Semen Gresik Won Investment Award 2008

When the year end is approaching, Semen Gresik (SG) again reaches a pride-arousing achievement – winning the Investment Award of 2008. For the event, Semen Gresik had to defeat the other five big nominators. They are PT Aneka Tambang Tbk, Indocement Tunggal Perkasa Tbk, Pt Musim Mas, PT Pabrik Kertas Tjiwi Kimia Tbk, and PT Fajar Surya Wisesa. The 8th award won by Semen Gresik during 2008 was presented by the Vice President of the Republic of Indonesia, M Yusuf Kalla, accompanied by the Chairman of Capital Investment Coordination Bureau, Muhammad Lutfi, to the President Director of Semen Gresik, Dwi Soetjipto, at the office of Vice President on Wednesday, December 10th, 2008.

This second Best Investment Award 2008 which was initiated by the Bureau of Capital Investment Coordination had a theme; Green Business with the purpose of accelerating company’s performance especially for both foreign capital investment (PMA) and domestic capital investment (PMDA) to continually improve their business etiquettes in order to develop Indonesia faster. Not only companies but also provinces with the best investment in their regions received these awards.  
While presenting the awards, the Head of Capital Investment Coordination bureau, M Lutfi, stated that there two underlying principles to the establishment of Investment Awards of the Capital Investment Coordination Bureau. They were Roles and Commitment of the provincial government to always improve the image of investment though quality investment activities. Companies which consistently prioritize environmental aspects in doing business (green business) and their patience in understanding various shortages as well as challenges in their capital investment activities. “We have to face these challenges” he said.

Having defeated 4,641 contestants, Semen Gresik successfully won the Investment Award 2008 for the category of the Best Big Scale Domestic Investment. The other three companies also won the awards. They are PT Nissan Motor Indonesia – Best Big Scale Foreign Investment category, PT LG Electronics – Best Small - Medium Scale Foreign Investment, and PT Sorini Agro Asia Corp – Best Small - Big Scale Domestic Investment. And North Sulawesi was elected as the best province.

Some important aspects treated as the evaluating principles for winning the awards include financial performance, man power aspect, production, stability, community development, environment, and good corporate governance. The others are alternative energy utilization, fuel and energy efficiency, environmental management system for the surrounding areas of the plants, waste treatment system, and hazardous and poisonous material management. 
After receiving the award, the President Director of Semen Gresik, Dwi Soetjipto, explained that Semen Grsik’s success in winning the award absolutely could not be separated from the company’ strong commitment to always be concerned about environment conservation aspects in every business process, including the construction and operation of all existing plants. “We could prove the commitment by winning Proper Hijau award from the ministry of environment in 2008” Dwi said.

The President Director further explained that the company not only has high concern about the environmental issues but also social responsibility to the community residing in the surrounding areas of the plants. Its environmental concern has been proven by obtaining certificate of ISO 14,000 since 2001.  

The Investment Award 2008 of this year was considered a prestigious one because the team for the evaluation consists of seven members with their different backgrounds of scientific disciplines. They are; Bomer Pasaribu (chairman) – an expert in man power field, Roy Sembel (vice chairman) – a financial expert, and the members; Rofiah Rokhim – an economist of Business Indonesia magazine, Emil Salim – environmental expert, Harry Ponto – an expert in law and socio-politics, Mas Akhmad Damiri – a good corporate governance expert, and Danny Septriadi – an expert in tax field.

Source : http://www.semengresik.com

JASA MARGA REVENUE FOR THIRD QUARTER INCREASES TO RP 2.497 TRILLION

Jakarta, November 2, 2008 – PT Jasa Marga Tbk with share code name JSMR has booked an increase of revenue by 35% or equivalent to Rp 2.497 trillion, in comparison to the revenue for the third quarter of 2007 at Rp 1.849 trillion.

The increased revenue of Jasa Marga on the third quarter has been the result of, among others, the increasing transaction volume by 2 percent. Total transaction for the tool roads operated by Jasa Marga was 644 million in 2007 and increased to 657 million in 2008. Additionally, the adjustments of toll road tariffs for two toll roads under Jasa Marga management, i.e. Jakarta-Cikampek on May 30, 2008 and for Prof. Sediyatmo on July 2, 2008 contributed to the increased revenue of Jasa Marga for the third quarter of 2008.

