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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, 08 April 19
SULPHUR 2020 - COUNTDOWN TO THE SWITCHOVER - LLOYD'S REGISTER
Sulphur 2020 (MARPOL Annex VI Reg. 14.1.3) is still dominating headlines and as we draw closer to the 1 January 2020 deadline it’s clear that ...
Monday, 08 April 19
INDONESIAN COAL PRICE REFERENCE PRICE PLUMMETS TO LOW NOT SEEN SINCE AUGUST 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Sunday, 07 April 19
SHIP PASSAGE PLANS - NO ROOM FOR ERROR! - WATSON FARLEY & WILLIAMS
KNOWLEDGE TO ELEVATE
The English High Court’s judgment in Alize 1954 v Allianz Elementar Versicherungs AG (The CMA CGM Libra) is an impo ...
Sunday, 07 April 19
IMO 2020: READY OR NOT? - WOOD MACKENZIE
New Year’s Day 2020 is firmly marked in the calendar as the refining and shipping industries prepare for change.
The International Marit ...
Saturday, 06 April 19
AUSTRALIA COAL POSTS BIGGEST WEEKLY DROP IN A DECADE AMID WEAK DEMAND - REUTERS
Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of a decade ago as demand plunged ...
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- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- White Energy Company Limited
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Australian Coal Association
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Parliament of New Zealand
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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