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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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Wednesday, 22 November 17
THERMAL COAL WAS FLAT AMID CONCERNS OF FURTHER GOVERNMENT INTERVENTION IN CHINA, SAYS DANIEL HYNES
Coal prices were mixed. Thermal coal was flat amid concerns of further government intervention in China, said Daniel Hynes Senior Commodity Strateg ...
Wednesday, 22 November 17
CHINA CONSUMES MORE THAN TWO-THIRDS OF THE GLOBAL SEABORNE IRON ORE MARKET; PRODUCES AS MUCH STEEL AS THE REST OF THE WORLD COMBINED - CHRISTOPHER T. WHITTY
China consumes more than two-thirds of the global seaborne iron ore market and at the same time produces as much steel as the rest of the world com ...
Monday, 20 November 17
INDONESIAN COAL BENCHMARK PRICE SURGES 0.86% TO $94.80 A TON, GOVERNMENT DATA SHOWS
COALspot.com: Indonesian coal benchmark price surges 0.86% in November compared to declared price in October, the latest ministerial decree showed. ...
Friday, 17 November 17
U.S. PRODUCED 678.8 MMST OF COAL YEAR TO DATE; 9% UP Y/Y, EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.8 million short ton ...
Thursday, 16 November 17
PANAMAX ACTIVITIES HAVE SLOWED DOWN QUITE SUBSTANTIALLY THE LAST WEEK - FEARNLEYS
Supramax
Another week with rates easing over all the Supra routes within Atlantic.
Front hauls from USG got payed around 21-22k daily and ul ...
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Showing 1871 to 1875 news of total 6871 |
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- Petrochimia International Co. Ltd.- Taiwan
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
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- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
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- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Eastern Coal Council - USA
- ASAPP Information Group - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
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- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
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- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
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- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
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- International Coal Ventures Pvt Ltd - India
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- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
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- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
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- SMG Consultants - Indonesia
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- Star Paper Mills Limited - India
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- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
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- Energy Link Ltd, New Zealand
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- Energy Development Corp, Philippines
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- Heidelberg Cement - Germany
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- GVK Power & Infra Limited - India
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- Medco Energi Mining Internasional
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