We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 26 August 11
INTRACO EYES US$200 MIO COAL TAKEOVER - INSIDER STORIES
Heavy equipment distributor PT Intraco Penta Tbk, that was founded by Halex Halim, is scouting a coal acquisition with the valuation above US$200 mi ...
Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing ...
Thursday, 25 August 11
PAITON POWER LOOKING FOR 3.96 MILLION TONS OF COAL
COALspot.com - PT Pembangkit Jawa Bali (PJB) is looking for 3.96 million tons coal with calorific value 4,800 kcal/kg on as received basis. Accordin ...
Tuesday, 23 August 11
ICMA CALLS GOVERNMENT TO REVIEW EXPORT BAN REGULATION
COALspot.com - Chairman of the Indonesian Coal Mining Association (ICMA) Bob Kamandanu asks the government to review the regulation that being draft ...
Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION
COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT M ...
|
|
|
Showing 5116 to 5120 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- The University of Queensland
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
|
| |
| |
|
