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Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI
COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no plan to review their existing expansion plan for 2013 due to current coal price weakness. According to Dileep Srivastava' company’s corporate secretary’s E-mail note Bumi will stand on their 2013 expansion plan without any change.
"We view present spot weakness as temporary, seasonal and rise as winter approaches", Dileep shows his optimistic on future coal prices.
Bumi is also planning to drop strip ratio to 10:1 this year (vs 11.5:1 last year) to keep their production cost under control. Bumi supplies 20% of its total production to domestic market and remaining 80% for export market.
“Japan, India & China are account for 50% of our exports. Taiwan, Hong Kong, South Korea, Malaysia and Philippines are the rest with some to Europe”, he replied in E-mail.
Due to sudden dropped in coal prices there were number of cancellation or delay in performing coal shipments including re-negotiation on contracted prices from Indonesia. However, Its seems that, BUMI has not affected delays or cancellation. “A shipment delay or two (including local) but no request for re-pricing” Bumi’s note says.
According to Dileep, Bumi’s 67% of year '12 estimated production (of 75 m tons) has been contracted at fixed price. The contracted price was at around +$85/ton FOB. The remaining 15% of quantity has been sold index linked price (GCNEWC index (global Newcastle) for Asia Market) with a fixed premium. (updated on 23/6/2012 - 00:08 SG time)
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Saturday, 07 July 12
EXCESS SUPPLY & WEAK DEMAND KEEP COAL PRICES LOW
COALspot.com - SGX AsiaClear OTC Coal Swaps for August and Q4 deliveries slipped slightly this week. SGX’s Indonesian sub-bituminous coal swap ...
Saturday, 07 July 12
BALTIC INDEX UP ON STRONG CAPE, PANAMAX RATES - VISTAAR
COALspot.com - This week all the segments were firmed up with BDI up by 15.23 pct (up by 153 points) closing at 1,157 points.
The cape index also ...
Saturday, 07 July 12
DRY BULK MARKET NOT ABLE TO FIND SOLID GROUND SAY EXPERTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the second half of each, traditionally looking the most active one, especially in terms of newbuildings being delivered, it's highly unlikely ...
Thursday, 05 July 12
GOVT GETS READY FOR $1.8B SUIT - THE JAKARTA POST
The Jakarta Post, one of the leading Indonesian English new papers reported that, several ministries and the Attorney General’s Office held a ...
Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 p ...
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- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- The University of Queensland
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Australian Coal Association
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
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