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Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for the fuel and as production costs fell.
Net income rose to $124.5 million from $103.3 million a year earlier, the company said in an emailed statement late yesterday. Sales advanced 14 percent to $752.9 million, it said.
Bumi’s coal selling price in the first quarter gained 30 percent to $75.4 a ton on average while production costs fell 11 percent, the Jakarta-based company said. That helped to more than offset a 1.2 million ton drop in output volume, it said.
Thermal-coal prices at Australia’s Newcastle port, the world’s largest export hub for the fuel, reached a record last year and have since declined on concern the global recession will curb energy use.
The first quarter “was again a challenging period on account of continuing unusually heavy rainfall which hampered mining activity,” Dileep Srivastava, head of investor relations, said in the statement. Still, Bumi should meet its output and sales growth target of more than 10 percent this year, he said.
Shares of Bumi rose 2.7 percent to 1,520 rupiah in Jakarta on May 1. They have risen 67 percent so far this year, compared with a 28 percent gain in the benchmark Jakarta Composite index.
Source: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aI9m8jUkKfe0
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Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
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- Jindal Steel & Power Ltd - India
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- Goldman Sachs - Singapore
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- Meralco Power Generation, Philippines
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- IHS Mccloskey Coal Group - USA
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- Aditya Birla Group - India
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- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
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- Petrochimia International Co. Ltd.- Taiwan
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- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
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- Antam Resourcindo - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
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- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
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- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
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- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
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- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- The University of Queensland
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- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Economic Council, Georgia
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Planning Commission, India
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- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
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- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
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- Metalloyd Limited - United Kingdom
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- Timah Investasi Mineral - Indoneisa
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- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
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- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
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- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
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