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, 28 September 17
CHINESE GOVERNMENT TO CANCEL DOMESTIC IRON ORE MINING RIGHTS - JEFFREY LANDSBERG
It has been reported that China will cancel roughly one third of its iron ore mining licenses, says Commodore Research & Consultancy in its lat ...
Tuesday, 26 September 17
REDUCING THE RISK OF LIQUEFACTION - IUMI
KNOWLEDGE TO ELEVATE
Liquefaction is a phenomenon that can take place in granular materials, such as soil or fine ore, where the beh ...
Tuesday, 26 September 17
THE CURRENT HIGHS IN THE DRY BULK FREIGHT MARKET WILL SURELY BE SURPASSED AND BY A CONSIDERABLE MARGIN IN THE NEXT YEAR OR SO - GEORGE LAZARIDIS
The Dry Bulk market con!nues to show a strong face amidst the favorable tail winds being seen, which have helped the Bal!c Dry Index inch above the ...
Monday, 25 September 17
CHOICES FOR SHIPPING AS 2020 APPROACHES? - CLARKSONS
Historically, the fuel of choice for the vast majority of large cargo ships has been heavy fuel oil. But in 2020, sulphur oxide emissions will be c ...
Monday, 25 September 17
THE FREIGHT MARKET ROSE IN ALL SEGMENTS EXCEPT PANAMAX WEEK OVER WEEK
COALspot.com: The freight market rose in all segments except Panamax week over week. Mainly Cape has supported to boosted up BDI this past week, BD ...
|
|
|
Showing 1931 to 1935 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- The University of Queensland
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
|
| |
| |
|
