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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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- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
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- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- White Energy Company Limited
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Australian Coal Association
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
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