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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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Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART ONE - JOSEPH KIRSCHKE
COALspot.com - Colombia stands before one of the potentially largest, most diversified mining booms in the world. Untold reserves of gold, coal, cop ...
Wednesday, 29 August 12
SECOND HAND VESSELS IN HIGH DEMAND DESPITE SUMMER SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the slow summer season, ship owners appear to be rather keen in acquiring some modern second hand tonnage at "knock-down" prices. ...
Monday, 27 August 12
BUMI BOOKS $322.1 MILLION NET LOSS IN 1H 2012 IN SPITE OF 8.6 PERCENT INCREASE IN SALES REVENUE
PT Bumi Resources Tbk, the single largest coal producer and exporter in Indonesia announces its first half financial report for the ...
Monday, 27 August 12
OVER 200 FOREIGN COMPANIES AND ENERGY MAJORS EXPECTED AT 2ND MOGP SUMMIT IN YANGON
Singapore based CMT and Machinery & Solutions Co. Ltd (M&S) announce that the 2nd MOGP Summit will be held on 3-6 September at the Sedona ho ...
Sunday, 26 August 12
SOUTH AFRICAN COAL OVERVIEW
South Africa's indigenous energy resource base is dominated by coal.
Internationally, coal is the most widely used primary fuel, accounting for ...
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- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Parliament of New Zealand
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- White Energy Company Limited
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
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