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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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Tuesday, 22 January 19
AUSTRALIA'S YANCOAL PRODUCED 50 MMT SALEABLE COAL IN 2018 UP 59 PER CENT ON THE YEAR PRIOR, THE QUARTERLY REPORT SHOWS
According to the report, the miner's quarterly (Q4' 18) saleable coal production of 12.4 Mmt. Includes 10.5 Mmt (85 per cent) from the Comp ...
Monday, 21 January 19
KOSPO INVITING BIDS FOR 320K MT OF LOW CALORIFIC VALUE COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 3,800 kcal/kg NCV low calo ...
Monday, 21 January 19
SUPRAMAX: INDONESIAN COAL RUNS, TONNAGE WAS GIVING APS DELIVERIES AND A 57,000DWT SHIP FIXED AT $7,000 FOR A TRIP TO WEST COAST INDIA - BALTIC BRIEFING
Capesize
A positive end to a week that saw rates on the West Australia/China run slip below $6.00, as charterers faced a plentiful supply ...
Monday, 21 January 19
HARD COAL WORLD TRADE IN 2018 RISES BY 3.7 PER CENT; GLOBAL HARD COAL PRODUCTION INCREASES BY 1.7 PER CENT - VDKI
Global Hard Coal Production Increases By 1.7%.
According to provisional calculations by the German Coal Importer Association (VDKi), ...
Sunday, 20 January 19
OIL MARKET REPORT: A MARATHON, NOT A SPRINT - IEA
Last month, we asked if there was a floor under prices following the signing of a new Vienna Agreement that aims to re-balance the oil market. Foll ...
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- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- PTC India Limited - India
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
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