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Monday, 20 April 09
PT PAMAPERSADA SEES ITS REVENUE TO CLIMB BY 20% IN 2009 - STEELGURU
PT Pamapersada Nusantara, a unit of Indonesia's PT United Tractors, said that its 2009 profit will be similar to last year, even as it forecasts revenue to climb 20% as it mines more coal for its customers.
Mr Dwi Priyadi VP of PT Pamapersada said that it projects revenue to climb to IDR 18 trillion in 2009 from IDR 15 trillion in 2008, while rising costs mean net profit will probably be similar to last year's IDR 1.4 trillion.
He said that it may mine 65 million tonnes of coal in 2009 for its customers, including PT Kideco Jaya Agung, PT Tambang Batubara Bukit Asam and PT Kaltim Prima Coal as compared with 59 million tonnes in 2008. He added that it will produce 3.5 million tonnes of coal from its own mine.
Mr Priyadi said that to add production capability, it plans to allocate USD 350 million in capital spending this year, mostly to buy heavy equipments.
Source:http://steelguru.com/news/index/2009/04/17/OTA2MDA%3D/PT_Pamapersada_sees_its_revenue_to_climb_by_20%2525_in_2009.html
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Friday, 27 February 09
WIKA TO ACQUIRE MINING COMPANY
The Jakarta Post reported that, Public listed state construction firm PT Wijaya Karya (Wika) is to acquire a mining contracting firm in the first se ...
Friday, 27 February 09
COASTAL ENERGEN INKS PACT WITH CHINESE FIRM FOR POWER EQUIPMENT
My Digital Fc reported that, Dubai-based Coal and Oil Group, which is setting up a 1,200MW thermal power plant in Tamil Nadu, has tied-up with China ...
Thursday, 26 February 09
GMR INFRA COMPLETES INDONESIAN BUY
Blonnet reported that, GMR Infrastructure Ltd today confirmed the acquisition of an Indonesian coal mining company for a consideration of $80 millio ...
Wednesday, 25 February 09
INDONESIAN GOVERNMENT TO REGULATE MINIMUM COAL SELLING PRICES
The Jakarta Post reported that, To complement the recent enactment of the new mining law, the government is preparing to introduce a coal pricing in ...
Thursday, 19 February 09
GEOTHERMAL ENERGY DOMINATES 10.000 MW POWER PROJECT - ESDM
The role of coal as a source of energy is superseded by geothermal energy to power the second phase of the 10.000 megawatt (MW) power plant project. ...
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- The University of Queensland
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