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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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Tuesday, 19 April 11
LONDON COMMODITY BROKERS OPENS JOHANNESBURG OFFICE
COALspot.com - London Commodity Brokers (LCB), a broking house specialising in bulk physical and Over-The-Counter commodities and options (coal ...
Tuesday, 19 April 11
TNPL TO CONDUCT E-AUCTION TO SECURE 160,000 MT OF COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL) a state utility of Tamil Nadu, India to conduct reverse auction on 20 April 2011, betw ...
Tuesday, 19 April 11
ADARO TO ALLOT US$100 MIO FOR COKING COAL - INSIDER STORIES
One of Indonesia's largest coal miner PT Adaro Energy Tbk (ADRO) plans to spend US$100 million in coking coal project dubbed IndoMet Coal, a joint ...
Tuesday, 19 April 11
KPCL TO OPEN PRICE BID ON 23 APRIL 2011 TO FINALIZE ITS ONE MILLION MT COAL SUPPLIER
COALspot.com - Karnataka Power Corporation (KPCL) a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 ...
Monday, 18 April 11
INDONESIA HAS SET THE APRIL 2011 COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.02 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the April 2011 Indonesian Coal Reference Price for thermal coal at ...
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- Indian Oil Corporation Limited
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- Orica Mining Services - Indonesia
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- Formosa Plastics Group - Taiwan
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- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
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- Bangladesh Power Developement Board
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- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Chamber of Mines of South Africa
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- CIMB Investment Bank - Malaysia
- PTC India Limited - India
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- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
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- Cigading International Bulk Terminal - Indonesia
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- Indogreen Group - Indonesia
- Sical Logistics Limited - India
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- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
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- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
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- Economic Council, Georgia
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- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
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- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
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- ICICI Bank Limited - India
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- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
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- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
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- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
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- San Jose City I Power Corp, Philippines
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