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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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Saturday, 18 February 23
PAKISTAN PLANS TO QUADRUPLE DOMESTIC COAL-FIRED POWER, MOVE AWAY FROM GAS - REUTERS
Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming ...
Saturday, 18 February 23
2023 MARINE FUEL MARKET PREDICTIONS - JOHN BERGMAN, AURAMARINE
The drive for decarbonisation we witnessed in 2022 has continued into 2023, demonstrating the shipping’s industry positive strides in the fas ...
Saturday, 28 January 23
COAL GROWTH BLIP NOT TO BE REPEATED - BALTIC EXCHANGE
As 2022 drew to a close, global coal demand looked set to end the year just 1.2% up on the previous year. But that small increase was enough to pus ...
Thursday, 26 January 23
CHINA'S COAL OUTPUT INCREASES IN DECEMBER 2022 - XINHUA
China’s raw coal output posted stable expansion in December 2022, official data showed.
The country produced 400 million tonne ...
Thursday, 26 January 23
COKING COAL NARROWS THE GAP ON THERMAL AS CHINA REOPENS - REUTERS
The premium of high-grade thermal coal over coking coal in Asia is shrinking as China’s re-opening and ending of a ban on imports from Austra ...
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- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- The University of Queensland
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Australian Coal Association
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
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