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