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Wednesday, 25 July 18
COAL MINER BUKIT ASAM'S PROFIT GROWS 50% IN FIRST HALF - JP
 Coal miner Bukit Asam announced 50 percent profit growth to Rp 2.58 trillion (US$177.33 million) in the first half of 2018, on the back of a coal-price increase and improved efficiency.
The company booked Rp 10.53 trillion revenue in the first half, 17 percent higher than the figure in the same period last year, while its sales increased 8 percent to 12.22 million ton.
“The price increased by 9 percent to 838,288 per ton on average,” said Bukit Asam corporate secretary Suherman in Jakarta on Monday as reported by kontan.co.id.
He said the company managed to press cost of revenue by 9 percent to Rp 6.1 trillion, while production volume increased by 19 percent, compared to the figure in the corresponding period of 2017, which was recorded at 11.36 million ton.
Suherman acknowledged that the domestic market obligation (DMO), which was decided at US$70 per ton, had affected the company’s revenue. Under the DMO scheme, the coal miner is required to sell 25 percent of its products to the local market, particularly to fuel power plants.
Bukit Asam aims this year to sell 25.88 million tons of coal, 53 percent of which to the domestic market, while the other 47 percent of the commodity will be exported.
However, not all coal produced by Bukit Asam for the domestic market is sold based on the DMO price because after fulfilling the DMO quota, the company sells the remaining coal to other miners unable to fulfill their DMO quota of 25 percent of production. The coal is sold according to market price.
Source: The Jakarta Post
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Friday, 30 March 18
SHIPPING INDUSTRY CONFIDENCE HITS FOUR-YEAR HIGH - MOORE STEPHENS
Shipping Confidence Survey
In February 2018, the average confidence level expressed by respondents was up from 6.2 in November 2017 t ...
Friday, 30 March 18
EXPLAINING POLAND'S COAL PARADOX - FORBES
In the U.S. coal is succumbing to market forces despite the Trump Administration’s push to support the industry. Abundant, cheap and cleaner ...
Friday, 30 March 18
THIESS SECURES $140M MT OWEN INCREASE
Thiess has secured a A$140 million increase to its contract with Glencore for coal mining services at Mt Owen in the Hunter Valley, Australia. Mt O ...
Wednesday, 28 March 18
THIESS WINS $280M WAHANA EXTENSION
Thiess has been awarded a three-year $280 million contract extension at the Wahana coal mine in South Kalimantan, Indonesia.
According to Thie ...
Wednesday, 28 March 18
RIO TINTO TO SELL KESTREL MINE FOR $2.25 BILLION - REUTERS
Rio Tinto sold its remaining coal asset Kestrel in Australia to private equity manager EMR Capital and Indonesia’s Adaro Energy Tbk for $2.25 ...
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- Price Waterhouse Coopers - Russia
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- CNBM International Corporation - China
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
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