We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 ...
|
|
|
Showing 1396 to 1400 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- The University of Queensland
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- ASAPP Information Group - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
|
| |
| |
|
