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Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
 The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it improves rail networks for the transportation of coal.
The company may sell as much as 15 million tons of coal next year, an increase from its target of 13.5 million this year, as it expects to transport more coal after purchasing of new locomotives, corporate secretary Achmad Sudarto said Monday night. "We hope that with better transport we can sell more coal."
The improvement in the transportation system is expected to help the company capitalize on a rise in production in 2010, when coal output is expected to reach up to 14 million tons from the expected 11 million tons this year.
The company sells coal not only from its own mines but from trade.
Aiming to increase production in near future, PT BA is in the process of acquiring two mining companies in Kalimantan under a deal estimated to be worth US$150 million.
"We hope we can settle the deal before the end of this year," Sudarto said, adding the company would finance the acquisition with internal funds.
The acquisitions are aimed at helping the company meet its production target of 50 million-tons in the next three to four years.
PT BA produced 5.6 million tons of coal in the first half this year, a 20-percent rise on 2008. It sales volume was unchanged at 5.8 million tons, of which 73 percent was allocated to the domestic market. The company's latest financial report showed its net profit soared 124 percent to Rp 1.59 trillion ($159 million) in the first half of this year, on the back of higher coal prices.
The company said that the average selling price rose 55.7 percent to Rp 768,553 a ton.
Sudarto said that the performance of the company in the next half "will be so much better" on the back of increasing sales volume, which is expected to reach 13.5 million tons this year, a 5.5-percent increase on 2008.
Sudarto also unveiled a target for the completion of 30-megawatt coal-fired power plant in South Sumatra in first quarter of 2011. The plant, Sudarto said, will cut operational cuts.
The company needs 23 megawatts of electricity to support its production activities.
Source: The Jakarta Post
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Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
Wednesday, 07 October 09
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
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- MS Steel International - UAE
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- Tamil Nadu electricity Board
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- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
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- Grasim Industreis Ltd - India
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- Central Java Power - Indonesia
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- Australian Commodity Traders Exchange
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- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
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- Sical Logistics Limited - India
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- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
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- Thai Mozambique Logistica
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- Coastal Gujarat Power Limited - India
- Australian Coal Association
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- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
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- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
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- Larsen & Toubro Limited - India
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- International Coal Ventures Pvt Ltd - India
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- Coal and Oil Company - UAE
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- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Eastern Energy - Thailand
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- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
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- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
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- Parliament of New Zealand
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Cement Manufacturers Association - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Economic Council, Georgia
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- Timah Investasi Mineral - Indoneisa
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- Medco Energi Mining Internasional
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