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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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Friday, 22 January 10
ENERGY ADVISORY COUNCIL MULLS - COAL EXPORT BAN
The National Energy Council, which advises the House of Representatives and the president on energy issues, has begun to debate a proposal to ban ex ...
Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy&nb ...
Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture w ...
Friday, 22 January 10
SHENHUA ENERGY 09 YIELDED 210MN TONS COMMODITY COAL
China Shenhua Energy Co., Ltd. yielded 210 million tons of commodity coal in 2009, hiking 13.2% year on year, the Chinese energy titan announced tod ...
Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
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- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
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- Romanian Commodities Exchange
- Indika Energy - Indonesia
- The University of Queensland
- Wood Mackenzie - Singapore
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- Maharashtra Electricity Regulatory Commission - India
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- Altura Mining Limited, Indonesia
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- Meenaskhi Energy Private Limited - India
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- VISA Power Limited - India
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- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
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- Mintek Dendrill Indonesia
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- New Zealand Coal & Carbon
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- TeaM Sual Corporation - Philippines
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- Ministry of Transport, Egypt
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- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Minerals Council of Australia
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- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Planning Commission, India
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
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- CNBM International Corporation - China
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
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- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
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