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

Friday, 01 April 11
SUPRAS EX RICHARDS BAY COAL TERMINAL TO INDIA HOVERING AT $ 25 - 27.00 PMT - FEARNBULK
Handy Atlantic markets remain stable with more activity from the Black Sea to FEast paying in the mid 20´s on Supras. The USG remains firm p ...


Friday, 01 April 11
DRY BULK MARKET WEAKENS ON SLOWER DEMAND, HOPES FOR MID-TERM REBOUND ON JAPANS RECONSTRUCTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected in the Baltic Dry Index (BDI) retreated for a third day yesterday, after staying flat on Monday, to end at 1,530 p ...


Wednesday, 30 March 11
CHALLENGER SIGNS OPTION AGREEMENTS TO PURCHASE FOUR COAL PROJECTS IN INDONESIA
Challenger Signs Three Exclusive Option Agreements to Purchase Four Coal Projects in East Kalimantan, Indonesia Challenger Deep Resources Corp.ha ...


Wednesday, 30 March 11
KPCL TO IMPORT ONE MILLION TONS OF 6300 GAD COAL
COALspot.com - Karnataka Power Corporation a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 Kcal/kg ...


Wednesday, 30 March 11
WIKA GRABS PROJECT FROM ADARO INDONESIA - INSIDER STORIES
One of Indonesia's largest thermal coal PT Adaro Indonesia has finally mandated PT Wijaya Karya Tbk (WIKA) as a contractor to install and manage ov ...


   1063 1064 1065 1066 1067   
Showing 5321 to 5325 news of total 6871
News by Category
Popular News
 
Total Members : 28,617
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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