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Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
 PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year thanks to rising demand from the mining sector.
“We have seen a recovery in the mining business. Therefore, the company is confident about booking higher sales this year,” said Sara K Loebis, the company’s corporate secretary.
Heavy machinery accounts for 40 percent of United Tractors’ revenue. Sales totaled 2,600 units in first nine months of 2009, down 31 percent compared with the same period in 2008. Total sales last year were projected to decline 28 percent from 2008.
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“We have seen a recovery in the mining business. Therefore, the company is confident about booking higher sales this year”
Sara K Loebis
Corporate Secretary, United Tractors
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United Tractors expects its mining contractor, PT Pamapersada Nusantara, to increase its coal production by 5.8 percent this year, to 72 million tons from 68 million tons last year. The company’s earnings as a contractor are based on output. United Tractors did not project 2010 revenue for Pamapersada Nusantara, whose contracting business provides 50 percent of its revenue.
The remaining 10 percent of United Tractors’ revenue comes from its coal mines. Its mining division is now negotiating for two concessions in Kalimantan, Sara said.
“The acquisition process is currently under way,” she said. “One mine is under price negotiation while the other mine is under due diligence.”
Sara said the company expected to sell 3.5 million tons of its coal in 2010.
In November, United Tractors said it would spend the bulk of its $430 million in planned capital expenditure this year on its contract-mining business.
“We will spend $30 million on our heavy machinery unit and $400 million on our contract-mining unit,” said Gideon Hasan, the company’s finance director.
The $30 million will be internally financed, he said, while the $400 million will largely come from vendor financing. Vendor financing refers to the lending of money by a supplier so a customer can buy its products.
Source: The Jakarta Globe
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Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
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Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
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- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Australian Coal Association
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- MS Steel International - UAE
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
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