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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, 28 April 11
BALTIC DRY INDEX NUDGES UP AFTER DAYS OF LOSSES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After consecutive falls, the dry bulk freight market, as followed through the Baltic Dry Index, finally caught a breather yesterday, with the BDI ma ...
Wednesday, 27 April 11
KEWESPO CALLS FOR 765KT OF THERMAL COAL
COALspot.com - South Korea's East-West Power Co's (KEWESPO) has issued a tender to buy total 765,000 tonnes of thermal coal for delivery between J ...
Wednesday, 27 April 11
HARUM ENERGY TO PAY RP 659.1B IN DIVIDENDS - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miner Harum Energy is planning to pay out Rp 659.1 billion (US$76.46 million) in dividends this year ...
Wednesday, 27 April 11
TSIS $5 MILLION PLANT TO START PRODUCING UPGRADED COAL - THE JAKARTA POST
The Jakartapost reported that, PT Total Sinergy International (TSI), in association with Agritrade Resources Limited of Hong Kong, will upgrade its ...
Wednesday, 27 April 11
RAIN CONSIDERS COAL MINES TAKEOVER - INSIDER STORIES
Indonesian's tenth largest coal miner in term of coal concession, PT Resource Alam Indonesia Tbk (KKGI), is considering to acquire several coalmine ...
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- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- White Energy Company Limited
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
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