“The increased revenue booked by Jasa Marga has also created positive impact on the operational profit (harusnya operating income) of the company,” said Okke Merlina, Corporate Secretary of Jasa Marga Company. Okke went on to say that while the operating income for the third quarter 2007 totaled Rp 669 billion, the operating income the third quarter of 2008 reached Rp 1.095 trillion. The increased revenue also increased corporate EBITDA from Rp 932 billion in 2007 to Rp 1.417 trillion in 2008, while net income increased from Rp 136 billion in third quarter of 2007 to Rp 554 billion in the third quarters of 2008.

“As a public company, Jasa Marga is pleased with the performance for the third quarters of 2008 and we will continue to improve our performance in the coming years,” said Okke.

New Toll Road
The development of new toll roads that include the sections of Bogor Ring Road (11 kilometers), Semarang-Solo (76 kilometers), Gempol-Pasuruan (32 kilometers), Serpong-Kunciran (11.2 kilometers), Kunciran-Cengkareng (15.2 kilometers have been progressing as planned. It is expected that by the second quarter of 2009, the Bogor Ring Road Phase I (Sentul Selatan-Kedunghalang) will be in operation.


In addition to five new toll roads, Jasa Marga will finalize the development of section JORR W2 (Ulujami-Kebon Jeruk) which is part of JORR and the concession has already been in the hand of Bina Marga. In building this section, Jasa Marge collaborates with Jakarta Propertindo, a Jakarta Government owned company.

Contribution from the six sections of the toll roads will certainly be significant in improving the performance of the company in the future.

Okke Merlina added that although the current situation of the financial market was not really conducive, Jasa Marga remained to be consistent in implementing its projects as planned and would continue to evaluate the ongoing projects in order to gain higher added value. In terms of financing, in addition to the internal fund, Jasa Marga also received funding commitment from national banks. “With the support from various parties, we will continue to improve company’s performance, both in corporate finance and pro forma as a whole,” said Okke.

Source : http://www.jasamarga.com

BUMI group : Arutmin Indonesia Profiles

The Company owns 99.99% of share in PT Arutmin Indonesia (Arutmin), after acquiring an 80% stake from BHP Minerals Exploration Inc. in October 2001 and the remaining 19.99% from PT Ekakarsa Yasakarya Indonesia in April 2004. In 1981, Arutmin was licensed to explore and mine coal in an area of 1,260,000 hectares comprising Block 6 in South Kalimantan, based on a first generation Coal Contract of Work (“CCOW”) which expires in 2019. The CCOW has been reduced and now covers an area of 70,153 hectares.

Arutmin is currently one of Indonesia’s most prominent coal mining companies which exports a substantial portion of its mined coal to international markets. It produces high quality bituminous Ecocoal in the Satui, Senakin, Batulicin and Asam - asam mines with high calorific substance and low to medium ash content. It is mostly used by industries and power plants. In addition, it also produces the more economical but lower grade Ecocoal product from its Asam-asam mines.

The total annual gross production at those four coal mines reached 15 million tonnes of washed and unwashed coal in 2004. The main contributors to Arutmin’s total coal production are the Satui and Senakin mines at a total annual gross production of 12 million tonnes with resources estimated at 30 June 2004 at 170 million tonnes of low sulfur thermal coals and over 250 million tonnes of sub-bituminous coals.

The coal mining operations of Arutmin are conducted by conventional open cut methods employing dozers, excavators, loaders and trucks. The coal products from the Satui and Senakin mines are transported by truck and are stockpiled at one of Arutmin’s four barge ports. The final products are conveyed from the barge ports to the North Pulau Laut Coal Terminal (“NPLCT”) at Tanjung Pemancingan by custom built, self-discharging barges or loaded directly onto ocean vessels at offshore barge transshipment anchorage.

In order to ensure consistent production of high quality coal to meet customer demands, Arutmin consistently performs tight quality control on its coal products during the entire mining process. This intense monitoring of coal product quality includes the implementation of a minimum of four prior quality checks as the coal moves from the coal face to the barge port stockpiles.

In 2005, Arutmin exported around 93% of its production of 16.8 million tonnes of high quality thermal coals to international markets. Arutmin predominantly exports its coal products to Japan and other Asian countries. To a lesser extent, it also exports its coal products to European and South American countries.

Arutmin’s main advantages are its competitive position in the global market, competitive cost structure due to the strategic Kalimantan location of its mines which are near to the coast and its brand name establishment due to its high coal quality.

Source : http://www.bumiresources.com