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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.
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Monday, 12 March 12
DRY BULK RATES WILL REMAIN LOW IN 2012 SAYS DANISH SHIP FINANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its annual shipping survey Danish Ship Finance said that the current outlook for the Dry Bulk market seems unlikely to foster higher rates in any ...
Monday, 12 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first days of March appear to be more encouraging for dry bulk operators, but the outlook is still gloomy for the rest of year with earnings for ...
Sunday, 11 March 12
FREIGHT RATES FOR INDONESIA TO INDIA WILL CONTINUE TO REMAIN FIRM- VISTAAR
COALspot.com - This week saw another upward trend with all indices up except for the Cape index.
The BDI was up by 6.87 pct closing at 824 points ...
Friday, 09 March 12
MINING IN INDONESIA: RESTRICTION ON FOREIGN INVESTMENT - SUNIL K KUMBHAT
COALspot.com - Recently Govt has passed regulation instructing foreign mining companies to reduce their ownership stake.
The regulation known as ...
Friday, 09 March 12
SHIP OWNERS LOOKING TO CHINA FOR REVIVAL, WHILE THEY KEEP SELLING OLD SHIPS FOR SCRAP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With China’s economic policy plan for the future on every ship owner’s mind, at least those involved in the dry bulk industry, the lates ...
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Showing 4811 to 4815 news of total 6871 |
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- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Economic Council, Georgia
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
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