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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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Tuesday, 23 August 11
PENRHYN COAL USING EVERGREEN ENERGYS COAL UPGRADING PROCESS
Evergreen Energy Inc has announced the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy’s coal upgradi ...
Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge ...
Monday, 22 August 11
INDONESIA TO BAN BELOW 5700 KCAL/KG COAL FOR EXPORT
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners ...
Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY
COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s c ...
Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
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- Minerals Council of Australia
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- White Energy Company Limited
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
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