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
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



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

Recent News

Wednesday, 13 April 11
CAPESIZE VESSELS ARE DELIVERED AT A PACE OF ONE NEW VESSEL EVERY SECOND DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a clear sign that it will take a significant rise in global seaborne dry bulk trade in order to be able to absorb the flurry of new building tonn ...


Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pc ...


Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK
Handy Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to  ...


Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the large ...


Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug ...


   1061 1062 1063 1064 1065   
Showing 5311 to 5315 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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