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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, 27 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The pessimism in the dry market persists with the Baltic Dry Index still trying to find a steady pace of growth and average time charter earnings fo ...
Sunday, 26 February 12
THE FREIGHT RATES FOR INDONESIA TO INDIA IS LIKELY TO BE FIRM FOR NEXT 2/3 WEEKS - VISTAAR
COALspot.com – “There was not much change in the BDI and other indices this week except for the Panamax which was down by 11.91 pc ...
Friday, 24 February 12
DRY BULK MARKET POSTS FIRST REBOUND IN A WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was expected since mid-week, the dry bulk market's benchmark, the BDI (Baltic Dry Index) has managed to put a stop in a 6-day losing rally, endi ...
Thursday, 23 February 12
2.5 PANAMAX VESSELS PER AVAILABLE CARGO FOR MARCH DATES - FEARN BULK
Handy
Another depressing week for Supras in both basins. Lack of fresh business and over-supply of tonnage in the Atlantic pushed rates south. Cont ...
Wednesday, 22 February 12
RAW COMMODITY EXPORT BAN SPARKS SMELTER BUILDING BOOM IN INDONESIA ANTARA / THE JAKARTA GLOBE
Antara / The Jakarta Globe reported that, as the government gears up to ban all exports of unprocessed commodities, Indonesia will see 12 new ...
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- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Australian Coal Association
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
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