COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target. According to Irwan Budiarto analyst at Bahana Securities, US ...


Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts. The API 5 index represents 5,50 ...


Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points. The Cape index also was down by 5.78 pct closing a ...


Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...


Friday, 08 June 12
MINISTER DENIES COAL EXPORT TAX PLAN, ENDORSES RESTRICTIONS - THE JAKARTA POST
The Jakarta post, one of the leading english news paper in Indonesia reported that, Energy and Mineral Resources Minister Jero Wacik has denied that ...


   938 939 940 941 942   
Showing 4696 to 4700 news of total 6871
News by Category
Popular News
 
Total Members : 28,695
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Indian Oil Corporation Limited
  • Thriveni
  • EMO - The Netherlands
  • IMC Shipping - Singapore
  • Barclays Capital - USA
  • Thailand Anthracite
  • Mercator Lines Limited - India
  • Medco Energi Mining Internasional
  • Pipit Mutiara Jaya. PT, Indonesia
  • DBS Bank - Singapore
  • Britmindo - Indonesia
  • CoalTek, United States
  • Krishnapatnam Port Company Ltd. - India
  • SN Aboitiz Power Inc, Philippines
  • Platts
  • Mercuria Energy - Indonesia
  • SUEK AG - Indonesia
  • Georgia Ports Authority, United States
  • Marubeni Corporation - India
  • Karbindo Abesyapradhi - Indoneisa
  • Coal Orbis AG
  • Bahari Cakrawala Sebuku - Indonesia
  • South Luzon Thermal Energy Corporation
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Independent Power Producers Association of India
  • Bharathi Cement Corporation - India
  • Eastern Coal Council - USA
  • NTPC Limited - India
  • Coastal Gujarat Power Limited - India
  • The India Cements Ltd
  • Argus Media - Singapore
  • The University of Queensland
  • Cemex - Philippines
  • Deutsche Bank - India
  • Eastern Energy - Thailand
  • Mitra SK Pvt Ltd - India
  • Bhushan Steel Limited - India
  • Sree Jayajothi Cements Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • RBS Sempra - UK
  • Kapuas Tunggal Persada - Indonesia
  • Latin American Coal - Colombia
  • Vedanta Resources Plc - India
  • Therma Luzon, Inc, Philippines
  • Maharashtra Electricity Regulatory Commission - India
  • Platou - Singapore
  • Coal and Oil Company - UAE
  • Fearnleys - India
  • Thomson Reuters GRC
  • MS Steel International - UAE
  • Orica Mining Services - Indonesia
  • SGS (Thailand) Limited
  • ING Bank NV - Singapore
  • Reliance Power - India
  • Maybank - Singapore
  • TeaM Sual Corporation - Philippines
  • Semirara Mining and Power Corporation, Philippines
  • Merrill Lynch Commodities Europe
  • J M Baxi & Co - India
  • Bulk Trading Sa - Switzerland
  • Aboitiz Power Corporation - Philippines
  • Tata Chemicals Ltd - India
  • KPMG - USA
  • Credit Suisse - India
  • Glencore India Pvt. Ltd
  • Bayan Resources Tbk. - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Indonesia Power. PT
  • Sinarmas Energy and Mining - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Orica Australia Pty. Ltd.
  • Tanito Harum - Indonesia
  • Ministry of Mines - Canada
  • Xstrata Coal
  • Africa Commodities Group - South Africa
  • Peabody Energy - USA
  • Metalloyd Limited - United Kingdom
  • Edison Trading Spa - Italy
  • Globalindo Alam Lestari - Indonesia
  • Meralco Power Generation, Philippines
  • San Jose City I Power Corp, Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • Mjunction Services Limited - India
  • Oldendorff Carriers - Singapore
  • PLN Batubara - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Altura Mining Limited, Indonesia
  • Bukit Makmur.PT - Indonesia
  • Coalindo Energy - Indonesia
  • Energy Link Ltd, New Zealand
  • Romanian Commodities Exchange
  • Adaro Indonesia
  • IOL Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Indorama - Singapore
  • Petrosea - Indonesia
  • Jaiprakash Power Ventures ltd
  • Commonwealth Bank - Australia
  • Standard Chartered Bank - UAE
