We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 23 April 13
INDONESIAN STATE OWNED COAL MINER SHIPPED 4 PERCENT MORE COAL IN 1Q
 COALspot.com - PT. Bukit Asam, the Indonesian state owned coal miner shipped more coal in first quarter of this year compared to the same period in a year ago.
“For the period 1Q’13, PTBA’s coal sales jumped up 17 percent (YoY) from 3.9 Mt to 4.5 Mt. The export increases by 4% (YoY) to 0.8 million tons. The increase was in line with the company sales target of 55 percent for export market and 45 percent domestic in 2013.
The company further said in its report, the company has allocated more high calorific value coal in 1Q for export, which drives higher exports volume”.
PTBA has hauled 8 percent more coal (3.15 Mt) through its existing railway YoY. In the meantime, IPC one of the company’s subsidiary company, has produced 13 percent (YoY) less coal in 1Q (from 3.4 Mt to 2.9 Mt). Average strip ratio for 1Q 2013 was lower to 3.2:1 compared previously 4.1:1.
The company has booked sales of IDR 2.78 trillion (approximately US$ 286,008,230), down 8% YoY from IDR 3.02 Trillion (approximately US$ 310,699,588) in 1Q. According to company, the sales value was dropped due to the weakening of global coal prices in 1Q’ 13. However, the company able to achieved weighted average selling price of IDR 613,810 (US$ 63.14) per ton in 1Q’ 13.
The company has booked IDR 0.49 trillion (approximately US$ 50,411,522) as profit margin in 1Q’ 13 and, according to company, the margin was most influenced by sales volume, average selling prices and coal closing inventory. Company’s gross profit margin and net profit margin were 34% and 18% respectively.
PTBA is targeted produce / sell 20.68 million tons or 35 percent higher coal compared to last year quantity of 15.3 Mt in 2013, the statement said. The efforts of this increasing sale are in line with the increasing performances of railway transportation and coal outputs from its subsidiaries, both IPC and trading company Bukit Asam Prima.
The railway capacity is expected to reach 15.69 Mt or up 31.8 percent YoY from 11.9 Mt of FY2012. An additional of 44 more locomotives and 230 wagons are expected to arrive by June 2013 to support company’s future coal hauling activities. The subsidiary IPC coal output for 2013 is also expected to increase 1 Mt from 0.9 Mt in 2012. Bukit Asam Prima is targeting to sell 1.6 Mt in 2013.
In an effort of maintaining the efficiency and low production cost, the company has its owned 3x10 MW power plant to fulfill the internal electricity consumption to operate the whole mining system in Tanjung Enim.
In 2013, the company also keep doing the selective mine planning and mine optimization through strip ratio in the range of 4:1 to keep the production cost under control. In addition, the expanded port infrastructures in Tarahan Lampung will start its operation in October 2013. Once the expanded port infrastructure is in operation, the company can accept vessels of 150,000DWT and 80,000DWT at the same time for loading. The company is believes that, the commencement of this port operation will enhance the efficiency of shipping and port handling costs, the company said in its press release today.
PTBA has allocated total capital expenditure of IDR 2.2 trillion (approximately US$ 234,567,901) in 2013. Of which 80% dedicated for the infrastructures development in Tanjung Enim mine, Kertapati port and Tarahan port. While the remaining 20% allocated for routine maintenance.
PTBA’s other new projects in pipe line:
- The Construction of the power plant for the internal use (3x10MW and 2x8MW).
- The construction of 3x10MW in Tanjung Enim mine (mine mouth power plant) which will burn waste coal as its fuel.
- The Excess of power capacity from the power plant is estimated at 6MW has been agreed to be sold to the PLN with a tariff of IDR787.2/kwh. (approximately US$ 0.080 / kwh)
- The 2x8 MW power plants which still being built will be utilized to provide power to the daily operational needs of Tarahan port.
- The Expansion of Tarahan port with the throughput up to 25 Million tons per year.
- The Expansion of The Existing Railway to be 22.7 million tons in 2014.
- The Newly Developed Railway Project from Tanjung Enim to Lampung with a capacity of 25 million tons per year.
- A Coal Bed Methane project.
- Mine Mouth Power Plants 2x110MW, 2x620MW and 800 to 1.200 MW in several locations.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 10 April 13
US COAL CONSUMPTION TO INCREASE FROM 889 MMST IN 2012 TO 948 MMST IN 2013 AND 957 MMST IN 2014 - EIA
Based on estimates for the first quarter of 2013, American coal production has continued to decline.
Total production is down 9.9 million short t ...
Wednesday, 10 April 13
DRY BULK FREIGHT RATES SEEN MOSTLY STABLE IN THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
In its latest report, BIMCO forecast that for the coming six weeks, Capesize time charter average rates will remain subdued around $4,500-8,500 per ...
Monday, 08 April 13
SUB-BIT INDONESIA COAL SWAPS: UPWARD TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 2.71 percent and CFR South China coal shipment&nbs ...
Sunday, 07 April 13
CHARTER RATES ARE UNDER PRESSURE DUE TO DECLINING DEMAND - VISTAAR
COALspot.com - The freight market continued to fall further with all the indices down.
The BDI was down by 5.38 pct closing at 861 points and the ...
Friday, 05 April 13
SGX API 8 CFR SOUTH CHINA COAL SWAPS TO GO LIVE
COALspot.com - The Exchange has announced that the SGX API 8 CFR South China Coal Swap will go live for clearing on SGX-DC starting from 29 Ap ...
|
|
|
Showing 4321 to 4325 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Central Electricity Authority - India
- GMR Energy Limited - India
|
| |
| |
|
