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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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Monday, 18 November 19
SUPRAMAX: IN THE INDONESIAN COAL BUSINESS, A 58KDWT VESSEL FIXED DELIVERY PHILIPPINES, REDELIVERY INDIA AT CLOSE TO $8,000 - BALTIC BRIEFING
Capesize
For most of the week the rates were nudging up under a flurry of activity in the Pacific as levels for the West Australia to China C5 ...
Saturday, 16 November 19
LIFE AFTER FOSSIL FUELS: THE DAYS OF OIL AND COAL TRANSPORTATION ARE NUMBERED - BALTIC EXCHANGE
With the world fiercely focused on a decarbonised future, fossil fuel movers and traders might rightly be reconsidering their future. But cast a wi ...
Saturday, 16 November 19
OIL MARKET REPORT: PAUSING TO REFLECT - IEA
Global oil demand in 3Q19 increased by 1.1 mb/d year-on-year (y-o-y), more than double the 435 kb/d seen in 2Q19. China’s demand increased by ...
Friday, 15 November 19
RISING ENERGY DEMAND IN SOUTHEAST ASIA TO BE MET AND SUPPORTED BY COAL - WORLD COAL
Last week the International Energy Agency (IEA) released its semi-annual Southeast Asia Energy Outlook report which outlines the latest insights in ...
Thursday, 14 November 19
EIA EXPECTS U.S. STEAM COAL EXPORTS TO FACE INCREASING COMPETITION FROM EASTERN EUROPEAN SOURCES
EIA expects total U.S. coal production in 2019 to total 698 million short tons (MMst), an 8% decrease from the 2018 level of 756 MMst. The decline ...
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- Neyveli Lignite Corporation Ltd, - India
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- Formosa Plastics Group - Taiwan
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- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
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- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
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- Gujarat Sidhee Cement - India
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- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
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- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
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- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
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- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
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- India Bulls Power Limited - India
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- Eastern Coal Council - USA
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- Romanian Commodities Exchange
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- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
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- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
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- Merrill Lynch Commodities Europe
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- Central Java Power - Indonesia
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- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Parliament of New Zealand
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
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- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- White Energy Company Limited
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- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Altura Mining Limited, Indonesia
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- European Bulk Services B.V. - Netherlands
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- Energy Development Corp, Philippines
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- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- PTC India Limited - India
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- The University of Queensland
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
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- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
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- Bukit Baiduri Energy - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
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- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
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- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
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