Many companies aggressively expanding into coal
Jakarta-Demand for coal that never ebbs and rising prices made many companies aggressively expanded its business into the coal mine.One of them is Intraco Penta Tbk PT.Intraco at the beginning of this year will realize the proposed acquisition of coal mines in East Kalimantan.
According to Petrus Halim, President Director of Intraco, to smooth out these plans, Intraco will form a subsidiary specialized in coal mines. The establishment of this new venture will be presented at the Annual General Meeting of Shareholders, beginning the second quarter of 2012.
After that, new Intraco be budgeted capital expenditure for expansion. "During this dive Intraco been the service sector in coal mining, but fortunately for granted. Well, after we calculate that the entrance to the coal, the profit would be greater," said Peter, Thursday (12 / 1).
In this expansion, Intraco will acquire existing mining exploration, but not yet in production. In the first year, Intraco targeting coal production under two million tonnes per year.
This coal will be sold in accordance with the prices in global markets, about U.S. $ 90 per ton. Peter believes, coal sales will contribute 25% of total company revenue.
This year, Intraco targeting double-digit revenue growth. As for all the January-September 2011, revenue Intraco already touched USD 2.07 trillion.
In addition to Intraco, PT Myoh Technology Limited also plans to continue aggressively expanding into coal. "We have to adjust the focus Myoh administration and post-acquisition reorganization," said Gilyong Ha, Director of Finance Myoh.
As is known, Myoh had swerved from the information technology services to the coal. Myoh also will change its name to Samindo Resources Tbk PT. Myoh first expansion capital allocation is U.S. $ 20 million. This money for the purchase of excavators. Furthermore, Myoh newly acquired mining contractor, PT Jaya Sims Kalimantan, worth Rp 516 billion.
With this expansion, Myoh target of Rp 1.53 trillion in revenue this year, up 5.5% from 2011 revenue of Rp 1.45 trillion.
Not to forget, the Lippo Group also intends to explore mineral mines. As reported, last November 2011, Lippo has purchased shares of CS Mining LLC, a copper mine in the U.S..
For in the country, targeting Lippo cooperation from coal mines, gold and iron sand in Kalimantan and Papua.
Unfortunately, Theo Sambuaga, chairman of Lippo reluctant to elaborate the plan. "I'm in the corners," he reasoned

