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Monday, 16 March 09
COAL MINER BUKIT ASAM RECORDS 135% GAIN IN NET PROFIT FOR 2008 - THE JAKARTA GLOBE


Indonesia's state-owned coal miner PT Tambang Batubara Bukit Asam Tbk said its net profit jumped 135 percent last year, having sold more coal at higher prices.

The company, which holds about a quarter of the country’s coal reserves, said its audited net profit surged to Rp 1.71 trillion ($141.9 million) last year. Sales rose 75 percent to Rp 7.23 trillion.

“The rise in profit was due to the higher volume and price of coal sales,” Eko Budhiwijayanto, Bukit Asam’s corporate secretary, said late on Wednesday.

Eko said the company had sold 12.8 million tons of coal in 2008, an 18 percent rise over the 10.8 million tons sold a year earlier.

“Around 65 percent of the company’s coal was sold in the domestic market, with the remaining 35 percent sold overseas,” Eko said. To read more please click here



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Wednesday, 29 April 09
NEW GOV'T REGULATION SHOULD INCORPORATE CONFLICT SETTLEMENT BODY - ICMA (MAJALAH TAMBANG)
A draft government regulation on mineral and coal is currently in a process of completion. The Indonesian Coal Mining Association (ICMA) proposed th ...


Tuesday, 28 April 09
S'PORE COURT RULES AGAINST DEUTSCHE ON ASSET SALE - REUTERS
Singapore's highest court has ruled that Deutsche Bank (DBKGn.DE) may have to pay unspecified damages to an investment firm as it did not get the b ...


Tuesday, 28 April 09
WORLD THERMAL COAL PRICE EXPECTED TO CRASH - PURCHASING.COM
Macquarie Bank sees 50% drop to $60/ton in 2009 Macquarie Bank today forecast the 2009 average market price for world thermal coal at $60/ton, a ...


Tuesday, 28 April 09
THAI LANNA TO OPEN NEW INDONESIAN MINE BY Q3 - REUTERS
Thailand's Lanna Resources PCL LANN.BK said on Monday it planned to open a new coal mine in Indonesia by the third quarter of 2009 with an initial ...


Tuesday, 28 April 09
SOUTH AFRICAN EXPORT COAL RETREATS ON WEAKER EUROPEAN DEMAND - BLOOMBERG
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, fell for a second co ...


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