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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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Friday, 24 March 17
U.S COAL PRODUCTION ESTIMATE DECLINE 4.4% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.1 million short tons ...
Thursday, 23 March 17
CAPESIZE: TAKING A BREATHER AFTER RALLYING - BUT OUTLOOK FOR WEEKS TO COME NOT SCARY - FEARNLEYS
Supramax
In the Pacific the market seems somewhat slower this week, although healthy rates still being achieved said Fearnleys in its latest week ...
Thursday, 23 March 17
KOREA MIDLAND POWER COMPANY LIMITED INVITES BIDS FOR TOTAL 4.77 MILLION TONS OF BITUMINOUS COAL FOR ITS BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 2,090,000 Metric Tons of Bituminous coal f ...
Wednesday, 22 March 17
THE DRY BULK MARKET HAS UNDOUBTEDLY REBOUNDED SINCE THE SAME PERIOD LAST YEAR - KONSTANTINOS KONTOMICHIS
The Dry Bulk market has undoubtedly rebounded since the same period last year and currently enjoys healthier freight rates. The positive reversal i ...
Tuesday, 21 March 17
DESPITE THE CHALLENGING MARKET SITUATION IN 2016 THE DELTA DUNIA MAKMUR HAS ACHIEVED A NET PROFIT OF US$37 MILLION
COALspot.com: PT Delta Dunia Makmur Tbk. has announced its financial results for the period ended December 31, 2016.
Despite challenging marke ...
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- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- The University of Queensland
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Australian Coal Association
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- White Energy Company Limited
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
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