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.
|
|
Tuesday, 08 August 17
COAL SALES DESTINATION IS DOMINATED BY DEVELOPING COUNTRIES IN ASIA - ADARO
COALspot.com: Adaro Energy has produced 13.27 million tonnes of coal during the second quarter of 2017, from the mines PT Adaro Indonesia, PT Semes ...
Tuesday, 08 August 17
KOMIPO INVITES BIDS FOR 5200 AND 5700 NAR COAL FOR Q4 2017
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for 420,000 Metric Tons of Bituminous coal ...
Monday, 07 August 17
INDIA'S THERMAL COAL IMPORTS HAVE FALLEN BY 16% YEAR-ON-YEAR IN THE FIRST FIVE MONTHS OF THIS YEAR
COALspot.com: The second quarter of 2017 was characterized by volatility in the coal market driven by policy measures and weather disruptions say A ...
Monday, 07 August 17
BUMA SIGNED $385 MILLION WORTH OF NEW CONTRACT WITH PT PADA IDI
COALspot.com: PT Delta Dunia Makmur Tbk., has announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into min ...
Monday, 07 August 17
THE SHIPPING INDEXES BOUNCE BACK THIS PAST WEEK
COALspot.com: The Freight market rose this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positive trend week ove ...
|
|
|
Showing 1981 to 1985 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Australian Coal Association
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- MS Steel International - UAE
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Indonesian Coal Mining Association
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
|
| |
| |
|
