COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI


COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no plan to review their existing expansion plan for 2013  due to current coal price weakness. According to Dileep Srivastava' company’s corporate secretary’s E-mail note Bumi will stand on their 2013 expansion plan without any change.

"We view present spot weakness as temporary, seasonal and rise as winter approaches", Dileep shows his optimistic on future coal prices.

Bumi is also planning to drop strip ratio to 10:1 this year (vs 11.5:1 last year) to keep their production cost under control. Bumi supplies 20% of its total production to domestic market and remaining 80% for export market.

“Japan, India & China are account for 50% of our exports. Taiwan, Hong Kong, South Korea, Malaysia and  Philippines are the rest with some to Europe”, he replied in E-mail.

Due to sudden dropped in coal prices there were number of cancellation or delay in performing coal shipments including re-negotiation on contracted prices from Indonesia. However, Its seems that, BUMI has not affected delays or cancellation. “A shipment delay or two (including local) but no request for re-pricing” Bumi’s note says.

According to Dileep, Bumi’s 67% of year '12 estimated production (of 75 m tons) has been contracted at fixed price. The contracted price was at around +$85/ton FOB. The remaining 15% of quantity has been sold index linked price (GCNEWC index (global Newcastle) for Asia Market) with a fixed premium.
(updated on 23/6/2012 - 00:08 SG time)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand  Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...


Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...


Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...


Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...


Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...


