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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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Thursday, 24 February 11
SUPRAS ARE FIXED AT CLOSE TO 10K FOR TRIPS VIA INDONESIA TO INDIA WITH COAL - FEARNBULK
Handy
After a short lived surge in rates the Atlantic market has flattened out due to too many spot vessels. The USGulf has cooled down somewhat f ...
Wednesday, 23 February 11
LIMITED AVAILABILITY OF COAL COULD TRIP MEGA POWER PLANT - THE ECONOMIC TIMES
The Economic Times, an Indian leading news paper reported that, an acute shortage of domestic coal is threatening to destabilize new power generatio ...
Wednesday, 23 February 11
DRY BULK MARKET BACK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The two week rise of dry bulk freight rates seems to have come to a halt this week, with the industry’s benchmark, the Baltic Dry Index (BDI) lo ...
Wednesday, 23 February 11
INDONESIA NEEDS TO REVISE EXPORT BAN ON 5600 GAD COAL EXPORT - INDUSTRY
COALspot.com - The Indonesian government may be forced to revise its 2014 timeline for the proposed ban on all low quality coal exports, Patrick Han ...
Tuesday, 22 February 11
SUPRAMAX MARKET IS IMPROVING IN THE PACIFIC
BRS - A 10% rise in the BDI this week, mostly on the back of Panamax rates and improvements in the Supramax market in the Pacific. For the Capes, ra ...
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- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Bhatia International Limited - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
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