COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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
BumiCOALspot.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.

Recent News

Tuesday, 17 October 17
SULPHUR 2020: COMING, READY OR NOT - ALIBRA SHIPPING
Some 70% of shipping companies surveyed say they do not believe the industry is ready for IMO’s 2020 deadline, when a global limit of 0.5% su ...


Tuesday, 17 October 17
U.S RECORD EXPORTS OIL TO EAST HAS HELPED THE TANKER TRADE - GEORGE LAZARIDIS
There was a flood of fresh news this week which clouded the overall prospects of the crude oil market. Just one week prior Saudi Arabia and Russia, ...


Monday, 16 October 17
INDONESIA TO INDIA COAL FREIGHT RATES STAY FIRM
COALspot.com: The daily average earnings for Supramax, for the route Indonesia to India passing through Singapore has stayed firm, week over week, ...


Friday, 13 October 17
INDIKA ENERGY SIGNS SHARE PURCHASE AGREEMENTS FOR AN ADDITIONAL 45% STAKE IN KIDECO
PT Indika Energy Tbk. and its wholly-owned subsidiary PT Indika Inti Corpindo (collectively, “Indika Energy”) has entered into separate ...


Friday, 13 October 17
THE SHORT-TERM OUTLOOK FOR THE PANAMAX MARKET REMAIN POSITIVE - FEARNLEYS
Supramax The market has picked up strongly since last week with the Chinese holidays. In the Pacific rates are increasing with some strong number ...


   381 382 383 384 385   
Showing 1911 to 1915 news of total 6871
News by Category
Popular News
 
