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
Friday, 25 March 11
BORNEO ENERGI FY10 NET INCOME SOARS - INSIDER STORIES


Coking coal producer PT Borneo Lumbung Energi Tbk (BORN) booked a skyrocket net income by 499.72% from net loss position in 2009, as quoted by Insider Stories.

Insider Stories further said, the achievement was amid to significant growth on operating income by 1,272.26% due to the surging coking coal price and bigger production volume in 2010.

Borneo Energi successfully booked IDR348.85 billion net profit from IDR99.78 billion net loss in 2009.

In line with the advancing net profit, Borneo operating income skyrocket 2,012.04% to IDR1.01 trillion from IDR49.32 billion. Their operating margin rose 36.73% from 24.59%. Gross profit surged 1,526.25% to IDR1.50 trillion from IDR92.34 billion. Operating income increased 1,272.26% to IDR2.75 trillion from IDR200.52 billion. The revenue is in line with the target set some time ago.

This realization is beyond CIMB Securities estimation in which Borneo was predicted to book IDR2.56 trillion revenue in 2010. However, it is smaller that IDR2.96 trillion as predicted by Morgan Stanley Securities.

For 2010, Borneo is estimated to record 1.65 million tons sales volume with average selling price at US$185 per ton.

Based on latest research by Mandiri Sekuritas, Borneo Energi is projecting coking coal average selling price at US$240-US$275 per ton in Q I/2011.

Borneo seals 3 years exclusive marketing agreements with Glencore for 2 million tons per year with 4.5% fee. In 2011, Borneo plans to enlarge production to 3.8 million tons where 2 million tons has contracted with a buyer from China.

About 99% of Borneo Lumbung Energy shares owned by PT Republik Energi Metal where 99% of its shares is under controlled of PT Republik Komoditi management. 
Source:  Insider Strories



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

Recent News

Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...


Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...


Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...


Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...


Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...


   1051 1052 1053 1054 1055   
Showing 5261 to 5265 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 ...

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