Buy PTBA, sell BUMI?
BUY PTBA!!!
Sorry kalo sdh baca.
To: <Undisclosed-Recipient:;>
Subject: Fw: PTBA dan BUMI
Date: Fri, 5 Oct 2007 07:50:24 +0700
PTBA: Propose a 28% increase coal selling price to Suralaya
PT Tambang Batubara Bukit Asam, a
state-controlled Indonesian coal miner, is in talks to raise the
price of supplies to a Java power plant that accounts for half of
its sales by 28 percent.
Bukit Asam is seeking to raise the price of coal sold to
Suralaya power plant to 480,000 rupiah ($53) a metric ton next
year, President Director Sukrisno said in Jakarta today. The
mining company increased the price for its largest customer 6.6
percent this year to 374,912 rupiah.
Coal prices have doubled in the past year and reached a
record $72.37 a ton in August at Newcastle port in Australia. The
gains were prompted by delays in shipments at the world's largest
export harbor for power station coal and by Japan buying more of
the fuel to compensate for a nuclear plant shutdown.
``The price will depend on how much Bukit Asam can provide
us,'' said Achmad Sadikin, operations director at PT Indonesia
Power, a unit of state utility PT Perusahaan Listrik Negara that
operates the power plant. The unit wants Bukit Asam to supply 6
million tons in 2008, an increase of 18 percent, he said.
Coal for immediate delivery at Newcastle rose $2.78, or 4.1
percent, to $70.20 a metric ton in the week ended Sept. 28,
according to the globalCOAL NEWC Index.
*****************************
BUMI : Cut its production output due to heavy rainfall
PT Bumi Resources, Asia's third-biggest coal producer by sales,
cut its estimate for output this
year by about 2 percent after heavy rains hampered production
and transportation at several mines, an executive said.
Bumi, which said Aug. 6 output may be 58 million metric
tons, may instead produce 57 million tons, Dileep Srivastava,
head of investor relations, told reporters in Jakarta today.
``The rainfall was unusually high,'' he said.
The rains in August and last month forced companies,
including Thailand's Banpu Pcl and Straits Asia Resources Ltd.,
to miss contracted shipments from mines in southern Borneo,
boosting coal prices. Bumi, which has said it won't renege on
shipments, has offered contractors incentives to step up output.
Bumi plans to sell between 63 million tons and 65 million
tons of coal next year, Srivastava said. The Jakarta-based
company also expects the fuel to fetch an average price of $50 a
ton next year compared with an estimated $43 this year, he said.
Borneo is a Southeast Asian island shared between Indonesia,
Brunei and Malaysia.
Regards
Made Satyaguna
AAA Securities
Artha Graha Bld 26/F
Jl. Jend Sudirman Kav. 52 - 53 Jakarta 12190
Ph. : +62-21-5152640 ext 208
Fax : +62-21-5153608
This email and any attachments are confidential and may also be privileged.
If you are not the intended recipient of this message you must not directly or
indirectly use, reproduce, distribute, disclose, print, reply on, disseminate,
or copy any part of the message or its attachments and if you have received
this message in error, please notify the sender immediately by return e-mail or
delete it from your system. Any opinions contained in this message are those of
the author and are not given or endorsed by PT Andalan Artha Advisindo
Sekuritas unless otherwise clearly indicated in this message, and the authority
of the author to act for and on behalf of PT Andalan Artha Advisindo Sekuritas
is duly verified.
---------------------------------
Need a vacation? Get great deals to amazing places on Yahoo! Travel.