   1 2 3 4 5   
Showing 1 to 5 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Aditya Birla Group - India
  • Anglo American - United Kingdom
  • Cargill India Pvt Ltd
  • GMR Energy Limited - India
  • Indian School of Mines
  • Mitsubishi Corporation
  • Australian Commodity Traders Exchange
  • Manunggal Multi Energi - Indonesia
  • ACC Limited - India
  • Reliance Power - India
  • KEPCO - South Korea
  • Central Electricity Authority - India
  • Electricity Authority, New Zealand
  • India Bulls Power Limited - India
  • EIA - United States
  • TeaM Sual Corporation - Philippines
  • Pipit Mutiara Jaya. PT, Indonesia
  • Ministry of Transport, Egypt
  • Geoservices-GeoAssay Lab
  • Thiess Contractors Indonesia
  • Star Paper Mills Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Oldendorff Carriers - Singapore
  • Asmin Koalindo Tuhup - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • London Commodity Brokers - England
  • Adaro Indonesia
  • WorleyParsons
  • Price Waterhouse Coopers - Russia
  • JPower - Japan
  • Kartika Selabumi Mining - Indonesia
  • CCIC - Indonesia
  • Maruti Cements - India
  • Goldman Sachs - Singapore
  • Tanito Harum - Indonesia
  • Bank of China, Malaysia
  • Runge Indonesia
  • EMO - The Netherlands
  • McKinsey & Co - India
  • AsiaOL BioFuels Corp., Philippines
  • Maybank - Singapore
  • Bhoruka Overseas - Indonesia
  • Barclays Capital - USA
  • Tamil Nadu electricity Board
  • HSBC - Hong Kong
  • Cardiff University - UK
  • Mercator Lines Limited - India
  • PowerSource Philippines DevCo
  • Trasteel International SA, Italy
  • Wilmar Investment Holdings
  • Gujarat Sidhee Cement - India
  • Coal India Limited
  • Orica Mining Services - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Rashtriya Ispat Nigam Limited - India
  • Vedanta Resources Plc - India
  • SMC Global Power, Philippines
  • Indogreen Group - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Core Mineral Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Enel Italy
  • Sical Logistics Limited - India
  • Permata Bank - Indonesia
  • Coastal Gujarat Power Limited - India
  • BRS Brokers - Singapore
  • GVK Power & Infra Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • UBS Singapore
  • Planning Commission, India
  • Miang Besar Coal Terminal - Indonesia
  • San Jose City I Power Corp, Philippines
  • Global Coal Blending Company Limited - Australia
  • NTPC Limited - India
  • Indian Oil Corporation Limited
  • European Bulk Services B.V. - Netherlands
  • Asian Development Bank
  • Iligan Light & Power Inc, Philippines
  • TGV SRAAC LIMITED, India
  • Shree Cement - India
  • Chettinad Cement Corporation Ltd - India
  • BNP Paribas - Singapore
  • Bhatia International Limited - India
  • Minerals Council of Australia
  • SGS (Thailand) Limited
  • Vizag Seaport Private Limited - India
  • Sindya Power Generating Company Private Ltd
  • Samsung - South Korea
  • The State Trading Corporation of India Ltd
  • Interocean Group of Companies - India
  • Savvy Resources Ltd - HongKong
  • CIMB Investment Bank - Malaysia
  • Gresik Semen - Indonesia
  • Bank of America
  • Maharashtra Electricity Regulatory Commission - India
  • World Coal - UK
  • Lanco Infratech Ltd - India
  • The Treasury - Australian Government
  • Coal Orbis AG
  • Moodys - Singapore
  • Bukit Makmur.PT - Indonesia
  • Coalindo Energy - Indonesia
  • TANGEDCO India
  • Mitra SK Pvt Ltd - India
  • Standard Chartered Bank - UAE
  • Tata Chemicals Ltd - India
  • VISA Power Limited - India
  • Eastern Coal Council - USA
  • Ceylon Electricity Board - Sri Lanka
  • Infraline Energy - India
  • Total Coal South Africa
  • Fearnleys - India
  • Power Finance Corporation Ltd., India
  • Gupta Coal India Ltd
  • Vitol - Bahrain
  • Sakthi Sugars Limited - India
  • Indonesian Coal Mining Association
  • Rudhra Energy - India
  • South Luzon Thermal Energy Corporation
  • Bharathi Cement Corporation - India
  • Malco - India
  • Peabody Energy - USA
  • Uttam Galva Steels Limited - India
  • Clarksons - UK
  • SMG Consultants - Indonesia
  • Siam City Cement - Thailand
  • IOL Indonesia
  • NALCO India
  • Wood Mackenzie - Singapore
  • J M Baxi & Co - India
  • Surastha Cement
  • Merrill Lynch Commodities Europe
  • Borneo Indobara - Indonesia
  • Bangladesh Power Developement Board
  • GN Power Mariveles Coal Plant, Philippines
  • Bukit Baiduri Energy - Indonesia
  • Kobexindo Tractors - Indoneisa
  • ETA - Dubai
  • Barasentosa Lestari - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Directorate Of Revenue Intelligence - India
  • LBH Netherlands Bv - Netherlands
  • Heidelberg Cement - Germany
  • PNOC Exploration Corporation - Philippines
  • Ministry of Mines - Canada
  • Meenaskhi Energy Private Limited - India
  • McConnell Dowell - Australia
  • New Zealand Coal & Carbon
  • Shenhua Group - China
  • RBS Sempra - UK
  • Straits Asia Resources Limited - Singapore
  • Central Java Power - Indonesia
  • Maersk Broker
  • Larsen & Toubro Limited - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Independent Power Producers Association of India
  • PTC India Limited - India
  • Karaikal Port Pvt Ltd - India
  • Essar Steel Hazira Ltd - India
  • Petron Corporation, Philippines
  • Therma Luzon, Inc, Philippines
  • Energy Link Ltd, New Zealand
  • Sojitz Corporation - Japan
  • ICICI Bank Limited - India
  • Makarim & Taira - Indonesia
  • Noble Europe Ltd - UK
  • DBS Bank - Singapore
  • Formosa Plastics Group - Taiwan
  • Cemex - Philippines
  • Economic Council, Georgia
  • Platts
  • Salva Resources Pvt Ltd - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Orica Australia Pty. Ltd.
  • Kideco Jaya Agung - Indonesia
