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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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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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- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- White Energy Company Limited
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Australian Coal Association
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
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