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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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Tuesday, 04 April 17
THE IRON ORE HAS BEEN ABLE TO KEEP ITS GROWTH PATH FAIRLY WELL; THERE IS STILL ONE PART OF THE WORLD THAT IS STILL HEAVILY COMMITTED TO COAL
With the close of March having let us with a very positive after taste and having witnessed near the end of the month the Baltic Dry Index at its h ...
Monday, 03 April 17
WORLD COAL TRADE STABLE IN 2016: DEMAND SHIFTS TO SOUTH-EAST ASIA - ASSOCARBONI
ASSOCARBONI: Coal confirmed as the leading fuel for electricity generation, accounting for 40% of overall production in 2016.
World coal trade ...
Monday, 03 April 17
DRY BULK RATES CONTINUING TO FIRMING UP
COALspot.com: The Freight market was continuing to firming up. Baltic Panamax Index rose 12.81 percent week over week.
The Baltic Exchang ...
Friday, 31 March 17
U.S. COAL PRODUCTION INCREASE SLIGHTLY WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.5 million short tons ...
Thursday, 30 March 17
WHERE AN AGREEMENT FAILS TO DELIVER - WATSON FARLEY & WILLIAMS
KNOWLEDGE TO ELEVATE
Watson Farley & Williams acted for MRI Trading AG in a leading case on ‘agreements to agree’ that was fin ...
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Showing 2081 to 2085 news of total 6871 |
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- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Planning Commission, India
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Australian Coal Association
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
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