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Friday, 25 March 11
BORNEO ENERGI FY10 NET INCOME SOARS - INSIDER STORIES
Coking coal producer PT Borneo Lumbung Energi Tbk (BORN) booked a skyrocket net income by 499.72% from net loss position in 2009, as quoted by Insider Stories.
Insider Stories further said, the achievement was amid to significant growth on operating income by 1,272.26% due to the surging coking coal price and bigger production volume in 2010.
Borneo Energi successfully booked IDR348.85 billion net profit from IDR99.78 billion net loss in 2009.
In line with the advancing net profit, Borneo operating income skyrocket 2,012.04% to IDR1.01 trillion from IDR49.32 billion. Their operating margin rose 36.73% from 24.59%. Gross profit surged 1,526.25% to IDR1.50 trillion from IDR92.34 billion. Operating income increased 1,272.26% to IDR2.75 trillion from IDR200.52 billion. The revenue is in line with the target set some time ago.
This realization is beyond CIMB Securities estimation in which Borneo was predicted to book IDR2.56 trillion revenue in 2010. However, it is smaller that IDR2.96 trillion as predicted by Morgan Stanley Securities.
For 2010, Borneo is estimated to record 1.65 million tons sales volume with average selling price at US$185 per ton.
Based on latest research by Mandiri Sekuritas, Borneo Energi is projecting coking coal average selling price at US$240-US$275 per ton in Q I/2011.
Borneo seals 3 years exclusive marketing agreements with Glencore for 2 million tons per year with 4.5% fee. In 2011, Borneo plans to enlarge production to 3.8 million tons where 2 million tons has contracted with a buyer from China.
About 99% of Borneo Lumbung Energy shares owned by PT Republik Energi Metal where 99% of its shares is under controlled of PT Republik Komoditi management.
Source: Insider Strories
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Thursday, 28 April 11
BALTIC DRY INDEX NUDGES UP AFTER DAYS OF LOSSES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After consecutive falls, the dry bulk freight market, as followed through the Baltic Dry Index, finally caught a breather yesterday, with the BDI ma ...
Wednesday, 27 April 11
KEWESPO CALLS FOR 765KT OF THERMAL COAL
COALspot.com - South Korea's East-West Power Co's (KEWESPO) has issued a tender to buy total 765,000 tonnes of thermal coal for delivery between J ...
Wednesday, 27 April 11
HARUM ENERGY TO PAY RP 659.1B IN DIVIDENDS - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miner Harum Energy is planning to pay out Rp 659.1 billion (US$76.46 million) in dividends this year ...
Wednesday, 27 April 11
TSIS $5 MILLION PLANT TO START PRODUCING UPGRADED COAL - THE JAKARTA POST
The Jakartapost reported that, PT Total Sinergy International (TSI), in association with Agritrade Resources Limited of Hong Kong, will upgrade its ...
Wednesday, 27 April 11
RAIN CONSIDERS COAL MINES TAKEOVER - INSIDER STORIES
Indonesian's tenth largest coal miner in term of coal concession, PT Resource Alam Indonesia Tbk (KKGI), is considering to acquire several coalmine ...
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- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
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