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Wednesday, 27 April 16
INDONESIAN COAL MINER KIDECO REPORTED NET PROFIT OF US$138.1 MILLION IN 2015
 COALspot.com: Kideco Jaya Agung, one of the Indonesia's leading coal miners has reported net profit of US$138.1 million on revenue of US$1.65 billion in FY15. However, the 2015 net profit declined 10.5 percent compared to US$154.4 million reported in 2014. Low coal prices push down Kideco's net profit in 2015. Kideco Jaya Agung partly owned by PT Indika Energy Tbk, one of the Indonesia’s leading listed integrated energy company.
Kideco Jaya Agung, established in 1982, and produces a range of sub-bituminous coal containing low levels of sulfur, ash and nitrogen, making it environmentally friendly for use in coal-fired power plants.
According to audited consolidated financial statements for the full year period ended 31 December, 2015 of PT Indika Energy, the Kideco’s revenues declined 19.5 percent to US$ 1.65billion in FY15 from US$ 2.05 billion in FY14. The average selling price of Kideco coal was declined 16.2 percent to US$ 42.9 a ton in 2015 from US$ 51.3 a ton in 2014. The sales volumes of the miner also declined 3.9 percent to 38.6 Mt in 2015 from 40.2 Mt in 2014.
The miner's cash cost including royalty in 2015 has improved from US$ 42.1 a ton to US$ 34.6 a ton, mainly as a result of lower fuel costs and operational efficiencies, the company's 2015 financial statement says.
PT Indika Energy, Indonesia’s one of the leading integrated energy company's revenues in 2015 declined 1.1 percent to US$ 1.09 billion from US$ 1.10 billion reported in FY14 due to mainly to lower revenue contribution from Petrosea and MBSS.
According to Indika's FY15 audited consolidated financial statements, the Indika's revenues from coal trading grew 84.1 percent to US$ 263.4 million in 2015 from US$ 143.0 million in FY14. Traded coal volume was also rose by 4.6 million tons in 2015 to 8.2 Mt from 3.6 Mt in FY14. However, realized average selling price was declined to US$ 32.2 a ton in 2015 from US$ 38 per ton in 2014.
Indika's MBSS’ revenues decreased 33.1% to US$89.8 million in FY15 from US$134.1 million in FY14.
MBSS is a fully integrated transportation and logistics services company for the mining and natural resources industry providing one stop solution from material handling to transportation and trans-shipment of the bulk materials using its barging and floating crane fleet.
Coal volumes transported by MBSS has declined 28.5 percent to 22.2 mt and transhipment volumes declined 26.8 percent to 15.8 mt in 2015. According to the parent company's financial statement, the trans-shipment freight was stable in 2015 while inter-island barging freights remained soft.
The world coal price collapsed almost affected all the industry connected to coal mines around the world including Indonesia.
Petrosea’s revenues declined 40.5 percent to US$ 206.8 million in FY15 from US$ 347.9 million in FY14. Overburden removal volume declined 45.6 percent YoY and contract mining revenue declined 50.8 percent YoY (US$294.2 million to US$144.7 million).
ABOUT PT INDIKA ENERGY TBK.
PT Indika Energy Tbk. (”Indika Energy”) is Indonesia’s leading integrated energy company through its strategic investments in the areas of Energy Resources – coal production (PT Kideco Jaya Agung, PT Santan Batubara, PT Multi Tambangjaya Utama, PT Mitra Energi Agung), Energy Services – EPC - oil & gas (PT Tripatra Engineers & Constructors, PT Tripatra Engineering); EPC – contract mining (PT Petrosea Tbk.), and Energy Infrastructure – marine transportation, ports & logistics for bulk goods and natural resources (PT Mitrabahtera Segara Sejati Tbk., PT Sea Bridge Shipping, PT Cotrans Asia, PT Indika Logistic & Support Services, PT Kuala Pelabuhan Indonesia); coal-fired power plant (PT Cirebon Electric Power).
Source: Audited consolidated financial statements for the full year period ended December 31, 2015 of PT Indika Energy Tbk
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Friday, 29 April 16
U.S. COAL IMPORTS IN Q4' 15 DECLINED TO 2.7 MMST FROM 3 MMST IN Q3' 15
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.3 million short tons (mm ...
Thursday, 28 April 16
PRICES OF POWER-STATION COAL IN INDONESIA IS INCREASING
COALspot.com: Inquiries for Indonesian 4200 - 4400 Kcal/kg GAR thermal coal cargoes from India suddenly increase recent days.
A Jakarta-based ...
Thursday, 28 April 16
KOMIPO TO IMPORT 710K MT OF BITUMINOUS COAL DURING JULY - SEPTEMBER 2016
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 710,000 Metric Tons of Bituminous Coal for its B ...
Thursday, 28 April 16
CAPE: BIT MORE OPTIMISM IN THE MARKET; SUPRAMAX: FORWARD CURVE IS FALLING - FEARNLEYS
Cape
A bit of a slower week. Activity level has dropped, though the rates do still remain firm, says Fearnleys in its latest weekly report.
...
Wednesday, 27 April 16
THE OCEAN SHIPPING EXPERIENCED DRAMATIC VOLATILITY IN THE BEGINNING OF 2016 - PANOS TSILINGIRIS
Shipping’s new (ab)normal
The global economy and ocean shipping experienced dramatic volatility in the beginning of 2016 and as the glob ...
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- White Energy Company Limited
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
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