Total Members : 28,700
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Inspectorate - India
  • Peabody Energy - USA
  • Semirara Mining and Power Corporation, Philippines
  • Larsen & Toubro Limited - India
  • Tamil Nadu electricity Board
  • Coalindo Energy - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Barclays Capital - USA
  • Indonesia Power. PT
  • Electricity Authority, New Zealand
  • PowerSource Philippines DevCo
  • SGS (Thailand) Limited
  • Deloitte Consulting - India
  • SRK Consulting
  • Thriveni
  • Bangkok Bank PCL
  • Rashtriya Ispat Nigam Limited - India
  • Africa Commodities Group - South Africa
  • GAC Shipping (India) Pvt Ltd
  • Madhucon Powers Ltd - India
  • Bank of China, Malaysia
  • London Commodity Brokers - England
  • Platou - Singapore
  • Ind-Barath Power Infra Limited - India
  • McKinsey & Co - India
  • Indorama - Singapore
  • KPCL - India
  • Minerals Council of Australia
  • Siam City Cement PLC, Thailand
  • Argus Media - Singapore
  • The Treasury - Australian Government
  • J M Baxi & Co - India
  • Russian Coal LLC
  • Antam Resourcindo - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Interocean Group of Companies - India
  • Maheswari Brothers Coal Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Ernst & Young Pvt. Ltd.
  • ANZ Bank - Australia
  • Cardiff University - UK
  • Iligan Light & Power Inc, Philippines
  • World Coal - UK
  • ACC Limited - India
  • Riau Bara Harum - Indonesia
  • BRS Brokers - Singapore
  • Posco Energy - South Korea
  • EMO - The Netherlands
  • Price Waterhouse Coopers - Russia
  • Kepco SPC Power Corporation, Philippines
  • Indian Energy Exchange, India
  • Wilmar Investment Holdings
  • Eastern Energy - Thailand
  • GNFC Limited - India
  • IEA Clean Coal Centre - UK
  • Samtan Co., Ltd - South Korea
  • Trasteel International SA, Italy
  • Latin American Coal - Colombia
  • Asmin Koalindo Tuhup - Indonesia
  • Central Electricity Authority - India
  • Coal Orbis AG
  • WorleyParsons
  • Makarim & Taira - Indonesia
  • Cosco
  • Sakthi Sugars Limited - India
  • Lanco Infratech Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Anglo American - United Kingdom
  • Neyveli Lignite Corporation Ltd, - India
  • Savvy Resources Ltd - HongKong
  • Semirara Mining Corp, Philippines
  • Kumho Petrochemical, South Korea
  • International Coal Ventures Pvt Ltd - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Enel Italy
  • ASAPP Information Group - India
  • Orica Australia Pty. Ltd.
  • Bangladesh Power Developement Board
  • ING Bank NV - Singapore
  • Asia Cement - Taiwan
  • Vedanta Resources Plc - India
  • Petrosea - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • U S Energy Resources
  • Borneo Indobara - Indonesia
  • Vale Mozambique
  • Siam City Cement - Thailand
  • Sindya Power Generating Company Private Ltd
  • PetroVietnam
  • Geoservices-GeoAssay Lab
  • IOL Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • GHCL Limited - India
  • Noble Europe Ltd - UK
  • South Luzon Thermal Energy Corporation
  • Orica Mining Services - Indonesia
  • Sree Jayajothi Cements Limited - India
  • APGENCO India
  • Merrill Lynch Commodities Europe
  • Parry Sugars Refinery, India
  • Planning Commission, India
  • Coal India Limited
  • Ministry of Mines - Canada
  • Thailand Anthracite
  • Grasim Industreis Ltd - India
  • Holcim Trading Pte Ltd - Singapore
  • Permata Bank - Indonesia
  • The University of Queensland
  • Mitra SK Pvt Ltd - India
  • Coaltrans Conferences
  • SMC Global Power, Philippines
  • Pinang Coal Indonesia
  • Inco-Indonesia
  • Clarksons - UK
  • Humpuss - Indonesia
  • Meralco Power Generation, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • OCBC - Singapore
  • Adani Power Ltd - India
  • Global Green Power PLC Corporation, Philippines
  • Eastern Coal Council - USA
  • OPG Power Generation Pvt Ltd - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Dalmia Cement Bharat India
  • GB Group - China
  • Formosa Plastics Group - Taiwan
  • Gujarat Electricity Regulatory Commission - India
  • Standard Chartered Bank - UAE
  • Star Paper Mills Limited - India
  • CoalTek, United States
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • San Jose City I Power Corp, Philippines
  • Marubeni Corporation - India
  • Toyota Tsusho Corporation, Japan
  • SMG Consultants - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • PLN Batubara - Indonesia
  • Renaissance Capital - South Africa
  • Manunggal Multi Energi - Indonesia
  • Australian Commodity Traders Exchange
  • Essar Steel Hazira Ltd - India
  • Meenaskhi Energy Private Limited - India
  • DBS Bank - Singapore
  • Mercator Lines Limited - India
  • World Bank
  • Rio Tinto Coal - Australia
  • Tata Chemicals Ltd - India
  • Thomson Reuters GRC
  • Malco - India
  • Mitsui
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Gresik Semen - Indonesia
  • Merrill Lynch Bank
  • Power Finance Corporation Ltd., India
  • Metalloyd Limited - United Kingdom
  • Cebu Energy, Philippines
  • Ambuja Cements Ltd - India
  • Maersk Broker
  • LBH Netherlands Bv - Netherlands
  • Panama Canal Authority
  • Bhushan Steel Limited - India
  • PNOC Exploration Corporation - Philippines
  • Shree Cement - India
  • Xstrata Coal
  • Mechel - Russia
  • Idemitsu - Japan
  • Maharashtra Electricity Regulatory Commission - India
  • Tanito Harum - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Kapuas Tunggal Persada - Indonesia
  • Moodys - Singapore
  • Uttam Galva Steels Limited - India
  • Sojitz Corporation - Japan
  • Mercuria Energy - Indonesia
  • Adaro Indonesia
  • Aditya Birla Group - India
