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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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Thursday, 05 July 12
BUMI ACHIEVES HIGHER SELLING PRICE IN FIRST QUARTER
COALspot.com - PT Bumi Resources Tbk (BUMI), Indonesia's largest coal producer and exporter, has successfully maintained a higher sales margin, des ...
Tuesday, 03 July 12
DRY BULK MARKET INCHED FORWARD AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward at the beginning of the new week, prior to the US holidays regarding the celebration of the 4th of July, which is ...
Monday, 02 July 12
ORPHEUS STRENGTHENS REVENUE STREAM WITH NEW ROYALTY AGREEMENT AT THE B2 COAL PROJECT
Orpheus Energy (ASX:OEG) is pleased to advise that it has executed a life of mine Royalty Agreement with Indonesian mining contractor PT Debbia Mini ...
Monday, 02 July 12
DRY BULK DEMAND TO RISE TO 3.6 BILLION TONNES IN 2012, BUT NEW BUILDING DELIVERIES ARE
In its latest analysis on the dry bulk market fundamentals, DVB Bank said that dry bulk cargo demand is forecast to rise to approximately 3.6 billio ...
Sunday, 01 July 12
AUSTRALIAS CARBON TAX - SUNIL K KUMBHAT
COALspot.com - Climate Change
Climate change and global warming have now become buzzwords the world over. The disastrous consequences for global ...
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- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- MS Steel International - UAE
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
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