Indonesia’s United Tractors posts flat H1 net profit

July 29 (Reuters) – PT United Tractors (UNTR.JK), Indonesia’s biggest heavy equipment provider, posted a 0.8 percent rise in its first half 2010 net profit on Thursday, as revenues climbed but costs increased.

The firm, Indonesia’s largest mining contractor, posted a 1.888 trillion rupiah ($209.8 million) net profit in the first half of the year, versus 1.873 trillion rupiah a year earlier.

The company’s net revenue climbed 30 percent to 18.08 trillion rupiah.

Indonesia is expected to post economic growth of around 6 percent this year, driven by exports of resources that need heavy machinery, as well as increasing consumer demand.

Shares in United Tractors, which has a market cap of $7.3 billion, gained 21 percent in the first half of the year, outperforming the 15 percent rise in the Jakarta stock index .JKSE. (Reporting by Janeman Latul, Editing by Neil Chatterjee)

Council delays lake entrance works

Recent heavy rain and the prospect of big seas this week has prompted the Sunshine Coast Regional Council to delay moving the Currimundi Lake entrance.

The council says the entrance has moved south to the point where erosion is threatening infrastructure including the lifeguard tower.

Work was to start yesterday on relocating the entrance but it is now expected to begin next Monday.

Coast and canals manager Denis Shaw says the work will take about four days.

“We’ll be using heavy machinery – six-wheel drive dump trucks, a couple of dozers and an excavator,” he said.

“We’ll be moving probably about two or three thousand cubic metres of sand from inside the estuary back out to reinforce the dune.”

Fishing industry still awaiting oil spill compo

Commercial fishermen affected by one of Australia’s worst oil spills say they are still waiting for compensation a year after the disaster.

A 75 kilometre stretch of coastline from Moreton Island to the Sunshine Coast was coated with oil after the cargo ship Pacific Adventurer spilt about 270 tonnes of heavy fuel oil off Moreton Island.

The owner of the Pacific Adventurer, Swire Shipping, agreed to pay $25 million towards the clean-up cost, last August.

Queensland Seafood Industry Association spokesman Winston Harris says he is hopeful affected fishermen will soon be compensated.

“We’re working towards a time frame which I think is around the middle of this year,” he said.

Premier Anna Bligh says lessons have been learnt and the Government is now better prepared for such a disaster.

“I hope frankly that we never see another event like this but God forbid should it happen, we’ll be ready,” Ms Bligh said.

The Premier has used the anniversary to again thank people who were involved in the clean-up.

“It’s important to recognise the great work that was done to clean it up and I take my hat off to everyone involved,” she said.

The Government says two reports released yesterday found the response to the disaster was effective but there was room for improvement.

Clean-up

Meanwhile, the Sunshine Coast Mayor has defended the council’s use of heavy machinery to remove oil from the region’s beaches after the spill.

The Australian Maritime Safety Authority yesterday released a report in which it says the use of heavy machinery may have exacerbated the clean-up.

It has recommended Maritime Safety Queensland review the council’s oil spill response plan.

Mayor Bob Abbot says the response was appropriate.

“What we have to weigh up is the triple bottom line process … environmental damage against the economic damage and to wait two or three months to clean that mess up by hand would have caused massive economic damage on the Sunshine Coast,” he said.

The council says its coastal engineers have been unable to find any oil on Mudjimba Beach from last year’s spill.

They inspected the beach yesterday after a resident reported seeing oil leeching out of the sand.

Eight-and-a-half kilometres of the region’s coastline was affected by the Pacific Adventurer oil spill.

Infrastructure services executive director Andrew Ryan says there could still be oil residue in areas but there are also other possible explanations for the appearance of an oily substance.

“There certainly would have been oil in some of the crab holes that opened up typically on our beaches and some of the oil may well have got itself down there a year or so ago,” he said.

“It could have been a coral spawn or leeching from coffee rock, so again without being able to find it we haven’t been able to take any particular action.”

The Moreton Bay Mayor Allan Sutherland this week inspected areas of Bribie Island that were affected by the oil spill and says there is no oil residue.

Land Rover launches ‘world’s toughest phone’

London, July 3 (ANI): Land Rover has unveiled what it claims to be the world’s strongest phone, after the gadget survived being dropped from a tall building, stood on by an elephant, and roasted in an oven.

Called the new S1 mobile, the ‘indestructible’ device was developed after the car giant teamed up with phone manufacturer Sonim.

During durability tests, the phone was run over with a Land Rover, submerged in mud, and had an elephant stand on it.

Aimed at appealing to builders and workmen, the S1 features up to 1,500 hours of battery life, a 2.0 megapixel camera, and an extra loud ringtone to be heard over the sound of heavy machinery.

Tesco launched the phone with a price tag of 249.99 pounds, and are so confident it can’t be broken that it comes with an unconditional three-year guarantee.

However, staff at British tabloid The Sun managed to crush the S1 under the weight of a three-tonne forklift truck.

The phone, however, did survive being roasted in an oven at 150 degrees centigrade, soaked in a pint of lager and tossed from the second floor of a building. (ANI)

Eight workers killed in Meghalaya

Shillong, Mar 16 (ANI): Eight workers were killed after being trapped inside a coal mine that caved in at Rongsa Awe in Meghalaya’s Garo Hills District.

According to police officials, rescue workers recovered the bodies.

Meanwhile, the state government has called for scientific methods of mining to avoid such incidents.

Police officials said the delay in tracing the minors was because of a possibility that the mine might cave in further if heavy machinery was used to remove the debris.

Seven coal miners were killed on March 27, 2003, when the cave they were working in collapsed at Nangalbibra in South Garo Hills district.

Coal is mined mainly in parts of Lad Sutnga, Bapung, Lad Rymbai and Khliehriat areas of Jaintia Hills, Nangalbibra in South Garo Hills and Shallang, Langrin and Borsora in West Khasi Hills. (ANI)