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.
|
|
Wednesday, 14 June 17
HANDYSIZES AND PANAMAXES ENJOY THE TIGHTEST SUPPLY - PANOS TSILINGIRIS
The dry and the tanker shipping segments have dissimilar exposure to supply-driven opportunity (or risk). While the vintage (i.e., over 15 years ol ...
Tuesday, 13 June 17
THE TANKER FREIGHT MARKET IS STILL UNDER PRESSURE - GEORGE LAZARIDIS
News of U.S. inventory decline has hit the market by surprise with prices of the commodity showing some quick revival as OPEC continues to push wit ...
Monday, 12 June 17
THE BALTIC DRY INDEX TOOK A POSITIVE STEP
COALspot.com: The Freight market incline this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positive trend week ...
Friday, 09 June 17
U.S WEEKLY COAL OUTPUT WAS FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15 million short tonnes ...
Wednesday, 07 June 17
INDO HBA INDEX SEE LARGEST DROP SINCE FEBRUARY 2017
COALspot.com: Indonesian coal benchmark price decline 9.96% in June, government data showed.
The benchmark price of Indonesian thermal coal de ...
|
|
|
Showing 2026 to 2030 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Planning Commission, India
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Australian Coal Association
- Romanian Commodities Exchange
- The University of Queensland
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
|
| |
| |
|
