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Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI


COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.

"Arutmin is being impacted by rain  with production still relatively close plan. It's not a new issue and in my view is not much more than the usual rain, " said Mr. Dileep Srivastava, Director Cum Corporate Secretary of BUMI. Arutmin is operating multiple pits, and it  helps to make up shortfalls from the affected site(s).

According to E-Mail report, Bumi are expecting to sell  5.5 m tons in Jul '10 - that translates to an annualised 66 million tons - above guidance FY'10 of 64 million tons of thermal coal. KPC, another BUMI's mine is unaffected with comfortable stocks at stockpiles. KPC shipped out 3.96 million tons in Jun '10, which is a record for KPC.

Overall no or negligible impact in BUMI's mines. "We hope to cross FY'10 guidance on all operating parameters", Mr. Dileep further said in his E-mail.



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Recent News

Wednesday, 18 August 10
MADHUCON TO START MINING AT SUMATRA BLOCK IN 2-3 MONTHS
DNA India reported that, Hyderabad-based Madhucon Projects is set to begin mining at one of its coal blocks in Indonesia in 2-3 months, said S Vaiku ...


Tuesday, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major s ...


Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
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Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except ...


Sunday, 15 August 10
THE FREIGHT MARKET IS EXPECTED TO REMAIN FIRM - CAPT REDDY
COALspot.com: The BDI rose by almost 22 pct despite peak holiday season which is usually quite market , where as the BCI up sharply by 46 pct which ...


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