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Thursday, 15 March 12
RAINS AVERAGE SELLING PRICE OF COAL WENT UP BY 22 % IN 2011
 COALspot.com - PT. Resource Alam Indonesia Tbk, an Indonesian CCoW (3rd Generation) holder reported Wednesday a 171 percent increase in net profits to Rp 450.2 billion (US$48.94 million) last year in light of its expansion plans to be among Indonesia’s top coal producers.
According to company's statement posted on its website, both year-on-Year Production and Sales volume increased by 87.7% compared to FY2010. Production went up from 2,248,865 ton last year to 4,222,139 ton in FY2011, whilst sales went up from 2,209,289 ton last year to 4,146,134 ton in FY2011. Both figures also exceeded FY2011 forecast target of 3,550,000 ton and 3,500,000 ton for production and sales respectively.
Resource Alam focuses on the production and sales of thermal coal through its wholly owned subsidiary PT. Insani Bara Perkasa (“IBP”). IBP holds and operates a 24,477 hectare, 3rd Generation Coal Contract of Work (CCOW) concession in East Kalimantan.
The statement further said, driven by greater Sales Volume and higher Average Selling Price (ASP), Revenue more than doubled by 128.2%, from US$106.2 million last year to US$ 242.5 million in FY 2011. “Royalty” and “Infrastructure Compensation” are reclassified from Operating Expense in FY 2010 to Cost of Goods Sold in FY 2011 to better suit reporting standard.
ASP went up by 22.0% from US$ 48.1/ton last year to US$ 58.5/ton in FY2011. This is largely contributed by improved coal pricing and more favorable contractual terms, with majority of shipments delivered on FOB Vessel basis in FY2011.
Average Production Cost (APC) also went up by 14.0% from US$23.7/ton last year to US$26.9/ton in FY2011, mostly due to higher fuel cost, the company said. Growth in APC is more than compensated by higher growth in ASP as reflected by increasing NPAT margin from 17.1% last year to 21.2% in FY2011. NPAT went up by 182.0% from US$18.2 million last year to U$51.3 million in FY2011.
In October 2011, Resource Alam appointed PT. Britmindo, a mine consulting firm, to conduct its first JORC survey on a 500 hectares area (Zone A) within IBP’s concession. JORC resource report on Zone A was released in January 2012, with reported total coal resource of 56.1 million ton (for that particular area). Reserve report for Zone A is scheduled to be issued by end of March 2012.
Resource Alam appointed Ernst & Young (E&Y) as the Company’s auditor for FY2011.
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Sunday, 18 March 12
BUKIT ASAM'S NET PROFIT IN 2011 ROSE 54% TO US$ 339.56 MILLION
COALspot.com - Company revenue for the period January - December 2011 amounting to Rp 10.6 trillion (approximately US$ 1,164,835,164.84) recorded an ...
Saturday, 17 March 12
THE FREIGHT RATES FOR INDONESIA TO INDIA REMAINED FIRM - VISTAAR SINGAPORE
COALspot.com - The market continued to be firm and all segments were up except for Cape Index which was down by 2.46 pct closing at 1,466 points.
...
Saturday, 17 March 12
INDIAN GOVT FINALIZES DRAFT BILL FOR COAL REGULATOR - PTI
The coal sector would soon get a regulator as the government has finalised a draft bill for the purpose, Coal Minister Sriprakash Jaiswal said Wedne ...
Friday, 16 March 12
THE PACIFIC MARKET IS FIRMING UP - FEARNLEYS AS
Handy
A slightly positive trend was seen last week in the Atlantic. Skaw-Passero deliveries fixed around USD 3k to US Gulf, while US Gulf deliveres ...
Thursday, 15 March 12
RESOURCE ALAM FY11 PROFIT UP 171% - INSIDER STORIES
Insider Stories reported that, coal mining company PT Resource Alam Indonesia Tbk (KKGI) reported a 171.16% jump in net profit last year on the back ...
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- Mercuria Energy - Indonesia
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- The University of Queensland
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- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
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- Chamber of Mines of South Africa
- ASAPP Information Group - India
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- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
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- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
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- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
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- Planning Commission, India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bharathi Cement Corporation - India
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- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
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- Cement Manufacturers Association - India
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- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
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- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
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- Petron Corporation, Philippines
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- Ministry of Mines - Canada
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- Simpson Spence & Young - Indonesia
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- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
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- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- PTC India Limited - India
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
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- Kideco Jaya Agung - Indonesia
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- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
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- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
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- Price Waterhouse Coopers - Russia
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- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
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- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
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- Indo Tambangraya Megah - Indonesia
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- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
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- Altura Mining Limited, Indonesia
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- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
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- Economic Council, Georgia
- Trasteel International SA, Italy
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- White Energy Company Limited
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