COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Tuesday, 13 July 10
BUMI TO PRODUCE MORE THAN 67 MILLION TONS OF COAL IN 2010


COALspot.com: Bumi resources, Indonesia’s largest coal producer has previewed its operating results in KPC/Arutmin for Jan – Jun 2010. According to Bumi’s announcement previewing the operating metrics of Bumi (KPC & Arutmin) for the period Jan - Jun 2010 and Apr - Jun 2010 y-o-y has indicated an outperform on sales and production volumes and price with a lower strip ratio and higher closing inventory compared with the same period in 2009 – in spite of challenging weather conditions. 

FOB Price Changes (KPC/Arutmin)

Oct/Dec 2009  $ 58.0/ton
Jan/Mar 2010  $ 62.7/ton
Apr/Jun 2010 (E) $ 71.6/ton, up $ 11.5/ton compare to Apr/Jun 2009  $ 60.1/ton

- Sharply Rising in 1H 2010 - Revenue Growth looking very strong

• Sales Volume Higher by 21%
• Production Higher by 13%
• FOB Price Reaches $71.6/ton
• Overall Coal Stocks Comfortable
 

Key Highlights

Sales of 31 million tons up 22% vs just 25.6 million tons in H109. Q1'10 was a record breaking quarter at 16 million tons up ca 42% vs just 11.3 million tons in Q1'09.

KPC achieved a record load out of 3.96 million tons in June 2010 – previous best was in August 2009 at 3.80 million tons.  Loading capacity in Sangatta port has been upgraded by 67% to 7,500 tons/hour over May/Jun’10 compared with earlier 4,500 tons/hour. Presently, “they are able to do 6200 tph but they should soon reach full capacity of 7500 tph over H2'10’, the report says.

Deleveraging and unlocking value is of the highest priority in BUMI. Beginning with the non preemptive issue closing latest 30 September 2010 and formation of Bumi Resources Minerals (BRM) to manage and develop the non energy assets.

According to preview, company is on track to achieve FY 2010 guidance of:  Sales > 64 million tons, Production > 67 million tons and  Price > $67/ton fob.

Sales Outlook for July 2010 – ca 5.5 million tons. 



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines. "Arutmin is being impacted by ...


Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respe ...


Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under  Ministry of Commerce, has invited Expression of Interest from coal suppliers ...


Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...


Thursday, 08 July 10
KPCL RECEIVES 8 QUALIFIED BIDS TO SUPPLY 500,000 MT OF COAL
COALspot.com: Indian state utility KARNATAKA POWER CORPORATION LIMITED  has opened price bid yesterday. According to a participant, the quo ...


