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, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...


Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...


Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...


Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels no ...


Wednesday, 09 March 11
INDONESIA HAS SET THE MARCH 2011 INDONESIAN COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.43 PER TON
COALspot.com -  Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal c ...


   1068 1069 1070 1071 1072   
Showing 5346 to 5350 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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