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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$275 per ton in Q I/2011.
Borneo seals 3 years exclusive marketing agreements with Glencore for 2 million tons per year with 4.5% fee. In 2011, Borneo plans to enlarge production to 3.8 million tons where 2 million tons has contracted with a buyer from China.
About 99% of Borneo Lumbung Energy shares owned by PT Republik Energi Metal where 99% of its shares is under controlled of PT Republik Komoditi management.
Source: Insider Strories
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Saturday, 26 March 11
FLSMIDTH WINS MULTIMILLION DOLLAR MATERIAL HANDLING PROJECT IN INDONESIA
FLSmidth has signed a contract in Jakarta worth in excess of USD 135m (DKK 700m) with PT Adaro Indonesia, a subsidiary of PT Adaro Energy Tbk., to s ...
Saturday, 26 March 11
ADARO AIMS TO DOUBLE COAL PRODUCTION -THE JAKARTA POST
The Jakarta Post reported that, coal producer PT Adaro Indonesia is planning to soon boost its production capacity to 80 million tons annually, almo ...
Friday, 25 March 11
KNOWLEDGE INFRASTRUCTURE TO BAG 160,000 MT COAL SUPPLY ORDER FROM TNPL
COALspot.com - Delhi based Knowledge infrastructure Systems Pvt. Ltd offered lowest price of US$ 97.10 per metric ton for calorific value of 6000 GA ...
Friday, 25 March 11
THE CAPESIZE MARKET CONTINUED TO FALL - FEARNBULK
Handy
The Atlantic market remains stable with more activity from the Black Sea to Feast paying in the mid 20´s on supras.
The USG remain ...
Thursday, 24 March 11
INDIA'S CHETTINAD INTERNATIONAL COAL TERMINAL'S PERMISSIBLE DRAFT HAS INCREASED TO 13.5 M
COALspot.com - Chettinad International Coal Terminal in Ennore port has the berth with draft 13.5 Meters now, according to E-Mail statement received ...
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- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- The University of Queensland
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
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