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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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Monday, 28 February 11
COAL INDIA HIKES PRICES BY 12% FOR SELECT CONSUMERS - ECONOMIC TIMES
Economic Times reported that, Coal India has raised prices by an average 12% for some of its consumers from Sunday, boosting its revenue by 6,000 cr ...
Saturday, 26 February 11
CIL TO HIKE COAL PRICES BY 15 PC FROM TONIGHT - THE TIMES OF INDIA
The Times of India reported that, an Indian State-run coal producer, Coal India will raise the price of coal on an average by about 15 per cent with ...
Saturday, 26 February 11
SUPRAMAX INDEX WAS UP ABOUT 10 PERCENT THIS WEEK - VISTAAR
COALspot.com - The market started on a weak note and seemed to have lost the momentum seen the previous week. The main sectors affected were Cape an ...
Saturday, 26 February 11
PEABODY ENERGY ENTERS INTO COAL SOURCING AGREEMENT ACCESSING INDONESIAN COAL FOR EXPORT
Peabody Energy today said it has entered into an agreement with Indonesia's PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asi ...
Thursday, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...
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- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Planning Commission, India
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
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