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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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Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
Monday, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Monday, 05 October 09
BANPU EYES INCREASE IN COAL OUTPUT
The Nation reported that, Banpu plans to boost its coal output to 23 million tonnes next year once production begins at the East Block of its Indomi ...
Monday, 05 October 09
COAL TRADING C&O TO INVEST $100 M NEXT YEAR
The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mi ...
Sunday, 04 October 09
INDONESIAN COAL EXCHANGE FOR PRICE BENCHMARKING IN OFFING
Reuters cited Mr Bob Kamandanu chairman of the Indonesian Coal Producers Association as saying that Indonesia plans to set up a coal exchange to cre ...
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- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
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- European Bulk Services B.V. - Netherlands
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- Orica Australia Pty. Ltd.
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- Planning Commission, India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
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- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
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- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
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- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
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- Electricity Generating Authority of Thailand
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- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
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- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Xindia Steels Limited - India
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
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