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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, 29 March 11
JAPAN FACTOR RIPPLING THROUGH THE SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the world watching the latest developments regarding the nuclear crisis in Japan and the devastating effects of the recent tragedy that struck ...
Tuesday, 29 March 11
DUTY EXEMPTION UNLIKELY TO IMPACT COKING COAL PRICES - PTI NEWS
Press Trust of India News reported that, the exemption to certain types of coking coal from customs duty is not likely to impact steel prices at pre ...
Monday, 28 March 11
HARUM ENERGY FY10 EARNING UP 7.23% - INSIDER STORIES
Thermal coal producer PT Harum Energy Tbk (HRUM), controlled by Indonesian businessman Kiki Barki through his son Lawrence Barki, posted a slight in ...
Monday, 28 March 11
IBT RAISES CAPACITY OF PULAU LAUT TERMINAL - THE JAKARTA POST
The Jakarta Post reported that, coal infrastructure and logistics firm PT Indonesia Bulk Terminal (IBT), a subsidiary of PT Adaro Energy Tbk, plans ...
Saturday, 26 March 11
THE FREIGHT MARKET REMAINED A BIT VOLATILE THIS WEEK - CAPT. REDDY
COALspot.com - "The freight market remained a bit volatile this week", says Capt. Reddy, director of Vistaar Shipping Singapore.
Howeve ...
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- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- PTC India Limited - India
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Planning Commission, India
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
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