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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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Monday, 25 June 12
RIO TINTO MAKES FIRST COAL SHIPMENT FROM MOZAMBIQUE
Rio Tinto has started exporting premium hard coking coal from its Benga Mine in the Moatize Basin in Mozambique. The first shipment of 34,000 tonnes ...
Sunday, 24 June 12
SUPRAMAX FREIGHT MARKET FIRMED UP FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - This week all the segments gained and marked was firm in the Supramax and Handy size sector, where as the Cape and Panamax inde ...
Saturday, 23 June 12
COAL PRICES APPETITE FOR ROLLER-COASTER RIDES
COALspot.com - SGX AsiaClear OTC Coal Swaps have suffered something of a roller-coaster ride in terms of prices during this week. SGX’s Indone ...
Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI
COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no ...
Friday, 22 June 12
GLOBAL ACTION NEEDED ON ENERGY POVERTY - WORLD COAL
Eradicating energy poverty is possibly the biggest challenge facing the world today. Like climate change it can only be addressed with a concerted g ...
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- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Planning Commission, India
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
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