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Tuesday, 23 August 11
COAL DEMAND IS REMAINED STRONG IN SPITE OF CURRENT GLOBAL ECONOMIC UNCERTAINTY - BUMI
COALspot.com - Indonesia's largest coal producer, PT Bumi Resources, Tbk (BUMI)'s sales revenue has increased to US$1.79 billion (compared with US$1.44 billion yoy), a 42 percent increase in operating income to US$549 million (from US$386 million yoy) and a 9 percent increase in net income to US$ 274 million in the same period last year, according to the press release of the company.
The statement further said that, the first half 2011 net income of US$274 million for 2011 beats analysts consensus reported by Bloomberg and after adjustment to the new Indo GAAP Standards. This augurs very well for FY 2011 as market conditions continue to be robust for coal.
A highest ever realized fob price of US$91/ton (vs US$67/ton last year) was recorded by the company - this has resulted in an exponential increase of ca 50% increase in cash margin (price less production cash cost) which has overcompensated for the rise in input costs, opening out new mines and impact of rain.
"Consistent with our published Q1’11 results in June’11, the improved financial performance of the company proves our seriousness and capability in meeting the international best practices in accounting, governance and operation in line with our new significant shareholder, Bumi, Plc," said BUMI Director for Investor Relations Dileep Srivastava.
Higher global coal price and demand as well as derivative gains have played a major role in boosting BUMI's first half performance. "Coal demand has remained strong in spite of current global economic uncertainty. The company took various derivative instruments when it leveraged to acquire non coal assets in 2009 - these are now showing gains below the operating income line," added Dileep. Dileep also stated that BUMI remains focused on deleveraging the company's balance sheet including divesting BRMS in the 4thQuarter of this year.
"Our focus remains unchanged including divesting non coal assets and deleveraging our balance sheet as announced last year. And we are on the right track," Dileep said.
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Thursday, 15 September 11
INDIAN GOVT PLANS TO DEVELOP 9 NEW MAJOR PORTS BY 2016 - INVEST MONEY / HELLENIC SHIPPING
The government has announced to make a investment of more than Rs 22,000 crore (approximately US$ 4,623,791,331) to develop nine new major ...
Thursday, 15 September 11
BOTSWANA COAL AND ENERGY CONFERENCE 2011
Press Release - Botswana Coal and Energy Conference 2011 | 29-30 November 2011 | Gaborone. Botswana represents Africa’s exciting new coal and ...
Thursday, 15 September 11
DRY BULK MARKET EDGING FURTHER UP THE SCALE, CLOSING IN ON 2,000 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was up once again yesterday, reaching 1,927 points, or 1.375 higher on the day. Thus, it has kept its rising trend established d ...
Wednesday, 14 September 11
INDO STRAITS BAGS 2.4 MILLION TON COAL TRANSPORTATION CONTRACT FROM ARUTMIN
COALspot.com - PT Indo Straits Tbk (PTIS) bagged a contract to tranship about 2.40 million tons of coal over an initial period of 6 months fro ...
Wednesday, 14 September 11
DUTA PERTIWI DISCOVERS COAL RESERVE - INSIDER STORIES
Insider Stories reported that, PT Duta Pertiwi Nusantara Tbk (DPNS) yesterday steeply jumped 24.56% to Rp710 a share after the company discove ...
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Showing 5081 to 5085 news of total 6871 |
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- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Planning Commission, India
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- PTC India Limited - India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
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