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, 06 July 17
SUPRAMAX: INDO TO INDIA TRIPS WITH DELIVERY THAILAND RANGE IS GIVING OWNERS AROUND MID $8000 - FEARNLEYS
Supramax
Another slow start to the week with somewhat softening rates and few fixtures.
According to Fearnleys Weekly Dry bulk report, the N ...
Thursday, 06 July 17
UNEXPECTED MOVE FROM CHINA BOOSTS COAL PRICES - OIL PRICE
Coal prices have been cooling the last few months — after a spectacular run last year. But news late last week suggests the market is about t ...
Wednesday, 05 July 17
COAL PRICES ROSE IN CHINA, JAPAN AND EUROPE IN 2016 - BP
COALspot.com: Coal prices rose in China, Japan and Europe in 2016 after four years of price declines.
According to bp, the rise in coal prices ...
Wednesday, 05 July 17
TANKER MARKET INSIGHT - KATERINA RESTIS
A war of words blasted last month as the UAE, S. Arabia, Egypt and Bahrain revealed that they are experiencing severe diplomatic issues with the st ...
Wednesday, 05 July 17
TROUBLE SEEMS TO BE LOOMING ONCE MORE IN THE STEEL INDUSTRY - GEORGE LAZARIDIS
Trouble seems to be looming once more in the steel industry as US President Trump puts forth his plans for specialist protectionist measures for th ...
|
|
|
Showing 2011 to 2015 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Australian Coal Association
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Planning Commission, India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Economic Council, Georgia
- Georgia Ports Authority, United States
- The University of Queensland
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
|
| |
| |
|