COALspot.com keeps you connected across the coal world
  • DEC 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 66.30 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

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


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Thursday, 20 June 19
BUMI RESOURCES EXPECTS TO SELL 42 MILLION TONS OF COAL IN FIRST HALF - JAKARTA POST
Jakarta Post NewPT Bumi Resources (BUMI), Indonesia's largest thermal coal miner, expects to close the first half of this year with coal sales of 42 million tons, or 47 percent of its full-year target of 88-90 million tons.
 
BUMI corporate secretary Dileep Srivastava said on Tuesday that the firm had sold 20 million tons of coal in the first quarter and was hopeful about achieving 22 million tons in the second quarter.
 
“Our second-quarter coal sales are 10 percent better than the first quarter, and we will have to sell another 45-48 million tons of coal in the second semester,” he told press after the annual shareholders meeting.
 
Dileep added that the firm’s growth was supported by steady production at its two coal miners, namely PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia.
 
The company expects to close this year with gross revenue at US$5 billion, up $100 million from last year’s $4.9 billion, despite the downward trend in coal prices.
 
According to the Energy and Mineral Resources Ministry, that downtrend began in October, when the coal price fell to $100.89 per ton. It declined further to $97.90 in November and $92.50 in December.
 
The trend continued this year, with the price dropping further in January, February, March and April to $92.41, $91.8, $90.57 and $88.85 per ton, respectively, before ending up much lower at $81.48 per ton in June.
 
“[In reaching our goals] we have already secured buyers for 85 percent of our coal production. Hence, we don’t have much doubt or see much risk in achieving our goals,” he said.
 
As of the first quarter of 2019, BUMI’s net profit dropped 46.27 percent year-on-year to $48.44 million, but that was much better than the previous quarter, when the firm only booked $15.1 million.
 
Despite a negative impact from the ongoing US-China trade war and the coal price cap for state-owned electricity firm PLN in the domestic market, Dileep was upbeat about the company’s prospects to raise coal output by 5-10 percent next year.
 
“Next year, there will hopefully be no coal price cap [at $70 dollars per ton] and the trade war impact could be mitigated. If those two things happen, I think we could have a 5-10 percent increase [in output] next year.” he said.
Source: The Jakarta Post


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

Recent News

Saturday, 07 December 19
SOUTH AFRICAN COAL PRICE SURGE, WHILE OTHERS LANGUISH, IS TROUBLING - REUTERS
Coal prices around the world are gently sliding as demand from top importers such as China, India and even Europe remains subdued amid a so far mil ...


Saturday, 07 December 19
SUPRAMAX: OVERALL, THE BALTIC SUPRAMAX INDEX REMAINED IN POSITIVE MODE, DESPITE SOME AREAS LACKING FRESH ACTIVITY - BALTIC BRIEFING
Capesize This week the Capesize market maintained healthy earnings, as an end of year surge took the Capesize 5TC back up to $25,202 by mid-wee ...


Friday, 06 December 19
INDONESIA COAL BENCHMARK PRICE FOR DECEMBER INCREASES BY US 3 CENTS MOM
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...


Thursday, 05 December 19
IMO 2020 IS ABOUT TO GET REAL - GAVIN THOMPSON
As I write this edition of the APAC Energy Buzz from my desk in Singapore I can see ships. Lots of ships. No surprise given that Singapore is among ...


Wednesday, 04 December 19
FITCH RATINGS: CASH FLOW GENERATION TO SLOW DOWN FOR INDONESIAN COAL MINERS
Fitch Ratings' negative outlook on the Indonesian coal-mining sector reflects our view of weaker cash flow generation on account of declining c ...


   1 2 3 4 5   
Showing 6 to 10 news of total 5624
News by Category
Popular News
 
Total Members : 26,661
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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