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Tuesday, 23 August 11
COAL DEMAND IS REMAINED STRONG IN SPITE OF CURRENT GLOBAL ECONOMIC UNCERTAINTY - BUMI
COALspot.com - Indonesia's largest coal producer, PT Bumi Resources, Tbk (BUMI)'s sales revenue has increased to US$1.79 billion (compared with US$1.44 billion yoy), a 42 percent increase in operating income to US$549 million (from US$386 million yoy) and a 9 percent increase in net income to US$ 274 million in the same period last year, according to the press release of the company.
The statement further said that, the first half 2011 net income of US$274 million for 2011 beats analysts consensus reported by Bloomberg and after adjustment to the new Indo GAAP Standards. This augurs very well for FY 2011 as market conditions continue to be robust for coal.
A highest ever realized fob price of US$91/ton (vs US$67/ton last year) was recorded by the company - this has resulted in an exponential increase of ca 50% increase in cash margin (price less production cash cost) which has overcompensated for the rise in input costs, opening out new mines and impact of rain.
"Consistent with our published Q1’11 results in June’11, the improved financial performance of the company proves our seriousness and capability in meeting the international best practices in accounting, governance and operation in line with our new significant shareholder, Bumi, Plc," said BUMI Director for Investor Relations Dileep Srivastava.
Higher global coal price and demand as well as derivative gains have played a major role in boosting BUMI's first half performance. "Coal demand has remained strong in spite of current global economic uncertainty. The company took various derivative instruments when it leveraged to acquire non coal assets in 2009 - these are now showing gains below the operating income line," added Dileep. Dileep also stated that BUMI remains focused on deleveraging the company's balance sheet including divesting BRMS in the 4thQuarter of this year.
"Our focus remains unchanged including divesting non coal assets and deleveraging our balance sheet as announced last year. And we are on the right track," Dileep said.
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Friday, 26 August 11
INTRACO EYES US$200 MIO COAL TAKEOVER - INSIDER STORIES
Heavy equipment distributor PT Intraco Penta Tbk, that was founded by Halex Halim, is scouting a coal acquisition with the valuation above US$200 mi ...
Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing ...
Thursday, 25 August 11
PAITON POWER LOOKING FOR 3.96 MILLION TONS OF COAL
COALspot.com - PT Pembangkit Jawa Bali (PJB) is looking for 3.96 million tons coal with calorific value 4,800 kcal/kg on as received basis. Accordin ...
Tuesday, 23 August 11
ICMA CALLS GOVERNMENT TO REVIEW EXPORT BAN REGULATION
COALspot.com - Chairman of the Indonesian Coal Mining Association (ICMA) Bob Kamandanu asks the government to review the regulation that being draft ...
Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION
COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT M ...
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- Vedanta Resources Plc - India
- MS Steel International - UAE
- India Bulls Power Limited - India
- Sical Logistics Limited - India
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- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
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- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
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