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, 29 March 11
JAPAN FACTOR RIPPLING THROUGH THE SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the world watching the latest developments regarding the nuclear crisis in Japan and the devastating effects of the recent tragedy that struck ...


Tuesday, 29 March 11
DUTY EXEMPTION UNLIKELY TO IMPACT COKING COAL PRICES - PTI NEWS
Press Trust of India News reported that, the exemption to certain types of coking coal from customs duty is not likely to impact steel prices at pre ...


Monday, 28 March 11
HARUM ENERGY FY10 EARNING UP 7.23% - INSIDER STORIES
Thermal coal producer PT Harum Energy Tbk (HRUM), controlled by Indonesian businessman Kiki Barki through his son Lawrence Barki, posted a slight in ...


Monday, 28 March 11
IBT RAISES CAPACITY OF PULAU LAUT TERMINAL - THE JAKARTA POST
The Jakarta Post reported that, coal infrastructure and logistics firm PT Indonesia Bulk Terminal (IBT), a subsidiary of PT Adaro Energy Tbk, plans ...


Saturday, 26 March 11
THE FREIGHT MARKET REMAINED A BIT VOLATILE THIS WEEK - CAPT. REDDY
COALspot.com - "The freight market remained a bit volatile this week", says Capt. Reddy, director of Vistaar Shipping Singapore. Howeve ...


   1064 1065 1066 1067 1068   
Showing 5326 to 5330 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 ...

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