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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, 30 March 17
PANAMAX : ACTIVITY IN THE PANAMAX MARKET HAS INCREASED SUBSTANTIALLY IN BOTH HEMISPHERES - FEARNLEYS
Supramax
This week we were looking at prolonged activity from ECSA, mostly with grain cargoes to Far East and SE Asia, where Ultras to SE Asia fi ...
Thursday, 30 March 17
THE ROLE OF COAL IN THE ENERGY SUPPLY OF THE EU-28: HANS-WILHELM SCHIFFER
The European Union (EU-28) is one of the largest economies in the world, with a gross domestic product (GDP) of €14,635 billion in 2015. It ha ...
Wednesday, 29 March 17
MARKET INSIGHT - NASOS SOULAKIS
Shipowners will always look for market signals in order to gauge market perception and decide upon which strategy to follow next. And while owners ...
Monday, 27 March 17
THE FREIGHT MARKET CONTINUED TO FIRM WEEK OVER WEEK
COALspot.com: The Freight market was continuing to firming up.
The Baltic Exchange, tracking rates for ships carrying dry bulk commodities ros ...
Friday, 24 March 17
ADARO INDONESIA'S COAL SALES VOLUME INCREASED SLIGHTLY TO 54.1 MILLION TONES IN 2016
COALspot.com: PT. Adaro Indonesia, Indonesia’s second largest coal miner’s sales volume increased slightly to 54.1 million tones (Mt) i ...
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- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
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