COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target. According to Irwan Budiarto analyst at Bahana Securities, US ...


Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts. The API 5 index represents 5,50 ...


Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points. The Cape index also was down by 5.78 pct closing a ...


Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...


Friday, 08 June 12
MINISTER DENIES COAL EXPORT TAX PLAN, ENDORSES RESTRICTIONS - THE JAKARTA POST
The Jakarta post, one of the leading english news paper in Indonesia reported that, Energy and Mineral Resources Minister Jero Wacik has denied that ...


   938 939 940 941 942   
Showing 4696 to 4700 news of total 6871
News by Category
Popular News
 
Total Members : 28,617
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • IOL Indonesia
  • Xindia Steels Limited - India
  • Attock Cement Pakistan Limited
  • Sucofindo - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Sical Logistics Limited - India
  • Romanian Commodities Exchange
  • MEC Coal - Indonesia
  • GNFC Limited - India
  • bp singapore
  • PLN Batubara - Indonesia
  • IMC Shipping - Singapore
  • Aboitiz Power Corporation - Philippines
  • Global Business Power Corporation, Philippines
  • Tata Power - India
  • Savvy Resources Ltd - HongKong
  • Parry Sugars Refinery, India
  • Directorate Of Revenue Intelligence - India
  • Australian Commodity Traders Exchange
  • SMC Global Power, Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • Aditya Birla Group - India
  • Price Waterhouse Coopers - Russia
  • Asian Development Bank
  • Vitol - Bahrain
  • ANZ Bank - Australia
  • NTPC Limited - India
  • Coalindo Energy - Indonesia
  • Africa Commodities Group - South Africa
  • Adaro Indonesia
  • Platts
  • Mintek Dendrill Indonesia
  • Power Finance Corporation Ltd., India
  • PNOC Exploration Corporation - Philippines
  • UBS Singapore
  • Noble Europe Ltd - UK
  • Enel Italy
  • KOWEPO - South Korea
  • Bharathi Cement Corporation - India
  • South Luzon Thermal Energy Corporation
  • VISA Power Limited - India
  • Siam City Cement - Thailand
  • Wood Mackenzie - Singapore
  • Gujarat Electricity Regulatory Commission - India
  • Rio Tinto Coal - Australia
  • Glencore India Pvt. Ltd
  • Karbindo Abesyapradhi - Indoneisa
  • Central Java Power - Indonesia
  • Adani Power Ltd - India
  • Manunggal Multi Energi - Indonesia
  • Xstrata Coal
  • Samsung - South Korea
  • OCBC - Singapore
  • CESC Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • PetroVietnam
  • DBS Bank - Singapore
  • Samtan Co., Ltd - South Korea
  • globalCOAL - UK
  • Platou - Singapore
  • Permata Bank - Indonesia
  • JPower - Japan
  • Edison Trading Spa - Italy
  • EIA - United States
  • Gresik Semen - Indonesia
  • Kobexindo Tractors - Indoneisa
  • European Bulk Services B.V. - Netherlands
  • Indian School of Mines
  • Sojitz Corporation - Japan
  • Peabody Energy - USA
  • GHCL Limited - India
  • Panama Canal Authority
  • Bahari Cakrawala Sebuku - Indonesia
  • RBS Sempra - UK
  • Georgia Ports Authority, United States
  • IEA Clean Coal Centre - UK
  • Rudhra Energy - India
  • World Coal - UK
  • Videocon Industries ltd - India
  • Ministry of Finance - Indonesia
  • Britmindo - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • U S Energy Resources
  • Iligan Light & Power Inc, Philippines
  • Ind-Barath Power Infra Limited - India
  • McKinsey & Co - India
  • Agrawal Coal Company - India
  • TNPL - India
  • Energy Development Corp, Philippines
  • Parliament of New Zealand
  • SN Aboitiz Power Inc, Philippines
  • Total Coal South Africa
  • Ernst & Young Pvt. Ltd.
  • Orica Australia Pty. Ltd.
  • Larsen & Toubro Limited - India
  • WorleyParsons
  • Deloitte Consulting - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Electricity Authority, New Zealand
  • TeaM Sual Corporation - Philippines
  • Arch Coal - USA
