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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)
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Wednesday, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
Wednesday, 30 June 10
U.S. STEAM COAL EXPORTS TO SUPPORT FREIGHT RATES
Booming North American coal exports to China, driven by the country's insatiable need for steel raw materials, will provide support to freight rate ...
Tuesday, 29 June 10
EXPORT LETTER OF CREDIT PLAN DUMPED - THE JAKARTA GLOBE
The Jakartaglobe reported that, Indonesia has canceled a proposed regulation that would have required exporters of commodities such as cocoa, coffee ...
Tuesday, 29 June 10
BUMA TO MOVE AROUND 333 MLN BCM OF OVERBURDEN IN 2010
COALspot.com: PT Delta Dunia Makmur Tbk, holding company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), ...
Tuesday, 29 June 10
DRY BULK'S DOWNFALL FINALLY SHOWING SIGNS OF STABILIZATION
Although the dry bulk market has begun the week where it left off, that is on a downward note, brokers and charterers appear to be on the consensus ...
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- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Planning Commission, India
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
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