Indonesian business news & current issues from Bisnis Indonesia

Tagged with keyword : coal

BUMI still notes a US$3.79 billion debt

JAKARTA: PT Bumi Resources Tbk, which is affiliated with the Bakrie Group, recorded a total of US$3.79 billion of debt maturing until 2017 and are planning a number of strategies to reduce them.

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Berau Coal's sales hit by China's economic downturn

JAKARTA: The third 2012 coal sales for PT Berau Coal Energy Tbk declined to 4.8 million tons from 5.3 million in second quarter of 2012, while its average selling price declined 5.2% on a...
Government cut coal DMO

JAKARTA: The government cut coal allocation for domestic market obligation (DMO) this year about 15 million tons from 82.07 million tons which originally planned to be only 67.25 million tons.

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ADARO’s revenue declines by 5.8%

JAKARTA: Coal miner PT Adaro Energy Tbk’s revenue decreased by 5.8% throughout the first nine months of 2012 due to smaller sales volume.

As written on its unaudited financial report,...
Berau Coal Sales Volume Declines 12%

JAKARTA: PT Berau Coal Energy Tbk posted a decline in coal sales by 12% during QIII/2012 as the demand decreased.

According to the interim report published at Bumi Plc website on Wednesday...
COAL PRODUCTION: Target of 342 Million Tons Hard to Accomplish

JAKARTA: The Ministry of Energy and Mineral Resources recorded coal production during January-August 2012 slightly increased 3,8% compared to the same period in 2011.

Director of Coal Consession at...
PTBA eyes 16 million ton coal production

JAKARTA: PT Bukit Asam is optimistic can meet production target at 16 million ton, despite production in first half did not reach half of its initial target.

The company will work hard...
MEDCO ENERGI ships 38,000 tons of coal to China

JAKARTA: PT Medco Energi International Tbk managed to ships 38,000 tons of coal to China from the company’s first mine in Nunukan, East Kalimantan.

As quoted from the official statement...
Indonesian Gov’t formulizes rig specifications for COAL BED METHANE

JAKARTA: The government formulized specifications for the rig of coal bed methane (CBM) wells in order to immediately produce the gas.

Director of Engineering and Environmental Oil and Gas Edi...
Fitch Ratings affirms Adaro Indonesia at BB+

JAKARTA: Fitch Ratings has affirmed Indonesian coal producer, PT Adaro Indonesia's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BB+’ with stable...
Preparing a buyback, Resource Alam Indonesia stock drops 56%

JAKARTA: Indonesia coal producer owned by Adijanto family, PT Resources Alam Indonesia Tbk (KKGI), plans to buyback a maximum 10% shares amounting IDR200 billion.

The buyback plan is done...
Harum Energy realized 30% capex

JAKARTA: PT Harum Energy Tbk, a coal producer owned by Kiki Barki, has realized 30% capital expenditure from US$30 million allocated this year for construction of facilities and purchasing of...
Renuka Coalindo to build new dock

JAKARTA: Newcomers to the coal business, PT Renuka Coalindo Tbk (SQMI) plans to increase production to 5 million metric tons in 2016.

Finance Director Renuka Shantanu Lath said the company has...
Renuka Coalindo books IDR5.4 billion net losses

JAKARTA: PT Renuka Coalindo Tbk, a company engages in coal trading services, booked US$571,913 net losses or IDR5.4 billion during the second quarter of 2012, after diverting its business to mining...
MARKET MOVING: Coal sector to get tax holiday

JAKARTA: Government is ready to help coal mining company by providing tax holiday following the declining coal price in international market to US$89.90 per ton.

In fact, the commodity...
ATLAS RESOURCES supplies coal to PLN

JAKARTA: PT Atlas Resources Tbk’s subsidiary signed an agreement to supply 429,000 tons of low rated coal per annum to PT Perusahaan Listrik Negara.

The ARII-coded company stated that its...
GOLDEN EAGLE seeks US$45 million for coal development

JAKARTA: PT Golden Eagle Energy Tbk (SMMT) is seeking for US$40 million to US$45 million investments as capital expenditure for coal business development in its subsidiary in South Sumatra.

The...
BERAU COAL invests US$280 million

JAKARTA: PT Berau Coal is ready to construct a 2x20 MW Steam Power Plant and a 43 kilometer overland conveyor with a total investment of US$280 million.

To finance the two projects, the company...
COAL production of South Sumatra may reach 25 million tons

PALEMBANG: South Sumatra’s coal production is predicted to reach 25 million tons in 2013 following the government target to finish coal railway in the end of this year.

Izromaita, Head of...
GARDA BUANA: Strategy to keep survive amid global coal price decline

JAKARTA: Management of PT Garda Tujuh Buana Tbk is not worrying the decline trend in coal price which may influence the performance of the coal company since it uses long trem contract as the...