We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 08 March 18
AVERAGE U.S. COAL MINING PRODUCTIVITY INCREASES AS PRODUCTION FALLS - EIA
Coal mining productivity in the United States increased 26% over the past five years, reaching 6.8 tons per miner hour in 2017, up from 5.4 tons pe ...
Wednesday, 07 March 18
WHEN AN IRRESISTIBLE FORCE MEETS AN IMMOVABLE OBJECT - GARD
KNOWLEDGE TO ELEVATE
Negotiable bills of lading are fundamental to trade. As documents of title, they are essential to the sale and carriage o ...
Wednesday, 07 March 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
The comparably small upside Handysize asset values have noted compared to other sizes since the historical lows of the dry bulk market in combinati ...
Tuesday, 06 March 18
FOREIGN INVESTORS ALLOWED TO BID FOR BIG MINING CONCESSIONS - THE JAKARTA POST
The government has allowed foreign investors to bid for mining concessions with a total area of more than 500 hectares, while smaller areas will be ...
Tuesday, 06 March 18
LNG VESSELS HAVE EMERGED AS THE FASTEST GROWING SEGMENT FOR THE WATERWAY - GERRY LATHROP
The day was July 25th 2016, a partly cloudy day on the Panama canal, and to most people a rather innocuous day without any real merit, however in s ...
|
|
|
Showing 1786 to 1790 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Planning Commission, India
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- MS Steel International - UAE
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Central Java Power - Indonesia
|
| |
| |
|
