COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 20 June 19
BUMI RESOURCES EXPECTS TO SELL 42 MILLION TONS OF COAL IN FIRST HALF - JAKARTA POST
Jakarta Post NewPT 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


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Sunday, 26 May 19
SUPRAMAX: A LIMITED ACTIVITY WAS REPORTED, WITH THE UPCOMING INDONESIAN HOLIDAYS SLOWING COAL MOVEMENTS - BALTIC BRIEFING
Capesize The past week marked one of the busier periods for Capesizes this year. With a subdued start due to a public holiday in Singapore on M ...


Wednesday, 22 May 19
SHIPPING MARKET INSIGHT - INTERMODAL
The ship repair sector is showing a constant and gradual increase on the workload throughout the past months, with almost all the shipyards worldwi ...


Saturday, 18 May 19
SUPRAMAX: 56,000DWT OPEN PANJANG FIXING AT $10,500 FOR A TRIP VIA INDONESIA, AND REDELIVERY CHINA - BALTIC EXCHANGE
Capesize The market continues to ebb and flow with a generally positive up trend. The Capesize 5TC opened with upward momentum from last week&r ...


Friday, 17 May 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 ...


Thursday, 16 May 19
SUPRAMAX: INDO/CHINA COAL RV TRADING AROUND US$ 9,000 BSS S.CHINA DELIVERY - FEARNLEYS
Capesize This volatile segment is trying to find a clear direction from the present US$ 12,000/day earnings for standard units says Fearnleys W ...


   278 279 280 281 282   
Showing 1396 to 1400 news of total 6871
News by Category
Popular News
 
