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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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Monday, 28 November 16
BALTIC DRY INDEX FALLS TO 1181 POINT, DOWN 76 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities down slightly and ending in a negative note this past wee ...
Thursday, 24 November 16
SUPRAMAX: SOUTH AFRICA STILL STRONG WITH OWNERS ACHIEVING AROUND USD 14-15K FOR TRIPS EAST - FEARNLEYS
Supramax
A positive kick-off in both the Atlantic and the Pacific. Very healthy rates within USG, some supras receiving well over 20k for trips t ...
Wednesday, 23 November 16
MARKET INSIGHT - CHRISTOPHER THOMAS WHITTY
The Organization of the Petroleum Exporting Countries (OPEC) is due to finalize a reduction in total production at its next scheduled meeting in Vi ...
Tuesday, 22 November 16
ITALY'S STEAM COAL IMPORTS EXPECTED TO DECLINE 7% Y/Y TO 15 MILLION TONS IN 2017 - ITALIAN COAL ASSOCIATION
Italy’s steam coal imports expected to decline to 15 million tons in 2017, or 7% less imports compared to 2016. The coking coal imports are e ...
Tuesday, 22 November 16
THE COMMODITIES MARKETS HAD SHOWED GREATER PROMISE SINCE THE SUMMER PERIOD - GEORGE LAZARIDIS
We have all borne witness to the sluggish pace of trade growth witnessed during the course of the past 4 years as well as the even slower pace note ...
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- Coastal Gujarat Power Limited - India
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- Tata Chemicals Ltd - India
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- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
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- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
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- Bulk Trading Sa - Switzerland
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- Straits Asia Resources Limited - Singapore
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- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Aditya Birla Group - India
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- Jorong Barutama Greston.PT - Indonesia
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- London Commodity Brokers - England
- Bangladesh Power Developement Board
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- Petrochimia International Co. Ltd.- Taiwan
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- Kideco Jaya Agung - Indonesia
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- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
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- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Planning Commission, India
- Price Waterhouse Coopers - Russia
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- Georgia Ports Authority, United States
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
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- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
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- The Treasury - Australian Government
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- VISA Power Limited - India
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- Oldendorff Carriers - Singapore
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- ASAPP Information Group - India
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- Carbofer General Trading SA - India
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- Wood Mackenzie - Singapore
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- Indian Energy Exchange, India
- Indian Oil Corporation Limited
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- Barasentosa Lestari - Indonesia
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- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
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- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
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- Eastern Coal Council - USA
- Singapore Mercantile Exchange
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- SMG Consultants - Indonesia
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- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
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- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
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- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
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- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
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- Chamber of Mines of South Africa
- The University of Queensland
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- Pipit Mutiara Jaya. PT, Indonesia
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- Minerals Council of Australia
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- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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