  • SN Aboitiz Power Inc, Philippines
  • The State Trading Corporation of India Ltd
  • EIA - United States
  • Chettinad Cement Corporation Ltd - India
  • Globalindo Alam Lestari - Indonesia
  • Petron Corporation, Philippines
  • Electricity Generating Authority of Thailand
  • Mitsubishi Corporation
  • Goldman Sachs - Singapore
  • Ceylon Electricity Board - Sri Lanka
  • KOWEPO - South Korea
  • SUEK AG - Indonesia
  • Global Coal Blending Company Limited - Australia
  • NALCO India
  • Attock Cement Pakistan Limited
  • Vitol - Bahrain
  • UOB Asia (HK) Ltd
  • Malabar Cements Ltd - India
  • TeaM Sual Corporation - Philippines
  • bp singapore
  • New Zealand Coal & Carbon
  • Kobe Steel Ltd - Japan
  • Runge Indonesia
  • Chamber of Mines of South Africa
  • Infraline Energy - India
  • PTC India Limited - India
  • Banpu Public Company Limited - Thailand
  • Kideco Jaya Agung - Indonesia
  • Bank of America
  • Freeport Indonesia
  • Jatenergy - Australia
  • NTPC Limited - India
  • Wood Mackenzie - Singapore
  • Japan Coal Energy Center
  • Mjunction Services Limited - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Samsung - South Korea
  • RBS Sempra - UK
  • globalCOAL - UK
  • Binh Thuan Hamico - Vietnam
  • Reliance Power - India
  • Lafarge - France
  • GVK Power & Infra Limited - India
  • HSBC - Hong Kong
  • MEC Coal - Indonesia
  • Ministry of Finance - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Altura Mining Limited, Indonesia
  • Salva Resources Pvt Ltd - India
  • TNPL - India
  • Karaikal Port Pvt Ltd - India
  • CCIC - Indonesia
  • Economic Council, Georgia
  • Independent Power Producers Association of India
  • Videocon Industries ltd - India
  • Port Waratah Coal Services - Australia
  • Pendopo Energi Batubara - Indonesia
  • Edison Trading Spa - Italy
  • KPMG - USA
  • Agrawal Coal Company - India
  • Ministry of Transport, Egypt
  • UBS Singapore
  • AsiaOL BioFuels Corp., Philippines
  • Global Business Power Corporation, Philippines
  • BNP Paribas - Singapore
  • Fearnleys - India
  • White Energy Company Limited
  • Glencore India Pvt. Ltd
  • Baramulti Group, Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Jaiprakash Power Ventures ltd
  • PetroVietnam Power Coal Import and Supply Company
  • GMR Energy Limited - India
  • Timah Investasi Mineral - Indoneisa
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Kartika Selabumi Mining - Indonesia
  • TANGEDCO India
  • Therma Luzon, Inc, Philippines
  • Parliament of New Zealand
  • Gujarat Sidhee Cement - India
  • Ince & co LLP
  • Arutmin Indonesia
  • IMC Shipping - Singapore
  • Shenhua Group - China
  • JPower - Japan
  • Australian Coal Association
  • Intertek Mineral Services - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Rudhra Energy - India
  • The India Cements Ltd
  • Sucofindo - Indonesia
  • Straits Asia Resources Limited - Singapore
  • ETA - Dubai
  • VISA Power Limited - India
  • European Bulk Services B.V. - Netherlands
  • IBC Asia (S) Pte Ltd
  • Maruti Cements - India
  • Tata Power - India
  • Energy Development Corp, Philippines
  • Core Mineral Indonesia
  • McConnell Dowell - Australia
  • Maybank - Singapore
  • Simpson Spence & Young - Indonesia
  • India Bulls Power Limited - India
  • Indogreen Group - Indonesia
  • Bulk Trading Sa - Switzerland
  • Directorate Of Revenue Intelligence - India
  • Coal and Oil Company - UAE
  • Arch Coal - USA
  • Indika Energy - Indonesia
  • Mintek Dendrill Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Bhoruka Overseas - Indonesia
  • CESC Limited - India
  • Xindia Steels Limited - India
  • Thiess Contractors Indonesia
  • Asian Development Bank
  • PLN - Indonesia
  • Carbofer General Trading SA - India
  • Medco Energi Mining Internasional
  • Indian Oil Corporation Limited
  • TRAFIGURA, South Korea
  • Jorong Barutama Greston.PT - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Oldendorff Carriers - Singapore
  • Energy Link Ltd, New Zealand
  • Deutsche Bank - India
  • Credit Suisse - India
  • Indonesian Coal Mining Association
  • Coastal Gujarat Power Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Total Coal South Africa
  • MS Steel International - UAE
  • Kobexindo Tractors - Indoneisa
  • SASOL - South Africa
  • Vizag Seaport Private Limited - India
  • Commonwealth Bank - Australia
  • Qatrana Cement - Jordan
  • Cargill India Pvt Ltd
  • Coeclerici Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Surastha Cement
  • Bukit Makmur.PT - Indonesia
  • Sical Logistics Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Central Java Power - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Jindal Steel & Power Ltd - India
  • Cemex - Philippines
  • CIMB Investment Bank - Malaysia
  • Georgia Ports Authority, United States
  • Thai Mozambique Logistica
  • Gujarat Mineral Development Corp Ltd - India
  • Kaltim Prima Coal - Indonesia
  • Thermax Limited - India
  • Singapore Mercantile Exchange
  • Romanian Commodities Exchange
  • TGV SRAAC LIMITED, India
  • Bhatia International Limited - India
  • Aboitiz Power Corporation - Philippines
  • Heidelberg Cement - Germany
  • Vijayanagar Sugar Pvt Ltd - India
  • Barasentosa Lestari - Indonesia
  • KEPCO - South Korea
  • JPMorgan - India
  • Karbindo Abesyapradhi - Indoneisa
  • Bayan Resources Tbk. - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Bharathi Cement Corporation - India
  • Berau Coal - Indonesia
  • Britmindo - Indonesia
  • Indian School of Mines
  • CNBM International Corporation - China
  • ICICI Bank Limited - India
  • Platts
  • Cement Manufacturers Association - India
  • Gupta Coal India Ltd