Total Members : 28,627
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • VISA Power Limited - India
  • Ministry of Mines - Canada
  • Adaro Indonesia
  • Total Coal South Africa
  • JPower - Japan
  • Maharashtra Electricity Regulatory Commission - India
  • Semirara Mining Corp, Philippines
  • APGENCO India
  • NTPC Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Australian Coal Association
  • CCIC - Indonesia
  • Bhoruka Overseas - Indonesia
  • Glencore India Pvt. Ltd
  • BRS Brokers - Singapore
  • Gujarat Mineral Development Corp Ltd - India
  • Formosa Plastics Group - Taiwan
  • Billiton Holdings Pty Ltd - Australia
  • Karbindo Abesyapradhi - Indoneisa
  • J M Baxi & Co - India
  • Maybank - Singapore
  • RBS Sempra - UK
  • JPMorgan - India
  • Ince & co LLP
  • UOB Asia (HK) Ltd
  • Trasteel International SA, Italy
  • SN Aboitiz Power Inc, Philippines
  • Meenaskhi Energy Private Limited - India
  • Straits Asia Resources Limited - Singapore
  • Savvy Resources Ltd - HongKong
  • Mercator Lines Limited - India
  • Renaissance Capital - South Africa
  • LBH Netherlands Bv - Netherlands
  • Thailand Anthracite
  • Ceylon Electricity Board - Sri Lanka
  • Bukit Asam (Persero) Tbk - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Miang Besar Coal Terminal - Indonesia
  • Parry Sugars Refinery, India
  • San Jose City I Power Corp, Philippines
  • Indo Tambangraya Megah - Indonesia
  • IMC Shipping - Singapore
  • Sarangani Energy Corporation, Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • IBC Asia (S) Pte Ltd
  • Jindal Steel & Power Ltd - India
  • McConnell Dowell - Australia
  • Standard Chartered Bank - UAE
  • Baramulti Group, Indonesia
  • CoalTek, United States
  • OCBC - Singapore
  • ICICI Bank Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • Orica Australia Pty. Ltd.
  • Price Waterhouse Coopers - Russia
  • TGV SRAAC LIMITED, India
  • Romanian Commodities Exchange
  • Simpson Spence & Young - Indonesia
  • TANGEDCO India
  • Port Waratah Coal Services - Australia
  • Bukit Makmur.PT - Indonesia
  • Berau Coal - Indonesia
  • White Energy Company Limited
  • Kohat Cement Company Ltd. - Pakistan
  • Meralco Power Generation, Philippines
  • Global Business Power Corporation, Philippines
  • EIA - United States
  • Deloitte Consulting - India
  • Reliance Power - India
  • Bharathi Cement Corporation - India
  • Eastern Coal Council - USA
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Dalmia Cement Bharat India
  • Manunggal Multi Energi - Indonesia
  • Sakthi Sugars Limited - India
  • Electricity Generating Authority of Thailand
  • Jatenergy - Australia
  • Energy Development Corp, Philippines
  • CESC Limited - India
  • Coastal Gujarat Power Limited - India
  • PetroVietnam
  • PLN - Indonesia
  • ANZ Bank - Australia
  • Russian Coal LLC
  • Fearnleys - India
  • Lanco Infratech Ltd - India
  • Barasentosa Lestari - Indonesia
  • SASOL - South Africa
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • CIMB Investment Bank - Malaysia
  • Malabar Cements Ltd - India
  • Bangkok Bank PCL
  • Xindia Steels Limited - India
  • Antam Resourcindo - Indonesia
  • Permata Bank - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Enel Italy
  • Intertek Mineral Services - Indonesia
  • TRAFIGURA, South Korea
  • Carbofer General Trading SA - India
  • Indonesia Power. PT
  • Indian Energy Exchange, India
  • Lafarge - France
  • Leighton Contractors Pty Ltd - Australia
  • GAC Shipping (India) Pvt Ltd
  • Videocon Industries ltd - India
  • Mitsubishi Corporation
  • Africa Commodities Group - South Africa
  • Gresik Semen - Indonesia
  • Global Coal Blending Company Limited - Australia
  • GVK Power & Infra Limited - India
  • PTC India Limited - India
  • Platou - Singapore
  • Borneo Indobara - Indonesia
  • Attock Cement Pakistan Limited
  • Gupta Coal India Ltd
  • Asmin Koalindo Tuhup - Indonesia
  • Cemex - Philippines
  • Peabody Energy - USA
  • Petrochimia International Co. Ltd.- Taiwan
  • Coalindo Energy - Indonesia
  • Barclays Capital - USA
  • Larsen & Toubro Limited - India
  • Asia Cement - Taiwan
  • London Commodity Brokers - England
  • Toyota Tsusho Corporation, Japan
  • HSBC - Hong Kong
  • Mjunction Services Limited - India
  • Global Green Power PLC Corporation, Philippines
  • Uttam Galva Steels Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Sindya Power Generating Company Private Ltd
  • ACC Limited - India
  • South Luzon Thermal Energy Corporation
  • Bukit Baiduri Energy - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Kartika Selabumi Mining - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • Siam City Cement - Thailand
  • Planning Commission, India
  • Edison Trading Spa - Italy
  • Ind-Barath Power Infra Limited - India
  • bp singapore
  • Singapore Mercantile Exchange
  • Mitsui
  • Panama Canal Authority
  • GN Power Mariveles Coal Plant, Philippines
  • Adani Power Ltd - India
  • KOWEPO - South Korea
  • Tata Chemicals Ltd - India
  • Krishnapatnam Port Company Ltd. - India
  • Maheswari Brothers Coal Limited - India
  • Japan Coal Energy Center
  • Cargill India Pvt Ltd
  • Idemitsu - Japan
  • ETA - Dubai
  • Infraline Energy - India
  • Thriveni
  • EMO - The Netherlands
  • Ambuja Cements Ltd - India
  • Electricity Authority, New Zealand
  • Chamber of Mines of South Africa
  • Merrill Lynch Commodities Europe
  • Central Java Power - Indonesia
  • MEC Coal - Indonesia
  • Core Mineral Indonesia
  • Coal Orbis AG
  • U S Energy Resources
  • Power Finance Corporation Ltd., India
  • Gujarat Sidhee Cement - India
  • AsiaOL BioFuels Corp., Philippines
  • TeaM Sual Corporation - Philippines
  • Energy Link Ltd, New Zealand
