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Thursday, 24 June 10
INDONESIAS BUMI DECLARED US$ 57.1 MILLION (AMOUNTING TO 30% OF 2009 NET INCOME) AS DIVIDEND
COALspot.com: PT Bumi Resources, Tbk’s Annual General Meeting (AGM) today was successfully held with a quorum of 75.89% resulting in shareholders approving all agendas proposed in both the AGM and the subsequent Extraordinary General Meeting (EGM) including the execution of non-preemptive issue, collateralization of the company’s assets, as well as strengthening of the company’s management according to statement issued by Bumi's Director cum Corporate Secretary, Dileep Srivastava.
BUMI is Asia's fastest & the World's 2nd fastest growing coal company operating multi mines in Indonesia.
A dividend amounting $57.1million was declared amounting to 30% of 2009 net income.
“We are thankful to the shareholders for approving the management’s proposal that will provide the company with strong base to realize stronger operational and financial performance with reduced debts in the coming year,” said BUMI President Director Ari Hudaya.
With the approved agenda, BUMI will implement its first step of the $1 billion deleveraging program announced last year- beginning with the significant reduction in debt from the non-preemptive issue. With a significant debt reduction, the company aims to boost financial performance through higher coal prices, sales, production, stronger internal cash flows and lower interest charges.
The statement further said that, Bumi is on track to achieving sales of +64 m tons (vs 58 m tons in FY'09), production + 67 m tons (vs 63 m tons in FY09) at an average fob price of minimum $67/ton. (vs $63/ton in FY09) with an exponential rise in EBITDA.(cs)
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Wednesday, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
Wednesday, 30 June 10
U.S. STEAM COAL EXPORTS TO SUPPORT FREIGHT RATES
Booming North American coal exports to China, driven by the country's insatiable need for steel raw materials, will provide support to freight rate ...
Tuesday, 29 June 10
EXPORT LETTER OF CREDIT PLAN DUMPED - THE JAKARTA GLOBE
The Jakartaglobe reported that, Indonesia has canceled a proposed regulation that would have required exporters of commodities such as cocoa, coffee ...
Tuesday, 29 June 10
BUMA TO MOVE AROUND 333 MLN BCM OF OVERBURDEN IN 2010
COALspot.com: PT Delta Dunia Makmur Tbk, holding company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), ...
Tuesday, 29 June 10
DRY BULK'S DOWNFALL FINALLY SHOWING SIGNS OF STABILIZATION
Although the dry bulk market has begun the week where it left off, that is on a downward note, brokers and charterers appear to be on the consensus ...
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- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Planning Commission, India
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- The University of Queensland
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
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