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Friday, 18 November 11
BERAU COAL 9M PROFIT SOARS 194.46% - INSIDER STORIES


Insider Stories reported that, PT Berau Coal Energy Tbk (BRAU), which is 84.7% owned by Bumi Plc, reported a 194.46% jump in net profit by end of September this year from the prior period on the back of strong growth in sales.

In September's financial statement filed to Indonesia Stock Exchange today, Berau Coal posted US$132.45 million net profit in 9M 2011 from US$44.98 million in 9M 2010. Operating profit rose 84.46% to US$413.99 million from US$224.43 million.

The company booked a 58.12% increase in sales to US$1.21 billion from US$763.39 million. Berau Coal produced 14.3 million tons in 9M 2011 and is expected to meet the 20 million tons target for 2011. In Q3 2011, Berau recorded 5.3 million tons of coal, an increase of 23% over Q3 2010.

Berau Coal achieved an average selling price per ton in the third quarter of US$87 per ton.
Source: Insider Stories



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Recent News

Tuesday, 01 November 11
DRY BULK MARKETS CORRECTION SPILLS OVER ONTO NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is losing steam, as evidenced by the falls experienced last week, which were also apparent at the beginning of the new week. A l ...


Monday, 31 October 11
CHINAS HUNGER FOR INDONESIAN COAL AT THREE YEAR-HIGH AS WINTER NEARS - JOSEPH KIRSCHKE
COALspot.com - Chinese demand for power-station coal from Indonesia has soared to its highest level in three years, as central heating plants and po ...


Saturday, 29 October 11
ATLAS RESOURCES SEALS US$95 MIO LOAN - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, has secured US$95 mill ...


Saturday, 29 October 11
INDONESIA TO INDIA FREIGHT LIKELY TO REMAIN SOFT
COALspot.com - The market continued to slow down and all segment were down this week. The biggest drop was in the Cape Index down by 8.19 pct&nbs ...


Friday, 28 October 11
RISING COAL PRICES TO WORSEN CHINA'S WINTER POWER CRUNCH - CRI ENGLISH
CRI English reported that, the rising price of coal is fueling concerns about a power crunch set to plague China this winter, analysts said. The ...


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