   1145 1146 1147 1148 1149   
Showing 5731 to 5735 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Miang Besar Coal Terminal - Indonesia
  • Attock Cement Pakistan Limited
  • Indonesia Power. PT
  • McKinsey & Co - India
  • Cebu Energy, Philippines
  • MEC Coal - Indonesia
  • Georgia Ports Authority, United States
  • TNB Fuel Sdn Bhd - Malaysia
  • Shenhua Group - China
  • EMO - The Netherlands
  • Iligan Light & Power Inc, Philippines
  • Asia Cement - Taiwan
  • TGV SRAAC LIMITED, India
  • Cemex - Philippines
  • IEA Clean Coal Centre - UK
  • Agrawal Coal Company - India
  • Meralco Power Generation, Philippines
  • Semirara Mining and Power Corporation, Philippines
  • Goldman Sachs - Singapore
  • Latin American Coal - Colombia
  • Kideco Jaya Agung - Indonesia
  • South Luzon Thermal Energy Corporation
  • Indo Tambangraya Megah - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Gujarat Electricity Regulatory Commission - India
  • Bahari Cakrawala Sebuku - Indonesia
  • London Commodity Brokers - England
  • Surastha Cement
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Jaiprakash Power Ventures ltd
  • Simpson Spence & Young - Indonesia
  • Barclays Capital - USA
  • Merrill Lynch Bank
  • SGS (Thailand) Limited
  • Manunggal Multi Energi - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Russian Coal LLC
  • Rudhra Energy - India
  • Essar Steel Hazira Ltd - India
  • Coal and Oil Company - UAE
  • Cosco
  • San Jose City I Power Corp, Philippines
  • globalCOAL - UK
  • Ernst & Young Pvt. Ltd.
  • Mechel - Russia
  • European Bulk Services B.V. - Netherlands
  • Indian Energy Exchange, India
  • Leighton Contractors Pty Ltd - Australia
  • Kobexindo Tractors - Indoneisa
  • Pipit Mutiara Jaya. PT, Indonesia
  • Sical Logistics Limited - India
  • Salva Resources Pvt Ltd - India
  • IHS Mccloskey Coal Group - USA
  • Africa Commodities Group - South Africa
  • Thriveni
  • Price Waterhouse Coopers - Russia
  • Bank of China, Malaysia
  • International Coal Ventures Pvt Ltd - India
  • OCBC - Singapore
  • SRK Consulting
  • PLN - Indonesia
  • Gujarat Sidhee Cement - India
  • Tamil Nadu electricity Board
  • Barasentosa Lestari - Indonesia
  • Renaissance Capital - South Africa
  • MS Steel International - UAE
  • Edison Trading Spa - Italy
  • Directorate General of MIneral and Coal - Indonesia
  • UOB Asia (HK) Ltd
  • White Energy Company Limited
  • TeaM Sual Corporation - Philippines
  • Petron Corporation, Philippines
  • Coalindo Energy - Indonesia
  • ETA - Dubai
  • Thermax Limited - India
  • Kumho Petrochemical, South Korea
  • Australian Commodity Traders Exchange
  • Malco - India
  • GMR Energy Limited - India
  • Grasim Industreis Ltd - India
  • Clarksons - UK
  • Jatenergy - Australia
  • Global Coal Blending Company Limited - Australia
  • Planning Commission, India
  • TRAFIGURA, South Korea
  • Aboitiz Power Corporation - Philippines
  • GVK Power & Infra Limited - India
  • Mercuria Energy - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Sucofindo - Indonesia
  • Aditya Birla Group - India
  • Enel Italy
  • Independent Power Producers Association of India
  • Ministry of Finance - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • TANGEDCO India
  • Eastern Energy - Thailand
  • J M Baxi & Co - India
  • Maheswari Brothers Coal Limited - India
  • Freeport Indonesia
  • PowerSource Philippines DevCo
  • Meenaskhi Energy Private Limited - India
  • Rio Tinto Coal - Australia
  • Oldendorff Carriers - Singapore
  • Sree Jayajothi Cements Limited - India
  • Videocon Industries ltd - India
  • IBC Asia (S) Pte Ltd
  • ACC Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • Pendopo Energi Batubara - Indonesia
  • Kobe Steel Ltd - Japan
  • Coaltrans Conferences
  • Electricity Generating Authority of Thailand