  • Core Mineral Indonesia
  • Rudhra Energy - India
  • Sakthi Sugars Limited - India
  • Vitol - Bahrain
  • WorleyParsons
  • Parliament of New Zealand
  • UOB Asia (HK) Ltd
  • GB Group - China
  • Samsung - South Korea
  • Sindya Power Generating Company Private Ltd
  • TGV SRAAC LIMITED, India
  • Australian Commodity Traders Exchange
  • Banpu Public Company Limited - Thailand
  • TRAFIGURA, South Korea
  • Indonesian Coal Mining Association
  • Rio Tinto Coal - Australia
  • Salva Resources Pvt Ltd - India
  • Total Coal South Africa
  • Panama Canal Authority
  • ASAPP Information Group - India
  • Iligan Light & Power Inc, Philippines
  • Cement Manufacturers Association - India
  • Intertek Mineral Services - Indonesia
  • JPMorgan - India
  • Mechel - Russia
  • Energy Development Corp, Philippines
  • SMC Global Power, Philippines
  • Bukit Baiduri Energy - Indonesia
  • BNP Paribas - Singapore
  • White Energy Company Limited
  • MEC Coal - Indonesia
  • Ambuja Cements Ltd - India
  • Australian Coal Association
  • Rashtriya Ispat Nigam Limited - India
  • Bangkok Bank PCL
  • Bank of America
  • Interocean Group of Companies - India
  • Adani Power Ltd - India
  • Thai Mozambique Logistica
  • Moodys - Singapore
  • Bank of China, Malaysia
  • ETA - Dubai
  • TANGEDCO India
  • Permata Bank - Indonesia
  • Kobe Steel Ltd - Japan
  • Asia Cement - Taiwan
  • Barasentosa Lestari - Indonesia
  • Runge Indonesia
  • Ministry of Finance - Indonesia
  • Deloitte Consulting - India
  • Riau Bara Harum - Indonesia
  • The State Trading Corporation of India Ltd
  • Meenaskhi Energy Private Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • Straits Asia Resources Limited - Singapore
  • KOWEPO - South Korea
  • Simpson Spence & Young - Indonesia
  • PetroVietnam
  • Indo Tambangraya Megah - Indonesia
  • OCBC - Singapore
  • PNOC Exploration Corporation - Philippines
  • U S Energy Resources
  • Malabar Cements Ltd - India
  • NALCO India
  • Petrochimia International Co. Ltd.- Taiwan
  • Inco-Indonesia
  • Directorate Of Revenue Intelligence - India
  • Coal India Limited
  • Berau Coal - Indonesia
  • Wilmar Investment Holdings
  • LBH Netherlands Bv - Netherlands
  • PowerSource Philippines DevCo
  • Miang Besar Coal Terminal - Indonesia
  • Mintek Dendrill Indonesia
  • Borneo Indobara - Indonesia
  • Madhucon Powers Ltd - India
  • Kaltim Prima Coal - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Anglo American - United Kingdom
  • London Commodity Brokers - England
  • CESC Limited - India
  • GHCL Limited - India
  • Freeport Indonesia
  • OPG Power Generation Pvt Ltd - India
  • BRS Brokers - Singapore
  • Petron Corporation, Philippines
  • Uttam Galva Steels Limited - India
  • Singapore Mercantile Exchange
  • Jindal Steel & Power Ltd - India
  • TNPL - India
  • Ind-Barath Power Infra Limited - India
  • Mitsubishi Corporation
  • Lanco Infratech Ltd - India
  • Minerals Council of Australia
  • Tamil Nadu electricity Board
  • Dalmia Cement Bharat India
  • Ministry of Transport, Egypt
  • Cosco
  • IBC Asia (S) Pte Ltd
  • Samtan Co., Ltd - South Korea
  • Global Green Power PLC Corporation, Philippines
  • Ince & co LLP
  • bp singapore
  • Enel Italy
  • Noble Europe Ltd - UK
  • Qatrana Cement - Jordan
  • VISA Power Limited - India
  • Wood Mackenzie - Singapore
  • Cebu Energy, Philippines
  • Leighton Contractors Pty Ltd - Australia
  • Indian Energy Exchange, India
  • Vijayanagar Sugar Pvt Ltd - India
  • Indogreen Group - Indonesia
  • Clarksons - UK
  • Kepco SPC Power Corporation, Philippines
  • SMG Consultants - Indonesia
  • Port Waratah Coal Services - Australia
  • Carbofer General Trading SA - India
  • Chamber of Mines of South Africa
  • Larsen & Toubro Limited - India
  • Formosa Plastics Group - Taiwan
  • Cigading International Bulk Terminal - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Trasteel International SA, Italy
  • Shree Cement - India
  • Gupta Coal India Ltd
  • Humpuss - Indonesia
