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Thursday, 22 January 15
BUMI RESOURCES POSTS NET INCOME OF $13.3 MILLION 9M-2014
 COALspot.com: Bumi Resources, Indonesia’s largest coal miner, reported today that, the company has recorded a net income of $13.3 million for Bumi’s controlling interest for the period Jan-Sep’14 (compared to net loss of $377.5 million for the same period in 2013). According to Bumi, a positive income swing of $390.8 million Y-O-Y.
Company’s sales revenue, according to press release, dropped 17% to $2.19 billion for the period Jan-Sep’14 (from $2.65 billion y-o-y) due to lower coal price and the lower 51% KPC stake effective 1 Jul’14.
Bumi has mined 65.2 m tons (from 60.8 m tons YOY) of coal during first 3 quarters in 2014 (up 7%) and coal sales rose 9% to 64 m tons (from 58.6 m tons YOY) for the same period. According to press release, the company’s production cash cost fell 11% to $34.7 per ton of coal mined in January – September 2014 (compared with $41.9 per ton of coal mined in Jan-Sep’13). However, the average selling price fell 19% to $54 per ton over Jan-Sep’14 (from $66.8 per ton in Jan- Sep’13).
Company also noted that, the company’s gross profit during January – September 2014 declined 25% to $420.2 million (from $557.6 m for the same period last year) again due to lower price, and adjustment for lower KPC stake but partially offset by lower strip ratio and higher sales volume.
According to Bumi, coal prices continue to decline this year and whilst the Company is pursuing cost optimization and efficiency programs, sales are being maximized in parallel. The company also looking for an early solution to company’s debt settlement and restructuring process is being progressed including the Court process in Singapore and US. Objective is to bring down debt to sustainable levels as early as possible.
Bumi is also indicates that, BUMI is ready for the next upturn in the coal market whenever this takes place. According to company, every $10 per ton increase in the coal price fetches an incremental EBITDA of $7 per ton to BUMI.
The company’s coal Production capability is now 100 million tons in 2015.
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Monday, 02 February 15
INDONESIA'S ADARO ENERGY PRODUCED 56.21 MILLION TONNES OF COAL IN 2014; UP 8% Y-O-Y
COALspot.com: PT. Adaro Energy, Indonesia’s largest coal producer, has increased coal production by 8% to 56.21 million tonnes (Mt) from both ...
Monday, 02 February 15
API 8 CFR SOUTH CHINA COAL SWAP PICKS UP W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery declined US$ 0.81 (-1.36%) per MT month over month and gained US$ 0.18&nb ...
Monday, 02 February 15
SOUTH KOREA'S KOMIPO INVITES BIDS FOR 280K MT OF SUB-BITUMINOUS COAL
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to buy total 280,000 MT of Sub-bituminous coal coa ...
Sunday, 01 February 15
INDONESIA-TO-INDIA COAL FREIGHT RATES REMAIN WEAK NEXT WEEK
COALspot.com: The BDI continued its fall reached lowest levels since 1986 this week.
The BDI declined 15.55 pct to 608 points on Friday 30, Ja ...
Friday, 30 January 15
CONTANGO AND TANKERS - SKULD
KNOWLEDGE TO ELEVATE
Like an invitation to a dance, the word contango may have some people flustered, but for tanker owners this market phenome ...
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- Carbofer General Trading SA - India
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- Indian Oil Corporation Limited
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- India Bulls Power Limited - India
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- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
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- Australian Coal Association
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- Rio Tinto Coal - Australia
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- Energy Link Ltd, New Zealand
- Parliament of New Zealand
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- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
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- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
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- Central Java Power - Indonesia
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- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
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- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
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- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
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- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
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- Singapore Mercantile Exchange
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- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
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- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
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- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
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- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Chamber of Mines of South Africa
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- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
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- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
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- Thai Mozambique Logistica
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- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
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