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

Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...


Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today. Seven Indian coal  traders have submitted price bid to sup ...


Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...


Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...


Tuesday, 22 March 11
KRISHNAPATNAM PORT SETS ALL INDIA RECORD FOR COAL DISCHARGING
COALspot.com - "Krishnapatnam Port has set an all India record for discharging 71,587 tons of steam coal in just 24 hrs using the conventional ...


   1066 1067 1068 1069 1070   
Showing 5336 to 5340 news of total 6871
News by Category
Popular News
 
Total Members : 28,632
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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