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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 February 17
US WEEKLY COAL OUTPUT ESTIMATED AT 16.8 MMST - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.8 million short ton ...
Thursday, 23 February 17
ULTRA SUPRAMAX: INDONESIA TO INDIA IS GETTING AROUND $10-11K BASIS SINGAPORE DELIVERY
Supramax
The week started off quietly in the Atlantic with more activity in the Pacific basin.
According to Fearnleys weekly report, frontha ...
Wednesday, 22 February 17
TANKER MARKET INSIGHT - KATERINA RESTIS
In 2016 a session of the IMO committee in London, set the new prerequisites effective from January 2020, which will necessitate global Sulphur cont ...
Tuesday, 21 February 17
INDIA'S JANUARY COAL IMPORTS DECLINE 21.7 PERCENT YEAR -ON-YEAR TO 14.31 MT - PTI
Coal imports declined by 21.7 per cent to 14.31 million tonnes in January as the power utilities did not lift much fuel due to abundant stock avail ...
Tuesday, 21 February 17
CHINESE EXPORTS SHOWED A YEAR-ON-YEAR RISE FOR THE FIRST TIME IN TEN MONTHS; S. KOREA'S EXPORTS UP FOR PAST THREE MONTHS IN A ROW - GEORGE LAZARIDIS
We have started to some sparks of life in the commodities markets these past weeks, with prices having shown a strong push during the past couple o ...
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- Malabar Cements Ltd - India
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- The University of Queensland
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- Manunggal Multi Energi - Indonesia
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- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
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- Sical Logistics Limited - India
- Commonwealth Bank - Australia
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- Trasteel International SA, Italy
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- Binh Thuan Hamico - Vietnam
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
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- Chamber of Mines of South Africa
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- Videocon Industries ltd - India
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- Romanian Commodities Exchange
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- Formosa Plastics Group - Taiwan
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- Leighton Contractors Pty Ltd - Australia
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- Ministry of Finance - Indonesia
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- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
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- Petron Corporation, Philippines
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- Interocean Group of Companies - India
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- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
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- Makarim & Taira - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
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- Rio Tinto Coal - Australia
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- Posco Energy - South Korea
- Latin American Coal - Colombia
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
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- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
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- PTC India Limited - India
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- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
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- PowerSource Philippines DevCo
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- Independent Power Producers Association of India
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- India Bulls Power Limited - India
- Siam City Cement - Thailand
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
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