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

Sunday, 20 March 11
FREIGHT MARKETS COULD SOFTEN NEXT WEEK DUE TO JAPANESE PORTS CLOSURE AND LIBYAN CRISIS - VISTAAR
COALspot.com - The BDI was down by 1.98 pct (closing at 1531 points) mainly due to Cape index which was down by almost 11 pct and closed 1687 points ...


Friday, 18 March 11
FALL IN INDONESIAN COAL EXPORTS IN FEBRUARY 11
COALspot.com -  Indonesian coal exports seen a fall of 10.76% during Feb 2011. The world’s largest coal exporter shipped 22.029 MMts of c ...


Thursday, 17 March 11
THE PACIFIC HANDY MARKET IS CURRENTLY STEADY - FEARNBULK
Handy The Atlantic market is showing signs of recovery and does not seem to be affected by the Japan disaster. The market is very positional and i ...


Tuesday, 15 March 11
COAL PRODUCTION FORECAST TO SURGE ON RISING PRICES - THE JAKARTA GLOBE
The Jakarta Globe  reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to ...


Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community. The iron ore spot market is growing at a ...


   1067 1068 1069 1070 1071   
Showing 5341 to 5345 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 ...

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