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
Thursday, 24 June 10
INDONESIAS BUMI DECLARED US$ 57.1 MILLION (AMOUNTING TO 30% OF 2009 NET INCOME) AS DIVIDEND


COALspot.com: PT Bumi Resources, Tbk’s Annual General Meeting (AGM) today was successfully held with a quorum of 75.89% resulting in shareholders approving all agendas proposed in both the AGM and the subsequent Extraordinary General Meeting (EGM) including the execution of non-preemptive issue, collateralization of the company’s assets, as well as strengthening of the company’s management according to statement issued by Bumi's Director cum Corporate Secretary, Dileep Srivastava.

BUMI is Asia's fastest & the World's 2nd fastest growing coal company operating multi mines in Indonesia.

A dividend amounting $57.1million was declared amounting to 30% of 2009 net income.

“We are thankful to the shareholders for approving the management’s proposal that will provide the company with strong base to realize stronger operational and financial performance with reduced debts in the coming year,” said BUMI President Director Ari Hudaya.

With the approved agenda, BUMI will implement its first step of the $1 billion deleveraging program announced last year- beginning with the significant reduction in debt from the non-preemptive issue. With a significant debt reduction, the company aims to boost financial performance through higher coal prices, sales, production, stronger internal cash flows and lower interest charges. 

The  statement further said that, Bumi is on track to achieving sales of +64 m tons (vs 58 m tons in FY'09), production + 67 m tons (vs 63 m tons in FY09) at an average fob price of minimum $67/ton. (vs $63/ton in FY09) with an exponential rise in EBITDA
.(cs)



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

Recent News

Tuesday, 06 July 10
KEPCO, POSCO BUY AUSTRALIAN COAL MINES - CHOSUN
Chosun reported that, Electricity monopoly KEPCO and steelmaker POSCO have both bought coal mines in Australia. KEPCO signed a 400 million Austra ...


Tuesday, 06 July 10
SHENHUA GROUPS 2013 PROFIT MAY EXCEED $15 BILLION - BUSINESS WEEK
Business Week reported that, Shenhua Group Corp., China’s biggest coal producer, expects profit to exceed 100 billion yuan ($15 billion) by 20 ...


Saturday, 03 July 10
THE FREIGHT MARKET CONTINUES TO BE UNCERTAIN - CAPT. REDDY
COALspot.com: The market continues to soften and the most affect sector was Panamax which was down by almost 20 pct and closed at 2447 points. The C ...


Friday, 02 July 10
SARDA ENERGY TO ACQUIRE COAL MINES IN INDONESIA
India Info Line reported that, Sarda Energy & Minerals Ltd has announced that the authorities in Indonesia have granted the Environment Cle ...


Friday, 02 July 10
DRY BULK MARKET ON A FREEFALL, REACHING ITS LOWEST IN 9 MONTHS
The Baltic Dry Index is off to break more negative records this week, as the dry bulk shipping industry’s main benchmark has failed to find ro ...


   1147 1148 1149 1150 1151   
Showing 5741 to 5745 news of total 6871
News by Category
Popular News
 
Total Members : 28,622
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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