Search Results
Strait Asia Resources Plans To Increase Coal Mine Production to 20 million tones by 2012
In Reuters news online reported, Singapore listed Straits Asia Resources aims to more than double its annual coal production to 20 million tonnes by 2012 and may acquire two Indonesian coal mines to achieve that target.
Coal Mining Exploration Forecast Probably not so hot anymore
The recent drop in the market price of coal from its record levels earlier this year will adversely impact earnings of Indonesian coal producers. Based on this factor, going forward, we expect weaker coal prices in line with the downtrend in oil prices, while higher supplies are expected on China’s higher exports as domestic consumption [...]
Coal Mining Exploration Company, Semirara Sees Strong Profit Growth
Semirara Mining Corporation, the country’s largest coal producer, expects its net profit to rise more than 20 percent this year and coal revenues to jump as much as 56 percent mainly due to higher coal prices and increased exports, the company’s chief executive said Tuesday.
Semirara hopes to sustain its double-digit profit and coal revenue growth [...]
Indonesian Mining Coal Mine Exploration $1.3 bln IPO gets OK for next week
The $1.3 billion initial public offering of PT Adaro Energy Tbk, Indonesia’s second-biggest coal miner by output, will go ahead this week after obtaining approval from the regulator, the lead underwriter said late on Friday.
The offering, Indonesia’s biggest, was delayed as the capital markets regulator Bapepam requested clarifications.
Some critics have complained about the proposed allocation [...]
Indonesia Antam to reduce dependence on nickel
But nickel is the main business of the company whose sales revenue more than quadrupled to 4.1 trillion rupiah ($451.1 million) – JAKARTA, Oct 3 – Indonesian state-owned miner PT Aneka Tambang plans to reduce its dependence on nickel and step up its gold and bauxite business in coming years, a senior company official said.
The [...]
The price of coal is poised to rebound on demand from China
The price of coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The country gets 78 percent of its electricity [...]
Coal Surge Seen by Mobius as China’s Imports Increase (Update2)
Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring [...]
