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Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI
COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no plan to review their existing expansion plan for 2013 due to current coal price weakness. According to Dileep Srivastava' company’s corporate secretary’s E-mail note Bumi will stand on their 2013 expansion plan without any change.
"We view present spot weakness as temporary, seasonal and rise as winter approaches", Dileep shows his optimistic on future coal prices.
Bumi is also planning to drop strip ratio to 10:1 this year (vs 11.5:1 last year) to keep their production cost under control. Bumi supplies 20% of its total production to domestic market and remaining 80% for export market.
“Japan, India & China are account for 50% of our exports. Taiwan, Hong Kong, South Korea, Malaysia and Philippines are the rest with some to Europe”, he replied in E-mail.
Due to sudden dropped in coal prices there were number of cancellation or delay in performing coal shipments including re-negotiation on contracted prices from Indonesia. However, Its seems that, BUMI has not affected delays or cancellation. “A shipment delay or two (including local) but no request for re-pricing” Bumi’s note says.
According to Dileep, Bumi’s 67% of year '12 estimated production (of 75 m tons) has been contracted at fixed price. The contracted price was at around +$85/ton FOB. The remaining 15% of quantity has been sold index linked price (GCNEWC index (global Newcastle) for Asia Market) with a fixed premium. (updated on 23/6/2012 - 00:08 SG time)
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Thursday, 05 July 12
BUMI ACHIEVES HIGHER SELLING PRICE IN FIRST QUARTER
COALspot.com - PT Bumi Resources Tbk (BUMI), Indonesia's largest coal producer and exporter, has successfully maintained a higher sales margin, des ...
Tuesday, 03 July 12
DRY BULK MARKET INCHED FORWARD AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward at the beginning of the new week, prior to the US holidays regarding the celebration of the 4th of July, which is ...
Monday, 02 July 12
ORPHEUS STRENGTHENS REVENUE STREAM WITH NEW ROYALTY AGREEMENT AT THE B2 COAL PROJECT
Orpheus Energy (ASX:OEG) is pleased to advise that it has executed a life of mine Royalty Agreement with Indonesian mining contractor PT Debbia Mini ...
Monday, 02 July 12
DRY BULK DEMAND TO RISE TO 3.6 BILLION TONNES IN 2012, BUT NEW BUILDING DELIVERIES ARE
In its latest analysis on the dry bulk market fundamentals, DVB Bank said that dry bulk cargo demand is forecast to rise to approximately 3.6 billio ...
Sunday, 01 July 12
AUSTRALIAS CARBON TAX - SUNIL K KUMBHAT
COALspot.com - Climate Change
Climate change and global warming have now become buzzwords the world over. The disastrous consequences for global ...
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- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- The University of Queensland
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Planning Commission, India
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
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