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.
|
|
Friday, 10 March 17
THE 5TH PHILIPPINES POWER AND ELECTRICITY WEEK RETURNS WITH A UNIQUE FOCUS IN 2017
5th Annual Philippines Power & Electricity
18-21 July 2017
Solaire Resort & Casino,Manila, Philippines
http://www.philippinespowe ...
Thursday, 09 March 17
INDONESIAN COAL BENCHMARK PRICE DROPPED FOR A THIRD STRAIGHT MONTH IN MARCH, GOVERNMENT DATA SHOWED
COALspot.com: Indonesian government declared coal benchmark price dropped for a fourth straight month in March, government data showed. The ...
Wednesday, 08 March 17
THE FREIGHT MARKET TODAY PROVIDES MUCH MORE CONFIDENCE COMPARED TO LAST YEAR - TIMOS PAPADIMITRIOU
So what's all the fuss about? During the past five months SnP activity has being surging exponentially in the dry bulk sector. Buyers are looki ...
Monday, 06 March 17
THE FREIGHT MARKET WAS CONTINUING TO FIRM UP THIS PAST WEEK
COALspot.com: The Freight market was continuing to firm up this past week.
The Baltic Exchange, tracking rates for ships carrying dry bulk com ...
Friday, 03 March 17
U.S. WEEKLY COAL PRODUCTION ESTIMATED AT 15.7 MMST; DECLINE 6.7% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
|
|
|
Showing 2106 to 2110 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- MS Steel International - UAE
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- PTC India Limited - India
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
|
| |
| |
|