  • Anglo American - United Kingdom
  • Ince & co LLP
  • Maharashtra Electricity Regulatory Commission - India
  • Vedanta Resources Plc - India
  • Electricity Authority, New Zealand
  • Directorate Of Revenue Intelligence - India
  • AsiaOL BioFuels Corp., Philippines
  • Energy Link Ltd, New Zealand
  • Holcim Trading Pte Ltd - Singapore
  • SASOL - South Africa
  • The University of Queensland
  • Minerals Council of Australia
  • GNFC Limited - India
  • Glencore India Pvt. Ltd
  • Noble Europe Ltd - UK
  • Sinarmas Energy and Mining - Indonesia
  • Wilmar Investment Holdings
  • Sindya Power Generating Company Private Ltd
  • Economic Council, Georgia
  • Xstrata Coal
  • TNPL - India
  • Lanco Infratech Ltd - India
  • Reliance Power - India
  • Madhucon Powers Ltd - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Bukit Asam (Persero) Tbk - Indonesia
  • Pinang Coal Indonesia
  • Medco Energi Mining Internasional
  • Bharathi Cement Corporation - India
  • Romanian Commodities Exchange
  • KEPCO - South Korea
  • PetroVietnam
  • Indogreen Group - Indonesia
  • Ind-Barath Power Infra Limited - India
  • World Bank
  • Adani Power Ltd - India
  • Ceylon Electricity Board - Sri Lanka
  • Thiess Contractors Indonesia
  • KPCL - India
  • Petrosea - Indonesia
  • Cement Manufacturers Association - India
  • Bulk Trading Sa - Switzerland
  • Deutsche Bank - India
  • Thailand Anthracite
  • Shree Cement - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • KPMG - USA
  • Lafarge - France
  • Core Mineral Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Tata Power - India
  • BRS Brokers - Singapore
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Bhushan Steel Limited - India
  • Permata Bank - Indonesia
  • Commonwealth Bank - Australia
  • Inco-Indonesia
  • BNP Paribas - Singapore
  • Formosa Plastics Group - Taiwan
  • Mitra SK Pvt Ltd - India
  • Credit Suisse - India
  • WorleyParsons
  • VISA Power Limited - India
  • Thomson Reuters GRC
  • IMC Shipping - Singapore
  • Sojitz Corporation - Japan
  • Coal Orbis AG
  • Inspectorate - India
  • Bukit Baiduri Energy - Indonesia
  • Britmindo - Indonesia
  • Parliament of New Zealand
  • Wood Mackenzie - Singapore
  • CIMB Investment Bank - Malaysia
  • PLN Batubara - Indonesia
  • Cardiff University - UK
  • Global Business Power Corporation, Philippines
  • Alfred C Toepfer International GmbH - Germany
  • Xindia Steels Limited - India
  • IOL Indonesia
  • Altura Mining Limited, Indonesia
  • Larsen & Toubro Limited - India
  • Indian School of Mines
  • Merrill Lynch Commodities Europe
  • Cargill India Pvt Ltd
  • CCIC - Indonesia
  • LBH Netherlands Bv - Netherlands
  • India Bulls Power Limited - India
  • Interocean Group of Companies - India
  • CNBM International Corporation - China
  • Bhatia International Limited - India
  • Carbofer General Trading SA - India
  • Mitsui
  • Petrochimia International Co. Ltd.- Taiwan
  • Central Java Power - Indonesia
  • PTC India Limited - India
  • Antam Resourcindo - Indonesia
  • Australian Coal Association
  • EIA - United States
  • Tata Chemicals Ltd - India
  • Savvy Resources Ltd - HongKong
  • Vijayanagar Sugar Pvt Ltd - India
  • Bank of America
  • Kalimantan Lumbung Energi - Indonesia
  • The State Trading Corporation of India Ltd
  • NALCO India
  • Asmin Koalindo Tuhup - Indonesia
  • Karaikal Port Pvt Ltd - India
  • GHCL Limited - India
  • Thai Mozambique Logistica
  • Vale Mozambique
  • Bhoruka Overseas - Indonesia
  • bp singapore
  • Sarangani Energy Corporation, Philippines
  • Energy Development Corp, Philippines
  • ANZ Bank - Australia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Coeclerici Indonesia
  • Bangladesh Power Developement Board
  • Jorong Barutama Greston.PT - Indonesia
  • Vizag Seaport Private Limited - India
