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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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Wednesday, 12 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
This year’s tanker S&P activity keeps edging higher compared to the same period in 2018. Year to date we have seen some 143 ships, rangin ...
Tuesday, 11 June 19
INDONESIAN COAL PRICE REFERENCE SET AT $81.48 PER TON IN JUNE, DOWN 15.66 PERCENT YEAR-ON-YEAR
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Monday, 10 June 19
CONSECUTIVE OWNERS OF CARGO: WHO HOLDS TITLE AND THE RIGHT TO SUE? - COLIN BIGGERS & PAISLEY
KNOWLEDGE TO ELEVATE
In Tritton Resources Pty Ltd v Ever Rock Navigation S.A. [2019] FCA 276, the Federal Court considered the application of ...
Monday, 10 June 19
KOSPO INVITES BIDS FOR 1,305,000 MT OF MIN 5600 KCAL/KG NCV COAL FOR SEPT 2019 TO DEC 2021
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 435,000 MT (per year) of max 5,600 kcal/kg N ...
Sunday, 09 June 19
SUPRAMAX: ASIA LOST GROUND; THE INDIAN OCEAN SAW SLOWER ACTIVITY - BALTIC BRIEFING
Capesize
The market continued in an unusually steady ascent last week. With no major news in the market, each day improved on the last, breakin ...
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- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Australian Coal Association
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
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