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Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects revenue to increase by 20 percent next year from a year earlier as demand increases.
Dharma director Gani Bustan said after a shareholders’ meeting on Monday that the company’s revenue would grow to US$269 million in 2010 from the estimated $224 million this year on higher orders.
“We received more orders from buyers,” he said, adding most of the contracts came from Bumi.
During the meeting, shareholders approved a plan by the company to carry out a rights issue in January, when it is expected to offer up to 28.5 percent of its stake worth $66.1 million, Gani said.
Under the rights issue plan, shareholders can trade every five shares they own for two new shares at the price of Rp 100 for each share.
The standby buyer for the rights issue is local securities company PT Danatama Makmur.
Dharma will use 71.51 percent of the share issue proceeds for debt repayments, 20.88 percent for the company’s working capital and the remaining 7.61 percent to purchase heavy equipment.
The company’s total debts reached $193 million as of September, while its revenue dropped 8.7 percent to $151 million.
Net profits dropped by 95.79 percent in the third quarter of this year to $300,000 from $7.13 million in the same period in 2008 on the back of lower production and sales. To read more The Jakarta Post
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Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
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- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Australian Coal Association
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
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