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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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Saturday, 06 April 19
SUPRAMAX: IT WAS A POOR WEEK OVERALL FOR THE BALTIC SUPRAMAX INDEX, WHICH LOST GROUND - BALTIC BRIEFING
Capesize
The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest ...
Thursday, 04 April 19
OVERSUPPLY STILL MAJOR CHALLENGE WARNS ICS
Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned that avoiding overcapacity and ...
Thursday, 04 April 19
GLENCORE, TOHOKU ELECTRIC SET COAL CONTRACT PRICE AT $94.75/T - SOURCE, REUTERS REPORTED
Global miner Glencore and Japan’s Tohoku Electric Power agreed on a price of $94.75 per tonne for supplies of thermal coal from Australia for ...
Monday, 01 April 19
FORCE MAJEURE SUCCESS NOT A SEA CHANGE - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
It is difficult to successfully argue that contractual performance has been prevented or delayed by force majeure. This i ...
Monday, 01 April 19
AUSTRALIAN COAL AT RISK FROM CHINA MOVE, WARNS GOVERNMENT REPORT - SYDNEY MORNING HERALD
A new government report warns China’s restrictions on coal imports is the number one risk for Australian coal this year and could lead to a s ...
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- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Parliament of New Zealand
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Australian Coal Association
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
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