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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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Sunday, 08 March 09
AUSTRALIA'S FELIX STUDYING COAL ACQUISITIONS IN INDIA, INDONESIA
Bloomberg reported that, Felix Resources Ltd., an Australian supplier of coal to Korea and Japan, is studying acquisitions of energy coal assets in ...
Saturday, 07 March 09
THERMAL COAL PRICES MAY DROP, STANDARD CHARTERED SAYS
Bloomberg reported that, Coal prices may decline as a slump in demand for the fuel outpaces cuts in production, Standard Chartered Plc said.
Exp ...
Friday, 06 March 09
STRAITS ASIA EYES 3RD MINE
Straitstimes reported that, Mining company Straits Asia Resources is on an expansion trail to more than double its output by 2012.
Amid the econo ...
Friday, 06 March 09
INDONESIA MAY MISS 2009 COAL OUTPUT TARGET-OFFICIAL
Indonesia, the world's top thermal coal exporter, may fail to achieve its coal production target this year as the global economic crisis dents dema ...
Friday, 06 March 09
POWER FIRMS HEAD TO INDONESIA FOR COAL
The Hindu Businessline reported that, The enactment of a new, more liberal, mining legislation in Indonesia is drawing coal-starved Indian power uti ...
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- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Planning Commission, India
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