COALspot.com keeps you connected across the coal world
  • JULY 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 71.92 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

Monday, 08 July 19
INDONESIAN COAL PRICE REFERENCE POSTS BIGGEST MONTHLY LOSS SINCE JANUARY 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...


Monday, 08 July 19
ULTRAMAX: A 52,000-TONNER OPEN CJK FIXED FOR A TRIP VIA INDONESIA WITH RE-DELIVERY CHINA AT $6,100 - BALTIC BRIEFING
Capesize The Capesize market surged over the past week, reaching highs not seen since August last year. Widespread activity in both basins saw ...


Wednesday, 03 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
The global shipping industry is facing numerous challenges at a time when geopolitical turmoil has escalated in view of the recent tension in the M ...


Monday, 01 July 19
COAL DEMAND RISES, BUT REMAINS BELOW PEAK LEVELS - FORBES
This article is the third in a series on BP’s recently-released Statistical Review of World Energy 2019. The Review provides a comprehensive ...


Saturday, 29 June 19
ULTRAMAX: FROM SOUTHEAST ASIA MORE COAL WAS ENTERING THE MARKET - BALTIC BRIEFING
Capesize The market showed variability over the past week, as most routes were active yet sentiment differed from region to region. The Pacific ...


   1 2 3 4 5   
Showing 6 to 10 news of total 5507
News by Category
Popular News
 
Total Members : 26,333
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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