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Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for the fuel and as production costs fell.
Net income rose to $124.5 million from $103.3 million a year earlier, the company said in an emailed statement late yesterday. Sales advanced 14 percent to $752.9 million, it said.
Bumi’s coal selling price in the first quarter gained 30 percent to $75.4 a ton on average while production costs fell 11 percent, the Jakarta-based company said. That helped to more than offset a 1.2 million ton drop in output volume, it said.
Thermal-coal prices at Australia’s Newcastle port, the world’s largest export hub for the fuel, reached a record last year and have since declined on concern the global recession will curb energy use.
The first quarter “was again a challenging period on account of continuing unusually heavy rainfall which hampered mining activity,” Dileep Srivastava, head of investor relations, said in the statement. Still, Bumi should meet its output and sales growth target of more than 10 percent this year, he said.
Shares of Bumi rose 2.7 percent to 1,520 rupiah in Jakarta on May 1. They have risen 67 percent so far this year, compared with a 28 percent gain in the benchmark Jakarta Composite index.
Source: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aI9m8jUkKfe0
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Wednesday, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a ...
Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...
Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...
Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 pe ...
Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...
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- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
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