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Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales volume and lower production costs.
Bayan director for corporate affairs and corporate secretary Jenny Quantero said on Thursday that gross profit would reach Rp 1.75 trillion (US$171.5 million) this year from Rp 939.5 billion.
"This is mostly because of an increase in production volume and a drop in production costs," she said.She said the company had signed contracts to deliver 10 million tons of coal for clients in Korea, Japan, Taiwan, Malaysia and India this year as opposed to only 5.9 million tons sold last year.
Therefore, the company's revenue would increase by 32.6 percent to Rp 6.5 trillion this year.
She added the drop in production costs, estimated to reach between $50 and $55 a ton this year, lower than $71 in the fourth quarter last year on the back of lower oil prices, would contribute to the rise in revenue
Bayan president director Chin Wai Fong said the company would start producing briquettes from its new upgraded coal plant at a rate of 300,000 tons this year.
"The volume has been included in the sales volume target for this year," Fong said.
He said that the new plant would be the first one in Indonesia, explaining that the technology would enable the company to process low-grade coal to make it more valuable. The $68-million plant would start operations in the third quarter of this year.
Source: The Jakarta Post (http://www.thejakartapost.com/news/2009/06/25/bayan-targets-gross-profit-rise-862-percent.html)
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Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...
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- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
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- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
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- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
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- Altura Mining Limited, Indonesia
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- SMC Global Power, Philippines
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- Economic Council, Georgia
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- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
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- Mjunction Services Limited - India
- Singapore Mercantile Exchange
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- Central Electricity Authority - India
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- Wilmar Investment Holdings
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- Sree Jayajothi Cements Limited - India
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- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Indian Oil Corporation Limited
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- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
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- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
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- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
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- Star Paper Mills Limited - India
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- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Ministry of Finance - Indonesia
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- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
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- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
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- Africa Commodities Group - South Africa
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- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- GMR Energy Limited - India
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- Leighton Contractors Pty Ltd - Australia
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- Semirara Mining Corp, Philippines
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- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
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- Parry Sugars Refinery, India
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
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- Bangladesh Power Developement Board
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- Aditya Birla Group - India
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