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