“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Sunday, August 19, 2007

Indonesia established FEDC to boost fruit exports to Europe

Surabaya, East Java (ANTARA News) - Indonesia has established Fruit Export Development Center (FEDC) to help boost fruit exports to the European Union (EU).

The establishment of FEDC was parts of the EU assistance in boosting the trade balance between Indonesia and member countries of the EU, Junni Saraswati, senior executive of the Indonesian German Business Association said here on Tuesday when speaking at a seminar on "The European Union, potential market which must be maintained."

As a grouping of 27 countries, the European Union was a very potential market for Indonesian agricultural products, she said. The Fruit Export Development Center was expected to help inform Indonesian fruit exports about the European market of agricultural products.

Based on the 2005 data, around 50 percent of the world`s fruit exports or around 74.5 million tons, went to the European Union, she said.

She reminded that the peoples of the European Union, which currently reach around 495 million, followed eco-labeling and social labeling certifications.

Having good per capita income, The European Union`s demands for fresh fruits and vegetables tended to increase, she said.

Bumi to Build Power Plants, Conveyors to Cut Costs

By Leony Aurora and Arijit Ghosh

Aug. 7 (Bloomberg) -- PT Bumi Resources, Asia's third- biggest coal producer by sales, expects to cut costs 18 percent in two years by investing $300 million to build power plants and conveyor belts to transport the fuel.

The Indonesian company will build two coal-fired plants and at least three conveyor belts, Nalinkant Rathod, a commissioner at Bumi, said in Jakarta yesterday. The producer expects the cost of producing and transporting coal to fall to $22 a metric ton by 2009 from $26.87 a ton in the first half of this year, he said. The figure includes the cost of maintaining inventories.

The investment will help the Jakarta-based company cut dependence on diesel for electricity generation and trucks for transportation. Lower costs will help boost earnings as demand from China and India keeps coal prices near a record of $70.88 a ton in June. Fuel prices, which account for a fifth of Bumi's expenses, have risen by about 25 percent this year.

``Fuel prices are outside the control of the company,'' and generating electricity from coal will remain cheaper than with diesel, said Ahmad Solihin, an analyst at PT Mandiri Sekuritas in Jakarta. He has a ``buy'' recommendation on the stock.

Shares in Bumi, Indonesia's biggest publicly traded energy company, have more than doubled this year, outpacing the 24 percent gain in the benchmark Jakarta Composite Index. The stock fell 1 percent to 2,350 rupiah in Jakarta today.

``The company is looking at the possibility of cutting costs by a further dollar or two from $22 a ton'' by 2009, Rathod, who is also the president of Bumi's coal mining units PT Kaltim Prima Coal and PT Arutmin Indonesia, said in an interview.

Heavy Rains

Bumi currently has a 13-kilometer (8-mile) conveyor belt that moves coal from unit Kaltim Prima's crusher to ships. Building an additional 38 kilometers of belts will also help transport the fuel when heavy rains hamper the movement of trucks.

The company expects this year's coal production to be at the lower end of its 58 million tons to 60 million ton forecast range because heavy rainfall is hampering production and transportation, Rathod said.

Excessive rains in the southern part of Borneo prompted Banpu Pcl and Straits Asia Resources Ltd. last month to declare force majeure, a legal clause allowing companies to miss shipments because of circumstances beyond their control.

The price of power-station coal at Australia's Newcastle port, the world's largest export harbor for the fuel, rose 5 percent last week on concerns Asian buyers will have to turn to the spot market to make up for the missed deliveries.


Coal for immediate delivery at Newcastle increased $3.27 to $70.08 a metric ton in the week ended Aug. 3, according to the globalCOAL NEWC Index. That's near the record level of $70.88 reached in June.

Bumi expects to meet or top analysts' projections for its earnings, Rathod said. Bumi's profit may rise 24 percent to $275 million this year, according to the median of 12 estimates compiled by Bloomberg.

That's excluding a one time gain that Bumi posted this year after selling a 30 percent stake in Kaltim Prima and Arutmin to India's Tata Power Co. for $1.3 billion.

Bumi's net income in the second quarter of the year jumped 10-fold to $641.7 million from $65.8 million a year earlier. Profit excluding the one-time gain rose 44 percent to $94.5 million in the three-month period.

To contact the reporter on this story: Leony Aurora in Jakarta at laurora@bloomberg.net ; Arijit Ghosh in Jakarta at aghosh@bloomberg.net .

Saturday, August 18, 2007

Banpu`s 2007 sales may drop as rain disrupts output

Mining Journal

Banpu Pcl, Thailand`s biggest coal miner, said 2007 sales may fall from a year earlier as rain disrupts coal output at mines in Indonesia.

Sales this year may be close to or lower than the 33 billion baht (US$954 million) it booked in 2006, chief executive officer Chanin Vongkulsolkit said at a press conference in Bangkok on Friday.

“The rain was unusually heavy,” Chanin said. “Water was pouring hard into our Jorong mine" in Indonesia`s Kalimantan region, he said.

A drop in coal output will force Banpu to rely on its power-generating business to boost profit growth this year.

The company said August 10 contributions from electricity sales helped it post its highest quarterly profit in almost nine years.

Banpu`s Indonesian mines produced 19.3 million tons of coal, making up more than 70 percent of the company`s total sales of the commodity last year, according to data compiled by Bloomberg.

Miners in the archipelago, including PT Bumi Resources, Asia`s third-largest coal producer by sales, have said that rain dented output in recent weeks.

Banpu will invest US$469 million to build new mines and power plants in 2007 and 2008, the company said in a statement on Friday.

The company also plans to fund part of the investment with an initial public offering of its Indonesia coal mining unit, PT Indo Tambangraya Megah, scheduled in the fourth quarter, chief financial officer Somruedee Chaimongkol said.

She declined to say if the share sale may be delayed because of concerns over the US subprime rout.