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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.
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Friday, 29 March 13
SUB-BIT INDONESIA COAL SWAPS: UP 0.55 % WOW; CFR SOUTH CHINA COAL CONTRACT: UP 0.23 % WOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.55 percent and CFR South China coal shipment&nbs ...
Thursday, 28 March 13
SHIP OWNERS KEEN ON ACQUIRING SECOND HAND TONNAGE, AS WELL AS NEW BUILDINGS IN CONVENTIONAL SEGMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The recent rally of the Baltic Dry Index (BDI), coupled with renewed optimism, at least in some parts of the wet market, have prompted many ship own ...
Wednesday, 27 March 13
PTBA HAS CONCLUDED US$ 16.14 BILLION WORTH OF COAL SALES AND PURCHASE AGREEMENT WITH PLN
COALspot.com - PT. Bukit Asam, a 32 years old Indonesian state owned coal miner has signed a coal sales and purchase agreement with PT PLN, (a state ...
Wednesday, 27 March 13
SHIPPING CONFIDENCE REACHES HIGHEST LEVEL FOR TWO YEARS - MOORE STEPHENS
Overall confidence levels in the shipping industry recovered to their highest level for two years in the three months ended February 2013, according ...
Tuesday, 26 March 13
NEWCASTLE PORT SHIPPED 2.39 MMT OF COAL W/E 25 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2.396 million tons of thermal and coking coal for week ended 0700 hours 25 March 2013, N ...
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- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Siam City Cement - Thailand
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- The State Trading Corporation of India Ltd
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- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
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- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
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- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- PTC India Limited - India
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
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