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

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 ...


Monday, 28 June 10
REVISIONS SHOULD AIM MINERAL AND COAL LAW
VIVAnews reported that, the Consortium of Mineral, Coal and Geothermal-Producing Regional Governments (Minerbapabum) is asking the government to per ...


   1149 1150 1151 1152 1153   
Showing 5751 to 5755 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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