  • Qatrana Cement - Jordan
  • Rudhra Energy - India
  • Arch Coal - USA
  • Bangladesh Power Developement Board
  • SGS (Thailand) Limited
  • The University of Queensland
  • OPG Power Generation Pvt Ltd - India
  • GMR Energy Limited - India
  • Kumho Petrochemical, South Korea
  • Bank of America
  • Kideco Jaya Agung - Indonesia
  • Geoservices-GeoAssay Lab
  • Makarim & Taira - Indonesia
  • Posco Energy - South Korea
  • Therma Luzon, Inc, Philippines
  • Xstrata Coal
  • CNBM International Corporation - China
  • Heidelberg Cement - Germany
  • The Treasury - Australian Government
  • Bhushan Steel Limited - India
  • Bhatia International Limited - India
  • Credit Suisse - India
  • NALCO India
  • Bahari Cakrawala Sebuku - Indonesia
  • Rio Tinto Coal - Australia
  • Grasim Industreis Ltd - India
  • Cigading International Bulk Terminal - Indonesia
  • Kaltim Prima Coal - Indonesia
  • ING Bank NV - Singapore
  • Banpu Public Company Limited - Thailand
  • UBS Singapore
  • Latin American Coal - Colombia
  • Siam City Cement PLC, Thailand
  • Tamil Nadu electricity Board
  • PowerSource Philippines DevCo
  • IOL Indonesia
  • BNP Paribas - Singapore
  • PNOC Exploration Corporation - Philippines
  • Economic Council, Georgia
  • KPCL - India
  • Rashtriya Ispat Nigam Limited - India
  • Mintek Dendrill Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Binh Thuan Hamico - Vietnam
  • GB Group - China
  • Karaikal Port Pvt Ltd - India
  • Directorate Of Revenue Intelligence - India
  • Samtan Co., Ltd - South Korea
  • MS Steel International - UAE
  • Orica Mining Services - Indonesia
  • Ernst & Young Pvt. Ltd.
  • PetroVietnam Power Coal Import and Supply Company
  • Sucofindo - Indonesia
  • Britmindo - Indonesia
  • Independent Power Producers Association of India
  • KPMG - USA
  • Coal and Oil Company - UAE
  • GHCL Limited - India
  • Coal India Limited
  • Kapuas Tunggal Persada - Indonesia
  • Aditya Birla Group - India
  • Indika Energy - Indonesia
  • Ministry of Finance - Indonesia
  • globalCOAL - UK
  • Clarksons - UK
  • Merrill Lynch Bank
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • World Bank
  • Vitol - Bahrain
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Sical Logistics Limited - India
  • Salva Resources Pvt Ltd - India
  • PLN Batubara - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Freeport Indonesia
  • Agrawal Coal Company - India
  • GNFC Limited - India
  • Coeclerici Indonesia
  • Bulk Trading Sa - Switzerland
  • Commonwealth Bank - Australia
  • Timah Investasi Mineral - Indoneisa
  • European Bulk Services B.V. - Netherlands
  • Iligan Light & Power Inc, Philippines
  • Australian Commodity Traders Exchange
  • Cosco
  • Jaiprakash Power Ventures ltd
  • Mercuria Energy - Indonesia
  • Cement Manufacturers Association - India
  • Vale Mozambique
  • Mechel - Russia
  • IHS Mccloskey Coal Group - USA
  • Riau Bara Harum - Indonesia
  • Pinang Coal Indonesia
  • Pendopo Energi Batubara - Indonesia
  • IEA Clean Coal Centre - UK
  • Alfred C Toepfer International GmbH - Germany
  • Maruti Cements - India
  • Deutsche Bank - India
  • McKinsey & Co - India
  • Mitra SK Pvt Ltd - India
  • DBS Bank - Singapore
  • Kobe Steel Ltd - Japan
  • TNPL - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Shree Cement - India
  • Surastha Cement
  • Oldendorff Carriers - Singapore
  • Altura Mining Limited, Indonesia
  • Malco - India
  • SRK Consulting
  • Moodys - Singapore
  • Indonesian Coal Mining Association
  • The India Cements Ltd
  • Cardiff University - UK
  • Eastern Energy - Thailand
  • Marubeni Corporation - India
  • Arutmin Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Wilmar Investment Holdings
  • Indian Oil Corporation Limited
  • Runge Indonesia
  • India Bulls Power Limited - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Bank of China, Malaysia
  • Inco-Indonesia
  • Asian Development Bank
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Kepco SPC Power Corporation, Philippines
  • Georgia Ports Authority, United States
  • Humpuss - Indonesia
  • Thiess Contractors Indonesia
  • Thomson Reuters GRC
  • Inspectorate - India
  • Chettinad Cement Corporation Ltd - India
  • Wood Mackenzie - Singapore
  • The State Trading Corporation of India Ltd
  • Tata Power - India
  • Indorama - Singapore
  • Anglo American - United Kingdom
  • World Coal - UK
  • Kobexindo Tractors - Indoneisa
  • SMC Global Power, Philippines
  • Argus Media - Singapore
  • Vedanta Resources Plc - India
  • Medco Energi Mining Internasional
  • Interocean Group of Companies - India
  • Ministry of Transport, Egypt
  • SMG Consultants - Indonesia
  • Platts
  • Star Paper Mills Limited - India
  • Maersk Broker
  • Metalloyd Limited - United Kingdom
  • Gujarat Electricity Regulatory Commission - India
  • ASAPP Information Group - India
  • Essar Steel Hazira Ltd - India
  • Indian School of Mines
  • Madhucon Powers Ltd - India
  • Goldman Sachs - Singapore
  • Indogreen Group - Indonesia
  • Samsung - South Korea
  • Minerals Council of Australia
  • Central Electricity Authority - India
  • KEPCO - South Korea
  • Tanito Harum - Indonesia
  • WorleyParsons
  • Jorong Barutama Greston.PT - Indonesia
  • Thermax Limited - India
  • New Zealand Coal & Carbon
  • Vizag Seaport Private Limited - India
  • SUEK AG - Indonesia
  • Petrosea - Indonesia
  • Thai Mozambique Logistica
  • Coaltrans Conferences
  • Cebu Energy, Philippines
  • Sojitz Corporation - Japan
  • Petron Corporation, Philippines
  • Parliament of New Zealand
  • International Coal Ventures Pvt Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Noble Europe Ltd - UK
  • Shenhua Group - China