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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, 24 December 18
DRY BULK MARKET: CAPESIZE MARKET ON BACKFOOT AS 2018'S END DRAWS NEAR - THE BALTIC BRIEFING
Capesize
Panic set in in the East as the holiday season approaches, with owners chasing rates lower. Rates on the key West Australia/China route ...
Friday, 21 December 18
4.2 MILLION DWT OF DRY BULK SHIPS SCRAPPED UNTIL 17 DEC, DOWN 71.6% Y/Y - BIMCO
2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An al ...
Thursday, 20 December 18
INDONESIAN COAL PRICES DIVERGE FROM KEY BENCHMARK - FITCH RATINGS
The Newcastle 6,000kcal coal price benchmark that is widely used to determine most coal price estimates for Indonesian coal miners has increasingly ...
Wednesday, 19 December 18
CHINA'S IMPORT RESTRICTIONS ON COAL SPOILS THE PARTY FOR PANAMAXES - DREWRY
The Chinese government’s objective of suppressing coal and lignite imports in November and December 2018 is adversely impacting demand for Pa ...
Wednesday, 19 December 18
GLOBAL COAL DEMAND SET TO REMAIN STABLE THROUGH 2023, DESPITE HEADWINDS - IEA
While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as decli ...
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- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
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