  • Idemitsu - Japan
  • Bangladesh Power Developement Board
  • Bhoruka Overseas - Indonesia
  • Sucofindo - Indonesia
  • India Bulls Power Limited - India
  • UBS Singapore
  • JPower - Japan
  • Malco - India
  • Pendopo Energi Batubara - Indonesia
  • Coeclerici Indonesia
  • Binh Thuan Hamico - Vietnam
  • GN Power Mariveles Coal Plant, Philippines
  • Indian School of Mines
  • Maheswari Brothers Coal Limited - India
  • GMR Energy Limited - India
  • Ernst & Young Pvt. Ltd.
  • Electricity Generating Authority of Thailand
  • Savvy Resources Ltd - HongKong
  • Vizag Seaport Private Limited - India
  • IHS Mccloskey Coal Group - USA
  • Vale Mozambique
  • Infraline Energy - India
  • CIMB Investment Bank - Malaysia
  • AsiaOL BioFuels Corp., Philippines
  • The Treasury - Australian Government
  • Tata Power - India
  • Economic Council, Georgia
  • Antam Resourcindo - Indonesia
  • Lafarge - France
  • Geoservices-GeoAssay Lab
  • globalCOAL - UK
  • Russian Coal LLC
  • Shenhua Group - China
  • Gresik Semen - Indonesia
  • World Coal - UK
  • EIA - United States
  • Pinang Coal Indonesia
  • Price Waterhouse Coopers - Russia
  • Goldman Sachs - Singapore
  • Global Business Power Corporation, Philippines
  • Cardiff University - UK
  • Planning Commission, India
  • Maruti Cements - India
  • Bhatia International Limited - India
  • Indika Energy - Indonesia
  • Videocon Industries ltd - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Kohat Cement Company Ltd. - Pakistan
  • Gujarat Sidhee Cement - India
  • GAC Shipping (India) Pvt Ltd
  • Siam City Cement PLC, Thailand
  • Cargill India Pvt Ltd
  • KEPCO - South Korea
  • Inspectorate - India
  • International Coal Ventures Pvt Ltd - India
  • Parry Sugars Refinery, India
  • TNB Fuel Sdn Bhd - Malaysia
  • Global Coal Blending Company Limited - Australia
  • Sojitz Corporation - Japan
  • Thiess Contractors Indonesia
  • Attock Cement Pakistan Limited
  • Kumho Petrochemical, South Korea
  • ACC Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Baramulti Group, Indonesia
  • Semirara Mining Corp, Philippines
  • Star Paper Mills Limited - India
  • McKinsey & Co - India
  • Chettinad Cement Corporation Ltd - India
  • Karaikal Port Pvt Ltd - India
  • Maersk Broker
  • CCIC - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Grasim Industreis Ltd - India
  • Sical Logistics Limited - India
  • Kideco Jaya Agung - Indonesia
  • PTC India Limited - India
  • Thermax Limited - India
  • ICICI Bank Limited - India
  • Jatenergy - Australia
  • ANZ Bank - Australia
  • Heidelberg Cement - Germany
  • Posco Energy - South Korea
  • Electricity Authority, New Zealand
  • KPCL - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Arch Coal - USA
  • Alfred C Toepfer International GmbH - Germany
  • Directorate General of MIneral and Coal - Indonesia
  • Coaltrans Conferences
  • PLN - Indonesia
  • Makarim & Taira - Indonesia
  • HSBC - Hong Kong
  • McConnell Dowell - Australia
  • Toyota Tsusho Corporation, Japan
  • Sarangani Energy Corporation, Philippines
  • Power Finance Corporation Ltd., India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Xindia Steels Limited - India
  • Central Java Power - Indonesia
  • Mitsui
  • Asian Development Bank
  • Gujarat Electricity Regulatory Commission - India
  • Renaissance Capital - South Africa
  • Asmin Koalindo Tuhup - Indonesia
  • APGENCO India
  • Manunggal Multi Energi - Indonesia
  • SASOL - South Africa
  • Aditya Birla Group - India
  • Siam City Cement - Thailand
  • GNFC Limited - India
  • Agrawal Coal Company - India
  • World Bank
  • SRK Consulting
  • Holcim Trading Pte Ltd - Singapore
  • Merrill Lynch Bank
  • IEA Clean Coal Centre - UK
  • New Zealand Coal & Carbon
  • Arutmin Indonesia
  • Central Electricity Authority - India
  • Japan Coal Energy Center
  • Essar Steel Hazira Ltd - India
  • Surastha Cement
  • GVK Power & Infra Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • CNBM International Corporation - China