  • Indorama - Singapore
  • Global Green Power PLC Corporation, Philippines
  • Singapore Mercantile Exchange
  • The State Trading Corporation of India Ltd
  • Global Coal Blending Company Limited - Australia
  • Coal Orbis AG
  • Kumho Petrochemical, South Korea
  • Chettinad Cement Corporation Ltd - India
  • Bhushan Steel Limited - India
  • MS Steel International - UAE
  • Interocean Group of Companies - India
  • Economic Council, Georgia
  • Sindya Power Generating Company Private Ltd
  • Credit Suisse - India
  • Goldman Sachs - Singapore
  • TNB Fuel Sdn Bhd - Malaysia
  • Therma Luzon, Inc, Philippines
  • Coaltrans Conferences
  • Coal India Limited
  • Bank of America
  • Bank of China, Malaysia
  • Medco Energi Mining Internasional
  • Indogreen Group - Indonesia
  • Qatrana Cement - Jordan
  • Jatenergy - Australia
  • Cosco
  • Thomson Reuters GRC
  • J M Baxi & Co - India
  • Kalimantan Lumbung Energi - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Pendopo Energi Batubara - Indonesia
  • SASOL - South Africa
  • Sarangani Energy Corporation, Philippines
  • HSBC - Hong Kong
  • KPCL - India
  • IBC Asia (S) Pte Ltd
  • KEPCO - South Korea
  • India Bulls Power Limited - India
  • Maharashtra Electricity Regulatory Commission - India
  • ICICI Bank Limited - India
  • SGS (Thailand) Limited
  • Vale Mozambique
  • Makarim & Taira - Indonesia
  • Heidelberg Cement - Germany
  • Kobe Steel Ltd - Japan
  • Renaissance Capital - South Africa
  • Semirara Mining Corp, Philippines
  • Ministry of Mines - Canada
  • Oldendorff Carriers - Singapore
  • Baramulti Group, Indonesia
  • Independent Power Producers Association of India
  • Merrill Lynch Commodities Europe
  • Kepco SPC Power Corporation, Philippines
  • Mitsui
  • GB Group - China
  • Anglo American - United Kingdom
  • CNBM International Corporation - China
  • Core Mineral Indonesia
  • NALCO India
  • Holcim Trading Pte Ltd - Singapore
  • Arutmin Indonesia
  • Marubeni Corporation - India
  • Cargill India Pvt Ltd
  • Freeport Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Riau Bara Harum - Indonesia
  • Lanco Infratech Ltd - India
  • Madhucon Powers Ltd - India
  • Thermax Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • The Treasury - Australian Government
  • London Commodity Brokers - England
  • Indika Energy - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Coeclerici Indonesia
  • Bangladesh Power Developement Board
  • Humpuss - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Dalmia Cement Bharat India
  • Cemex - Philippines
  • CCIC - Indonesia
  • Binh Thuan Hamico - Vietnam
  • San Jose City I Power Corp, Philippines
  • Mechel - Russia
  • Mercuria Energy - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Shenhua Group - China
  • Reliance Power - India
  • Russian Coal LLC
  • Argus Media - Singapore
  • Coal and Oil Company - UAE
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Pinang Coal Indonesia
  • ASAPP Information Group - India
  • Trasteel International SA, Italy
  • EMO - The Netherlands
  • Thriveni
  • KPMG - USA
  • Antam Resourcindo - Indonesia
  • Thailand Anthracite
  • Clarksons - UK
  • Grasim Industreis Ltd - India
  • Rashtriya Ispat Nigam Limited - India
  • Tamil Nadu electricity Board
  • Bhatia International Limited - India
  • Commonwealth Bank - Australia
  • Sinarmas Energy and Mining - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Indian Oil Corporation Limited
  • Orica Mining Services - Indonesia
  • CoalTek, United States
  • Malco - India
  • Ceylon Electricity Board - Sri Lanka
  • SUEK AG - Indonesia
  • Wilmar Investment Holdings
  • Bhoruka Overseas - Indonesia
  • Posco Energy - South Korea
  • Cement Manufacturers Association - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Inspectorate - India
  • Karaikal Port Pvt Ltd - India
  • TRAFIGURA, South Korea
  • ING Bank NV - Singapore
  • Barasentosa Lestari - Indonesia
