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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, 04 May 17
SUPRAMAX: INDO COAL ROUNDS LEVELS WITH DELIVERY CHINA IS TRADING AROUND LOW $6K, TRIP BACK TO CHINA
Supramax
The short week brought weaker rates across all routes. Supras from USG to Japan were fixed around $19-20 k daily and from ECSA to ECI $1 ...
Wednesday, 03 May 17
MALAYSIA SEEMS AS BIGGEST ADARO COAL IMPORTER IN Q1' 17
COALspot.com: In 1Q17, 30% of Adaro's sales went to Indonesia, the data from unaudited consolidated financial statement shows.
Malaysia ca ...
Wednesday, 03 May 17
MARKET INSIGHT - STELIOS KOLLINTZAS
The overall performance of each sector within the edible oil markets has remained poor for the past weeks. Apart from the veg oil exports fro ...
Tuesday, 02 May 17
THE FREIGHT MARKET CONTINUE TO SLUMP THIS PAST WEEK
COALspot.com: The Freight market continues to slump this past week, as all segments except Handy Size show a negative downward trend.
The Balt ...
Friday, 28 April 17
U.S PRODUCED LESS COAL THIS PAST WEEK COMPARED TO THE PREVIOUS WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14 million short tons ( ...
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Showing 2056 to 2060 news of total 6871 |
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- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- PTC India Limited - India
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Planning Commission, India
- Bharathi Cement Corporation - India
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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