We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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$144.7 million).
ABOUT PT INDIKA ENERGY TBK.
PT Indika Energy Tbk. (”Indika Energy”) is Indonesia’s leading integrated energy company through its strategic investments in the areas of Energy Resources – coal production (PT Kideco Jaya Agung, PT Santan Batubara, PT Multi Tambangjaya Utama, PT Mitra Energi Agung), Energy Services – EPC - oil & gas (PT Tripatra Engineers & Constructors, PT Tripatra Engineering); EPC – contract mining (PT Petrosea Tbk.), and Energy Infrastructure – marine transportation, ports & logistics for bulk goods and natural resources (PT Mitrabahtera Segara Sejati Tbk., PT Sea Bridge Shipping, PT Cotrans Asia, PT Indika Logistic & Support Services, PT Kuala Pelabuhan Indonesia); coal-fired power plant (PT Cirebon Electric Power).
Source: Audited consolidated financial statements for the full year period ended December 31, 2015 of PT Indika Energy Tbk
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 18 April 16
SOUTH KOREA STATE-OWNED UTILITY KOMIPO INVITES COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 70,000 Metric Tons of 4,600 kcal/kg NAR coal for ...
Monday, 18 April 16
SOUTH AFRICA RB1 COAL HAS LOST GROUND IN INDIA; RB2 MAY LOSE GRIP IF THE PRICE CROSSES US$ 50 A TON - TRADERS
COALspot.com: Indian coal consumers preferred to buy South Africa RB2 coal instead of RB1 coal recent months due to RB2's low CFR price level. ...
Monday, 18 April 16
CAPESIZE INDEX ROSE 44.66 PER CENT WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 15 April 16
PANAMAX MARKET CONTINUES TO FIRM - FEARNLEYS
Cape
It has been a positive freight market for the past few weeks, however, this week the market is taking a small breather, says Fearnleys in it ...
Friday, 15 April 16
U.S WEEKLY COAL OUTPUT FALLS ACROSS ALL BASINS - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.2 million short tons (mm ...
|
|
|
Showing 2471 to 2475 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
|
| |
| |
|