  • Ince & co LLP
  • Carbofer General Trading SA - India
  • Bangkok Bank PCL
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • APGENCO India
  • Ministry of Finance - Indonesia
  • Rio Tinto Coal - Australia
  • Bulk Trading Sa - Switzerland
  • Indonesia Power. PT
  • OCBC - Singapore
  • MS Steel International - UAE
  • GAC Shipping (India) Pvt Ltd
  • Kumho Petrochemical, South Korea
  • IHS Mccloskey Coal Group - USA
  • Georgia Ports Authority, United States
  • Mercuria Energy - Indonesia
  • Madhucon Powers Ltd - India
  • Malabar Cements Ltd - India
  • Arutmin Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Thriveni
  • Argus Media - Singapore
  • Timah Investasi Mineral - Indoneisa
  • Indian Energy Exchange, India
  • Bayan Resources Tbk. - Indonesia
  • Dalmia Cement Bharat India
  • JPMorgan - India
  • Freeport Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Panama Canal Authority
  • IEA Clean Coal Centre - UK
  • SUEK AG - Indonesia
  • ING Bank NV - Singapore
  • Grasim Industreis Ltd - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Antam Resourcindo - Indonesia
  • GNFC Limited - India
  • Cement Manufacturers Association - India
  • Marubeni Corporation - India
  • Gujarat Electricity Regulatory Commission - India
  • CoalTek, United States
  • Sarangani Energy Corporation, Philippines
  • Platou - Singapore
  • Jindal Steel & Power Ltd - India
  • Attock Cement Pakistan Limited
  • SASOL - South Africa
  • Qatrana Cement - Jordan
  • Leighton Contractors Pty Ltd - Australia
  • Parliament of New Zealand
  • Mintek Dendrill Indonesia
  • Credit Suisse - India
  • The University of Queensland
  • Port Waratah Coal Services - Australia
  • Arch Coal - USA
  • PetroVietnam Power Coal Import and Supply Company
  • Deloitte Consulting - India
  • Tata Power - India
  • SN Aboitiz Power Inc, Philippines
  • Samtan Co., Ltd - South Korea
  • Pendopo Energi Batubara - Indonesia
  • globalCOAL - UK
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Indorama - Singapore
  • Thai Mozambique Logistica
  • Xindia Steels Limited - India
  • ANZ Bank - Australia
  • Petrosea - Indonesia
  • Baramulti Group, Indonesia
  • Edison Trading Spa - Italy
  • Karbindo Abesyapradhi - Indoneisa
  • Toyota Tsusho Corporation, Japan
  • Medco Energi Mining Internasional
  • KPCL - India
  • Inco-Indonesia
  • CESC Limited - India
  • Cosco
  • Ernst & Young Pvt. Ltd.
  • White Energy Company Limited
  • Indika Energy - Indonesia
  • Siam City Cement PLC, Thailand
  • Posco Energy - South Korea
  • TNB Fuel Sdn Bhd - Malaysia
  • Ind-Barath Power Infra Limited - India
  • bp singapore
  • Semirara Mining Corp, Philippines
  • Mitsui
  • OPG Power Generation Pvt Ltd - India
  • Commonwealth Bank - Australia
  • Japan Coal Energy Center
  • Mjunction Services Limited - India
  • Videocon Industries ltd - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Energy Development Corp, Philippines
  • Glencore India Pvt. Ltd
  • Kepco SPC Power Corporation, Philippines
  • Africa Commodities Group - South Africa
  • Singapore Mercantile Exchange
  • Riau Bara Harum - Indonesia
  • Jatenergy - Australia
  • Renaissance Capital - South Africa
  • SRK Consulting
  • Simpson Spence & Young - Indonesia
  • Cebu Energy, Philippines
  • Latin American Coal - Colombia
  • Banpu Public Company Limited - Thailand
  • Meralco Power Generation, Philippines
  • Bukit Asam (Persero) Tbk - Indonesia
  • PLN - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • MEC Coal - Indonesia
  • Electricity Generating Authority of Thailand
  • Altura Mining Limited, Indonesia
  • KPMG - USA
  • Xstrata Coal
  • IBC Asia (S) Pte Ltd
  • Gujarat Mineral Development Corp Ltd - India
  • Adani Power Ltd - India
  • Globalindo Alam Lestari - Indonesia
  • Chamber of Mines of South Africa
  • Coal and Oil Company - UAE
  • Russian Coal LLC
  • Parry Sugars Refinery, India
  • Intertek Mineral Services - Indonesia
  • TRAFIGURA, South Korea
  • Agrawal Coal Company - India
  • Berau Coal - Indonesia
  • Ambuja Cements Ltd - India
  • Humpuss - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Metalloyd Limited - United Kingdom
  • Romanian Commodities Exchange
  • Global Business Power Corporation, Philippines
  • Coeclerici Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Inspectorate - India
  • IMC Shipping - Singapore
  • Deutsche Bank - India
  • Semirara Mining and Power Corporation, Philippines
  • Kapuas Tunggal Persada - Indonesia
  • Thomson Reuters GRC
  • Krishnapatnam Port Company Ltd. - India
  • GB Group - China
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Thermax Limited - India
  • Binh Thuan Hamico - Vietnam
  • U S Energy Resources
  • TNPL - India
  • KOWEPO - South Korea
  • Australian Coal Association
  • Pinang Coal Indonesia
  • Kobe Steel Ltd - Japan
  • Bhushan Steel Limited - India
  • Eastern Energy - Thailand
  • Jaiprakash Power Ventures ltd
  • Aboitiz Power Corporation - Philippines
  • Coaltrans Conferences
  • ASAPP Information Group - India
  • Thailand Anthracite
  • UOB Asia (HK) Ltd
  • Holcim Trading Pte Ltd - Singapore
  • GHCL Limited - India
  • Indo Tambangraya Megah - Indonesia
  • Mechel - Russia
  • Britmindo - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Kaltim Prima Coal - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Merrill Lynch Bank
  • CNBM International Corporation - China
  • Lafarge - France
  • Kalimantan Lumbung Energi - Indonesia
  • PetroVietnam
  • Sucofindo - Indonesia
  • PLN Batubara - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • World Bank
  • Vale Mozambique
  • The India Cements Ltd
  • Asia Cement - Taiwan
  • Idemitsu - Japan