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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, 30 March 19
KOEN INVITES BIDS FOR 450,000 TONS OF (SUB) BITUMINOUS COAL FOR H1 AND JUNE 2019
South Korea state-owned utility KOREA SOUTH-EAST POWER CO., LTD. (KOEN) issued a tender for total 450,000 MT of min. 4300, 3500 and 5600 NCV ...
Wednesday, 27 March 19
SHIPPING MARKET INSIGHT - INTERMODAL
Contrary to the December 2018 forecasts but in line with the expectations of the dry bulk market, the first quarter of the year closed negatively. ...
Saturday, 23 March 19
IT WAS A POSITIVE WEEK FOR THE HANDY SIZE MARKET - BALTIC BRIEFING
Capesize
The big ships endured heavy losses last week extinguishing any hopes from the recent minor rally. Negative sentiment gained pace throu ...
Friday, 22 March 19
CHINA MARKET: COAL OUT IN THE COLD - BUSINESS RECORDER
Though China maintains there is no ban, China-bound Australian coal shipments are looking for a new home. For the past few months, coal cargoes are ...
Thursday, 21 March 19
PRICE PLUNGE AS CHINESE LEAVE THERMAL COAL OUT IN THE COLD - AUSTRALIAN FINANCIAL REVIEW
Thermal coal exporter New Hope Corporation says China’s shipment squeeze on Australia is putting downward pressure on prices in all markets i ...
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- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Planning Commission, India
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
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