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Thursday, 03 August 17
BUMI RESOURCES COAL SALES RELATIVELY FLAT AT 41.5 MILLION TONS IN 1H' 17; REPORTS US$162.3 MILLION PROFIT IN FIRST SEMESTER
 COALspot.com: The BUMI Resources, Indonesia’s one of the largest coal producer, has reported a net income of $162.3 million in 1H’ 17 compared with a corresponding loss of $20.8 million in 1H’16, or a positive profit swing by $183.1 million, year on year.
- Bumi Reports US$162.3 Million Profit In First Semester
- Positive Profit Swing By US$183.1 Million Yoy
- Consolidated Revenue Increases To US$ 2,344 Million
- Coal Price 37.6% Higher
According to the BUMI’s performance report for the period 1H’ 17, in FY'16, the Company turned around to a net attributable income of $67.7 million.
1H'17 financial highlights on full consolidation basis (including 100% KPC & Arutmin)
- Sales Revenue is $2,344 million
- Operating Income is $473 million
- Profit Before Tax is $545 million
- Consolidated Net Income is $248.1 million in 1H17
- Net Income (after adjustment for noncontrolling interest) is $162.3 million compared with a loss of $20.8 million in 1H16, or a positive profit swing by $183.1 million.
The company further noted that the consolidated numbers are internal estimates of the Company, subject to reconciliation processes.
- Coal mined was higher by 0.9% at 40.2 million tons in 1H'17
- Coal sales relatively flat at 41.5 million tons in 1H'17 compared with 1H'16
- Combined Strip Ratio reduced by 4.5% to 7.2 in 1H'17
However, the company noted that the coal Price increased to $54.8/ton in 1H17 compared with $39.8/ton in 1H16 – or an increase by 37.6%. In 2Q17 the realized Coal Price was $55.8/ton compared with $39.7/ton in 1H16 or an increase by 40.3%. The increase in Coal Price by $15/ton Y/Y resulted in Sales Revenue in $2,344 million in 1H17 – several times higher Y/Y.
The company forecasted that the Coal prices continuing rise and this augurs well for prospects of the Company for the rest of the year.
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Thursday, 15 March 18
SUPRAMAX: INDO TO CHINA COAL ROUNDS ARE PAYING IN THE LOW $13K TO S. CHINA AND HIGH $13K TO NORTH IN CHINA
Supramax
More activity from USG , front hauls to Far East have settled around $25000, and to Cont around $20000. Stable gain again in Black Sea w ...
Thursday, 15 March 18
BHEL COMMISSIONS 600 MW THERMAL POWER PLANT FOR APGENCO IN ANDHRA PRADESH
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned a 600 MW coal-based thermal power plant in the state of Andhra Pradesh.
...
Thursday, 15 March 18
SUEK GROUP SECURES $1.055BN 5-YEAR SYNDICATED PRE-EXPORT FINANCE FACILITY
SUEK Group signed a $1.055bn syndicated pre-export loan agreement. The facility with five years duration is secured against the Group’s expor ...
Wednesday, 14 March 18
COAL PRICES UP SAYS MINERALS COUNCIL - IAN KIRKWOOD,THE HERALD
NSW thermal coal exports were at near-record levels last year but prices were up, the Minerals Council of NSW has said after appraising annual stat ...
Wednesday, 14 March 18
NEW COAL PRICE FORMULA DOESN'T APPLY RETROACTIVELY: OFFICIAL - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry has decided to change the implementation period of the new discounted price formula for coal sold to the ...
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Showing 1771 to 1775 news of total 6871 |
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- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
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- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
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- Power Finance Corporation Ltd., India
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- Sindya Power Generating Company Private Ltd
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- Electricity Authority, New Zealand
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- GAC Shipping (India) Pvt Ltd
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- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Planning Commission, India
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
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- Eastern Energy - Thailand
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
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- Australian Coal Association
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- Aditya Birla Group - India
- Xindia Steels Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
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- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
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- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
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- Mintek Dendrill Indonesia
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- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
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- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
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- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
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- Kumho Petrochemical, South Korea
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- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- GMR Energy Limited - India
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- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- White Energy Company Limited
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
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