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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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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 ...
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- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
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