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Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 net profit up around 50 percent and expects double digit revenue growth this year, president director Sukrisno said on Wednesday.
Mining firms in Indonesia, the world's largest exporter of thermal coal, are expected to benefit from improving external demand as the global economy recovers this year. "Unaudited net profit is estimated to have increased by 50 percent in 2009 from 1.7 trillion rupiah in 2008," Sukrisno told reporters. "We expect double digit revenue growth in 2010," he said.
Sukrisno also said the firm, Indonesia's third-largest listed coal miner by market value, saw opportunities for overseas acquisitions. Sukrisno told Reuters in an interview on Dec. 22 last year that the company expected its 2009 revenue to hit 9 trillion rupiah, compared to 7.2 trillion rupiah in 2008, as coal prices rose.
Indonesia's coal mining association told Reuters in January that coal prices have been rising too fast but will likely ease from April when weather becomes drier.
He also said shipments to China from Indonesia will climb this year. Bukit Asam exports about 30 percent of its output to Japan and Malaysia on long-term contracts, but also to South Korea, China and India on a spot basis.
Source: Reuters
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Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
Thursday, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
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- White Energy Company Limited
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- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
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- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Romanian Commodities Exchange
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- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
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- Coal and Oil Company - UAE
- The Treasury - Australian Government
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- Merrill Lynch Commodities Europe
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- Directorate General of MIneral and Coal - Indonesia
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- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
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- Holcim Trading Pte Ltd - Singapore
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- Bangladesh Power Developement Board
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
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- Aditya Birla Group - India
- Madhucon Powers Ltd - India
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- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Parliament of New Zealand
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- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- The University of Queensland
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- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
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- Maharashtra Electricity Regulatory Commission - India
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- Toyota Tsusho Corporation, Japan
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- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
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- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
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- Ministry of Finance - Indonesia
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- Jaiprakash Power Ventures ltd
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- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
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- Chamber of Mines of South Africa
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- McConnell Dowell - Australia
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- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
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