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