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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, 10 November 16
PANAMAX: NO TRUMP INFLUENCE YET, AND THE MARKET IS HEADING NORTH - FEARNLEYS
Supramax
Pacific Supra market still soft and falling this week, although seems to be in a somewhat slower pace compared to last week. According t ...
Wednesday, 09 November 16
SINGAPORE'S SGX COMPLETES ACQUISITION OF LONDON'S BALTIC EXCHANGE
COALspot.com: Singapore Exchange Limited and The Baltic Exchange Limited together announced that the acquisition of the Baltic Exchange by SGX has ...
Wednesday, 09 November 16
SUPRAMAX: 50% INCREASE ON AVERAGE SINCE THE FIRST QUARTER OF THE YEAR - GIANNIS ANDRITSOPOULOS
Last week was an interesting one for the tanker market, which following the explosion of the gas pipeline in Alabama witnessed a spike in Atlantic ...
Tuesday, 08 November 16
S.KOREA'S KOMIPO ISSUES TENDER TO BUY 390K TONS OF BITUMINOUS COAL FOR JAN-FEB 2017
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 390,000 Metric Tons of Bituminous Coal for its B ...
Monday, 07 November 16
INDONESIAN COAL PRICE REFERENCE ROSE 59.57 PER CENT YEAR TO MONTH
COALspot.com: The Indonesia coal benchmark price hits to its highest level since May 2013. The government declared benchmark prices for Indo ...
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- Planning Commission, India
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- Straits Asia Resources Limited - Singapore
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- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- PTC India Limited - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
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- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
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- Sical Logistics Limited - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
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- Minerals Council of Australia
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- Mintek Dendrill Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- The University of Queensland
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
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- Australian Coal Association
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- Commonwealth Bank - Australia
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- Eastern Energy - Thailand
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- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
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- Bulk Trading Sa - Switzerland
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- New Zealand Coal & Carbon
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- Toyota Tsusho Corporation, Japan
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- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
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- ASAPP Information Group - India
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- Economic Council, Georgia
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- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
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- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
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- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
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- Metalloyd Limited - United Kingdom
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- Indian Oil Corporation Limited
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- CNBM International Corporation - China
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- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
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- Tata Chemicals Ltd - India
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- Electricity Authority, New Zealand
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- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
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- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
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- ICICI Bank Limited - India
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- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
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- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
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- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
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- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
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