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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, 12 July 17
COAL HAS CONTINUED A STELLAR RUN OVER THE PAST YEAR GAINING ~10% OVER THE PAST QUARTER AND ~41% OVER THE PAST YEAR - LINOS KOGEVINAS
Having just passed the second quarter of 2017, it is interesting to take a look at the performance of the commodity market and how certain commodit ...
Monday, 10 July 17
A ROLLERCOASTER YEAR FOR COAL PRICES; ICPR ROSE 4.62% M/M
COALspot.com: Indonesian coal benchmark price rose 4.62% in July, government data showed.
The benchmark price of Indonesian thermal c ...
Monday, 10 July 17
THE FREIGHT MARKET WAS SHOWS A NEGATIVE TREND WEEK OVER WEEK
COALspot.com: The Freight market decline this past week compared to the previous week, as BDI and Cape indexes show a negative trend week over week ...
Friday, 07 July 17
SHOULD WE BE AVOIDING GENERAL AVERAGE? - ALEX KEMP
KNOWLEDGE TO ELEVATE
Calls for general average to be abolished are nearly as old as the regime itself. A representative of Lloyd’s atten ...
Friday, 07 July 17
EIA ESTIMATES SHOW U.S WEEKLY COAL PRODUCTION UP 1.7 PERCENT
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.9 million short tonn ...
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Showing 2006 to 2010 news of total 6871 |
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- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Sical Logistics Limited - India
- White Energy Company Limited
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Parliament of New Zealand
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Posco Energy - South Korea
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