased gross profit contribution from Construction Machinery and Mining Contracting segment, while gross profit from Mining business was decreased due to lowered average selling price of coal. Overall, combined with some additional other expenses and income tax, caused the Company’s net profit to reach Rp 3.09 trillion (approximately US$ 324,989,000), or 22% above first half 2011’s profit of Rp 2.54 trillion (approximately US$ 267,143,000).
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Saturday, 01 September 12
PANAMAX FREIGHT RATES UNDER PRESSURE FROM LOW DEMAND - VISTAAR
COALspot.com - This week the freight market was weak with mixed results.
The BDI was down by 1.95 pct closing at 703 points, however there was so ...
Friday, 31 August 12
ADVERSE SHIPPING MARKET CONDITIONS SHORTENS LIFE SPAN OF VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The adverse conditions which have been put in place in the world's freight markets, means that ship owners are forced to scrap vessels of a much yo ...
Thursday, 30 August 12
INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 7K FOR DELIVERY SINGAPORE - FEARNLEYS AS
Handy
The Supra market continued its negative trend with little fresh business entering the market. Continent positions fixed around USD 4k for tri ...
Thursday, 30 August 12
DRY BULK MARKET STILL LOOKING OUT FOR BETTER DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With things in China moving slowly this week, as a result of holidays, it’s no surprise that the latest positive trend in the dry bulk market ...
Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART TWO - JOSEPH KIRSCHKE
One of the most prominent casualties of Canada's entry into the Colombian mining sector has been a priest named Jose Reynal-Restrepo. Last Septembe ...
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- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Australian Coal Association
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
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