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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$275 per ton in Q I/2011.
Borneo seals 3 years exclusive marketing agreements with Glencore for 2 million tons per year with 4.5% fee. In 2011, Borneo plans to enlarge production to 3.8 million tons where 2 million tons has contracted with a buyer from China.
About 99% of Borneo Lumbung Energy shares owned by PT Republik Energi Metal where 99% of its shares is under controlled of PT Republik Komoditi management.
Source: Insider Strories
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Tuesday, 08 March 11
US$ 8 BILLION WORTH OF INFRASTRUCTURE PROJECTS IN PIPELINE IN INDONESIA - WOOD MACKENZIE
India’s Increasing Demand for Thermal Coal Cannot Be Satisfied Without Emerging Coal Areas in Indonesia - Wood Mackenzie
At Coa ...
Tuesday, 08 March 11
INDIA'S VEDANTA TO ACQUIRE COAL MINES IN OVERSEAS
COALspot.com - India's Vedanta group is also looking at long-term off take agreements and possible acquire of coal mines overseas, the official sai ...
Tuesday, 08 March 11
MINERS SAY VALUE-ADDED LAW WILL HURT IN THE LONG RUN - THE JAKARTA GLOBE
The Jakarta Globe reported that, Government plans to require miners to give added value to their exported commodities could end up costing the count ...
Tuesday, 08 March 11
THE PANAMAX MARKET THIS WEEK FIRMED UP - BRS
Underlining the unpredictability of the current market, rates for all dry bulk segments swung up again last week. Stronger exports out of South Amer ...
Sunday, 06 March 11
THE S6 ROUTE MAY CONTINUE TO BE FIRM - VISTAAR
COALspot.com - The freight market was firm this week with all indices up. The BDI , Cape Index and Panamax index was up by almost 9 pct where as Sup ...
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- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Australian Coal Association
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Ministry of Transport, Egypt
- The University of Queensland
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
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