We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 15 March 12
RAINS AVERAGE SELLING PRICE OF COAL WENT UP BY 22 % IN 2011
 COALspot.com - PT. Resource Alam Indonesia Tbk, an Indonesian CCoW (3rd Generation) holder reported Wednesday a 171 percent increase in net profits to Rp 450.2 billion (US$48.94 million) last year in light of its expansion plans to be among Indonesia’s top coal producers.
According to company's statement posted on its website, both year-on-Year Production and Sales volume increased by 87.7% compared to FY2010. Production went up from 2,248,865 ton last year to 4,222,139 ton in FY2011, whilst sales went up from 2,209,289 ton last year to 4,146,134 ton in FY2011. Both figures also exceeded FY2011 forecast target of 3,550,000 ton and 3,500,000 ton for production and sales respectively.
Resource Alam focuses on the production and sales of thermal coal through its wholly owned subsidiary PT. Insani Bara Perkasa (“IBP”). IBP holds and operates a 24,477 hectare, 3rd Generation Coal Contract of Work (CCOW) concession in East Kalimantan.
The statement further said, driven by greater Sales Volume and higher Average Selling Price (ASP), Revenue more than doubled by 128.2%, from US$106.2 million last year to US$ 242.5 million in FY 2011. “Royalty” and “Infrastructure Compensation” are reclassified from Operating Expense in FY 2010 to Cost of Goods Sold in FY 2011 to better suit reporting standard.
ASP went up by 22.0% from US$ 48.1/ton last year to US$ 58.5/ton in FY2011. This is largely contributed by improved coal pricing and more favorable contractual terms, with majority of shipments delivered on FOB Vessel basis in FY2011.
Average Production Cost (APC) also went up by 14.0% from US$23.7/ton last year to US$26.9/ton in FY2011, mostly due to higher fuel cost, the company said. Growth in APC is more than compensated by higher growth in ASP as reflected by increasing NPAT margin from 17.1% last year to 21.2% in FY2011. NPAT went up by 182.0% from US$18.2 million last year to U$51.3 million in FY2011.
In October 2011, Resource Alam appointed PT. Britmindo, a mine consulting firm, to conduct its first JORC survey on a 500 hectares area (Zone A) within IBP’s concession. JORC resource report on Zone A was released in January 2012, with reported total coal resource of 56.1 million ton (for that particular area). Reserve report for Zone A is scheduled to be issued by end of March 2012.
Resource Alam appointed Ernst & Young (E&Y) as the Company’s auditor for FY2011.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 27 March 12
DRY BULK MARKET KEEP RISING FOLLOWING THE SAME TREND OF LAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum this week, on the same reasons of those last week. That is, the smaller ship types are still on the ris ...
Monday, 26 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The Baltic Dry Index follows its upward incline for fourth consecutive week by rising to more than 900 points, up by 37% from the bottom low in the ...
Monday, 26 March 12
GOLDEN MINES FY11 REVENUE JUMPS 209% - INSIDER STORIES
Insider Stories reported that, coal miner PT Golden Energy Mines Tbk (GEMS), that is controlled by Sinar Mas Group, recorded a 209% jump in revenue ...
Saturday, 24 March 12
AUSTRALIA'S MINERAL TAX : BENCHMARK FOR OTHER COUNTRIES - SUNIL K KUMBHAT
COALspot.com - Natural resources rich counties like Australia , Indonesia , South Africa , Brazil etc are going through a spectacular resources boom ...
Saturday, 24 March 12
THE AVERAGE CHARTER RATES WAS AT CAPESIZE $ 4,546 PER DAY VS SUPRAMAX / $ 10,819 PER DAY - VISTAAR
COALspot.com - The BDI crossed 900 points this week closing at 908 points up by 3.89 pct. All other sectors were up except for cape index whic ...
|
|
|
Showing 4791 to 4795 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Australian Coal Association
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Planning Commission, India
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- The University of Queensland
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
|
| |
| |
|
