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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, 24 June 19
KOMIPO INVITED BITUMINOUS COAL BIDS FOR BORYEONG & SHIN BORYEONG POWER PLANTS
South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 260,000 MT MT of min. 5700 NAR coal and 240,000 MT of min. 4,600 k ...
Sunday, 23 June 19
SUPRAMAX: A 56,000-DWT WAS FIXED FROM INDONESIA TO VIETNAM AT $10,000 - BALTIC BRIEFING
Capesize
The story over the past week has been largely Atlantic dominated as the basin’s uniquely volatile characteristics came into play ...
Saturday, 22 June 19
OPEC'S BATTLE FOR CONTROL OF THE OIL MARKET - WOOD MACKENZIE
Oil supply is confounding expectations. We have just raised our forecasts for non-OPEC production, the latest in a series of incremental increases. ...
Friday, 21 June 19
INDONESIA'S BAYAN RESOURCES SIGNED A COAL SUPPLY AGREEMENT WITH THE BANGLADESH BCPCL TO SUPPLY 23 MILLION TONS OF COAL FOR 10 YEARS
On Monday, 17th June 2019, PT. Bayan Resources signed a Coal supply Agreement with the Bangladesh- China Power Company (Pvt.) Limited. BCPCL is a j ...
Tuesday, 18 June 19
TANKER SHIPPING: WHILE WE WAIT FOR 2020 TO KICK IN, IT'S ALL ABOUT POLITICS - BIMCO
Demand drivers and freight rates
Iran, Libya and Venezuela face export limitations because of sanctions and internal political troubles. At the s ...
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- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- PTC India Limited - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Deloitte Consulting - India
- MS Steel International - UAE
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
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