  • Central Electricity Authority - India
  • PetroVietnam Power Coal Import and Supply Company
  • Argus Media - Singapore
  • Samsung - South Korea
  • Malabar Cements Ltd - India
  • Vitol - Bahrain
  • Platts
  • Kohat Cement Company Ltd. - Pakistan
  • Indorama - Singapore
  • Baramulti Group, Indonesia
  • Ministry of Transport, Egypt
  • Arutmin Indonesia
  • Banpu Public Company Limited - Thailand
  • Orica Mining Services - Indonesia
  • RBS Sempra - UK
  • SUEK AG - Indonesia
  • Siam City Cement PLC, Thailand
  • Kartika Selabumi Mining - Indonesia
  • Parry Sugars Refinery, India
  • Adaro Indonesia
  • Runge Indonesia
  • Makarim & Taira - Indonesia
  • Standard Chartered Bank - UAE
  • Tanito Harum - Indonesia
  • Japan Coal Energy Center
  • Binh Thuan Hamico - Vietnam
  • Eastern Coal Council - USA
  • Bukit Makmur.PT - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • The Treasury - Australian Government
  • Asian Development Bank
  • The India Cements Ltd
  • CESC Limited - India
  • Orica Australia Pty. Ltd.
  • Port Waratah Coal Services - Australia
  • Jindal Steel & Power Ltd - India
  • Kaltim Prima Coal - Indonesia
  • World Coal - UK
  • Ambuja Cements Ltd - India
  • Uttam Galva Steels Limited - India
  • Global Green Power PLC Corporation, Philippines
  • Riau Bara Harum - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Indika Energy - Indonesia
  • Semirara Mining Corp, Philippines
  • Total Coal South Africa
  • Maybank - Singapore
  • Idemitsu - Japan
  • Bangkok Bank PCL
  • Berau Coal - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Intertek Mineral Services - Indonesia
  • Deloitte Consulting - India
  • Qatrana Cement - Jordan
  • U S Energy Resources
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Marubeni Corporation - India
  • GB Group - China
  • Fearnleys - India
  • SMC Global Power, Philippines
  • Humpuss - Indonesia
  • Maruti Cements - India
  • Straits Asia Resources Limited - Singapore
  • Arch Coal - USA
  • NTPC Limited - India
  • Dalmia Cement Bharat India
  • PNOC Exploration Corporation - Philippines
  • Ministry of Mines - Canada
  • Samtan Co., Ltd - South Korea
  • Power Finance Corporation Ltd., India
  • Bayan Resources Tbk. - Indonesia
  • JPower - Japan
  • DBS Bank - Singapore
  • SN Aboitiz Power Inc, Philippines
  • UBS Singapore
  • Mercator Lines Limited - India
  • KOWEPO - South Korea
  • Trasteel International SA, Italy
  • Siam City Cement - Thailand
  • Maersk Broker
  • Platou - Singapore
  • Gresik Semen - Indonesia
  • Indonesian Coal Mining Association
  • McConnell Dowell - Australia
  • APGENCO India
  • Coal India Limited
  • Chamber of Mines of South Africa
  • Coastal Gujarat Power Limited - India
  • ASAPP Information Group - India
  • Globalindo Alam Lestari - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Infraline Energy - India
  • Therma Luzon, Inc, Philippines
  • Singapore Mercantile Exchange
  • Chettinad Cement Corporation Ltd - India
  • GAC Shipping (India) Pvt Ltd
  • ICICI Bank Limited - India
  • Peabody Energy - USA
  • Heidelberg Cement - Germany
  • Mitsubishi Corporation
  • Mintek Dendrill Indonesia
  • Sakthi Sugars Limited - India
  • SMG Consultants - Indonesia
  • Gupta Coal India Ltd
  • Krishnapatnam Port Company Ltd. - India
  • JPMorgan - India
  • Metalloyd Limited - United Kingdom
  • CoalTek, United States
  • ING Bank NV - Singapore
  • Geoservices-GeoAssay Lab
  • Gujarat Mineral Development Corp Ltd - India
  • HSBC - Hong Kong
  • Posco Energy - South Korea
  • Kapuas Tunggal Persada - Indonesia
  • Mjunction Services Limited - India
  • New Zealand Coal & Carbon
  • Panama Canal Authority
  • Borneo Indobara - Indonesia
  • Star Paper Mills Limited - India
  • Indian Oil Corporation Limited
  • Moodys - Singapore