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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$275 per ton in Q I/2011.
Borneo seals 3 years exclusive marketing agreements with Glencore for 2 million tons per year with 4.5% fee. In 2011, Borneo plans to enlarge production to 3.8 million tons where 2 million tons has contracted with a buyer from China.
About 99% of Borneo Lumbung Energy shares owned by PT Republik Energi Metal where 99% of its shares is under controlled of PT Republik Komoditi management.
Source: Insider Strories
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Thursday, 10 February 11
SUPRA RATES IMPROVED A LITTLE OVER US$ 6K BSS N. CHINA DELIVERY FOR INDO-INDIA AND THAILAND ROUNDS - FEARNBULK
Handy
Atl is still weak with little fresh enquiry and an accumulation of spot tonnage.Owners are reluctant to send tonnage thru Suez due to uncert ...
Thursday, 10 February 11
BUKIT ASAM EXPECTS ABOVE RP 3 TRIO PROFIT
The state-owned coal miner PT Tambang Bukit Asam Tbk (PTBA) expects to reach 2011's net profit above Rp 3 trillion (US$ 336,322,568) from above Rp2 ...
Wednesday, 09 February 11
INDONESIA ALLOWED 60 COAL TRADING COMPANIES TO EXPORT COAL
COALspot.com - A temporary ban imposed on coal traders in January has lifted this week. As of today 60coal trading companies were allowed to resume ...
Tuesday, 08 February 11
INDIA'S SIMHAPURU TARGETS S.AFRICAN COAL - ECONOMIC TIMES
Economic Times reported that, India's Simhapuri Energy , a unit of the Madhucon Group , wants to buy new or existing collieries in South Africa fro ...
Tuesday, 08 February 11
PUSTAKA JAYA PALU POWER LOOKING FOR 5800 GAD COAL
COALspot.com - According to market information, PT Pustaka Jaya Palu Power, a power plant operator of the Mpanau plant, Palu, Sulawesi has invited c ...
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- Vijayanagar Sugar Pvt Ltd - India
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- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
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- Iligan Light & Power Inc, Philippines
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- Toyota Tsusho Corporation, Japan
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- Australian Coal Association
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
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- GAC Shipping (India) Pvt Ltd
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
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- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
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- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
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- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
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- Posco Energy - South Korea
- Wilmar Investment Holdings
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- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
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- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
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- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
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