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Thursday, 20 June 19
BUMI RESOURCES EXPECTS TO SELL 42 MILLION TONS OF COAL IN FIRST HALF - JAKARTA POST
 PT Bumi Resources (BUMI), Indonesia's largest thermal coal miner, expects to close the first half of this year with coal sales of 42 million tons, or 47 percent of its full-year target of 88-90 million tons.
BUMI corporate secretary Dileep Srivastava said on Tuesday that the firm had sold 20 million tons of coal in the first quarter and was hopeful about achieving 22 million tons in the second quarter.
“Our second-quarter coal sales are 10 percent better than the first quarter, and we will have to sell another 45-48 million tons of coal in the second semester,” he told press after the annual shareholders meeting.
Dileep added that the firm’s growth was supported by steady production at its two coal miners, namely PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia.
The company expects to close this year with gross revenue at US$5 billion, up $100 million from last year’s $4.9 billion, despite the downward trend in coal prices.
According to the Energy and Mineral Resources Ministry, that downtrend began in October, when the coal price fell to $100.89 per ton. It declined further to $97.90 in November and $92.50 in December.
The trend continued this year, with the price dropping further in January, February, March and April to $92.41, $91.8, $90.57 and $88.85 per ton, respectively, before ending up much lower at $81.48 per ton in June.
“[In reaching our goals] we have already secured buyers for 85 percent of our coal production. Hence, we don’t have much doubt or see much risk in achieving our goals,” he said.
As of the first quarter of 2019, BUMI’s net profit dropped 46.27 percent year-on-year to $48.44 million, but that was much better than the previous quarter, when the firm only booked $15.1 million.
Despite a negative impact from the ongoing US-China trade war and the coal price cap for state-owned electricity firm PLN in the domestic market, Dileep was upbeat about the company’s prospects to raise coal output by 5-10 percent next year.
“Next year, there will hopefully be no coal price cap [at $70 dollars per ton] and the trade war impact could be mitigated. If those two things happen, I think we could have a 5-10 percent increase [in output] next year.” he said.
Source: The Jakarta Post
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Tuesday, 26 November 19
PREPARATIONS INTENSIFY AS 1 JANUARY 2020 GLOBAL CUT IN SULPHUR IN SHIP'S FUEL OIL LOOMS: IMO
“IMO 2020” requirements for ships to cut sulphur oxide emissions enter into effect in just over one month’s time. This will signi ...
Monday, 25 November 19
COAL SUPPLY BY CIL TO POWER SECTOR DROPS OVER 8 PC TO 253 MT IN APRIL-OCTOBER - PTI
Supply of coal by state-owned CIL to the power sector registered a decline of 8.5 per cent to 253 million tonnes in the April-October period of thi ...
Monday, 25 November 19
A 53,000DWT SHIP FIXED AT $9,500 DELIVERY SINGAPORE TRIP, VIA INDONESIA, REDELIVERY VIETNAM - BALTIC BRIEFING
Capesize
After a week of value being eroded on the Capesize market, Friday brought improved sentiment across most of the routes. The 5TC averag ...
Monday, 25 November 19
KOWEPO INVITED 6.79 MILLION TONS OF (SUB)BITUMINOUS STEAM COAL BIDS
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for 6,798,000 tons of coal for 5 years ...
Friday, 22 November 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Planning Commission, India
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
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