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, 20 June 17
WORLD ECONOMY SHOWS A MORE OPTIMISTIC TREND
During the past weeks, we have seen many organizations and think tanks show a more optimistic face with regards to the world economy. The World Ban ...
Monday, 19 June 17
PANAMAX RATES HELP BALTIC INDEX TO A POSITIVE MOVE
COALspot.com: The Freight market rose very marginally this past week compared to the previous week, as BDI and Panamax indexes show a positive tren ...
Friday, 16 June 17
WEEKLY U.S. COAL PRODUCTION RISES; UP 24.1% Y/Y
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.5 million short tonn ...
Thursday, 15 June 17
SUPRAMAX NICKEL ORE FROM PHILIPPINES TO S. CHINA PAYING AROUND MID $10000 - FEARNLEYS
Supramax
Market looked more promising from both sides of the basins. Within Atlantic USG returned with tick better rates seen as tonnage kept tig ...
Wednesday, 14 June 17
WORLD COAL PRODUCTION FELL BY 6.2%, THE LARGEST ANNUAL DECLINE ON RECORD - BP
COALspot.com: The 2017 edition of the BP Statistical Review of World Energy, shows global energy markets continuing to undergo long-term changes as ...
|
|
|
Showing 2021 to 2025 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- The University of Queensland
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
|
| |
| |
|
