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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
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Thursday, 05 May 11
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark, the Baltic Dry Index (BDI) managed to edge higher yesterday, rising by 1.81% to 1,292 points, in the first po ...
Thursday, 05 May 11
AKR NAMES KARUNIA AS COAL CONTRACTOR
Insider Stories reported that, PT AKR Corporindo Tbk has appointed PT Karunia Bumi Khatulistiwa as the contractor of coal mining concession in North ...
Tuesday, 03 May 11
DRY BULK MARKET OUTLOOK SEEN WEAK, AS SHIP OWNERS PILE UP MORE SHIPS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the Baltic Dry Index not trading yesterday, it’s worth taking a step back to see the current freight levels. First of all, capesizes and ...
Tuesday, 03 May 11
THE HANDY MARKET CONTINUED TO SLIDE DOWN - BRS
There were marginal increases in rates for the larger sizes this week, with the Cape index remaining stable and the Panamax index logging a 5% incre ...
Monday, 02 May 11
ADARO POSTS 11.7 PERCENT INCREASE IN REVENUES ON HIGHER PRICES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s second-largest coal producer, PT Adaro Energy Tbk, announced an 11.7 percent increase in net reven ...
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- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
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