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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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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 ...
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Showing 2011 to 2015 news of total 6871 |
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- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- VISA Power Limited - India
- Videocon Industries ltd - India
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
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