  • Berau Coal - Indonesia
  • Cardiff University - UK
  • BRS Brokers - Singapore
  • Australian Coal Association
  • Indonesian Coal Mining Association
  • Miang Besar Coal Terminal - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Electricity Generating Authority of Thailand
  • UOB Asia (HK) Ltd
  • Krishnapatnam Port Company Ltd. - India
  • Mitra SK Pvt Ltd - India
  • Thiess Contractors Indonesia
  • The University of Queensland
  • Asmin Koalindo Tuhup - Indonesia
  • SMG Consultants - Indonesia
  • Asia Cement - Taiwan
  • Gujarat Sidhee Cement - India
  • PowerSource Philippines DevCo
  • Runge Indonesia
  • Lafarge - France
  • Thai Mozambique Logistica
  • OPG Power Generation Pvt Ltd - India
  • Kapuas Tunggal Persada - Indonesia
  • Mitsubishi Corporation
  • Kartika Selabumi Mining - Indonesia
  • Eastern Coal Council - USA
  • Fearnleys - India
  • Mercator Lines Limited - India
  • Tata Chemicals Ltd - India
  • Indian Energy Exchange, India
  • Bayan Resources Tbk. - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Surastha Cement
  • Sree Jayajothi Cements Limited - India
  • Central Electricity Authority - India
  • Cebu Energy, Philippines
  • SRK Consulting
  • Toyota Tsusho Corporation, Japan
  • Latin American Coal - Colombia
  • APGENCO India
  • Chamber of Mines of South Africa
  • BNP Paribas - Singapore
  • Bangkok Bank PCL
  • Simpson Spence & Young - Indonesia
  • PTC India Limited - India
  • Bulk Trading Sa - Switzerland
  • Meenaskhi Energy Private Limited - India
  • Moodys - Singapore
  • Indo Tambangraya Megah - Indonesia
  • JPMorgan - India
  • Indonesia Power. PT
  • Planning Commission, India
  • Borneo Indobara - Indonesia
  • Infraline Energy - India
  • Sakthi Sugars Limited - India
  • Maybank - Singapore
  • Essar Steel Hazira Ltd - India
  • Merrill Lynch Bank
  • CIMB Investment Bank - Malaysia
  • Gupta Coal India Ltd
  • Japan Coal Energy Center
  • Energy Link Ltd, New Zealand
  • AsiaOL BioFuels Corp., Philippines
  • New Zealand Coal & Carbon
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Idemitsu - Japan
  • Star Paper Mills Limited - India
  • Jaiprakash Power Ventures ltd
  • TGV SRAAC LIMITED, India
  • ETA - Dubai
  • Petron Corporation, Philippines
  • Salva Resources Pvt Ltd - India
  • Ministry of Transport, Egypt
  • Banpu Public Company Limited - Thailand
  • Billiton Holdings Pty Ltd - Australia
  • Leighton Contractors Pty Ltd - Australia
  • The India Cements Ltd
  • Shree Cement - India
  • Meralco Power Generation, Philippines
  • Eastern Energy - Thailand
  • Maruti Cements - India
  • Petrosea - Indonesia
  • Metalloyd Limited - United Kingdom
  • Inco-Indonesia
  • Standard Chartered Bank - UAE
  • Port Waratah Coal Services - Australia
  • PLN - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Globalindo Alam Lestari - Indonesia
  • Intertek Mineral Services - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Maersk Broker
  • World Bank
  • Deutsche Bank - India
  • Vizag Seaport Private Limited - India
  • Uttam Galva Steels Limited - India
  • McConnell Dowell - Australia
  • Barclays Capital - USA
  • Neyveli Lignite Corporation Ltd, - India
  • Mjunction Services Limited - India
  • LBH Netherlands Bv - Netherlands
  • GMR Energy Limited - India
  • ACC Limited - India
  • IHS Mccloskey Coal Group - USA
  • Bukit Baiduri Energy - Indonesia
  • Carbofer General Trading SA - India
  • Minerals Council of Australia
  • Jindal Steel & Power Ltd - India
  • Kaltim Prima Coal - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Malabar Cements Ltd - India
  • White Energy Company Limited
  • Ambuja Cements Ltd - India
  • TANGEDCO India
  • Coastal Gujarat Power Limited - India
  • Tanito Harum - Indonesia
  • Altura Mining Limited, Indonesia
  • GVK Power & Infra Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • Ince & co LLP
  • Bukit Asam (Persero) Tbk - Indonesia
  • Formosa Plastics Group - Taiwan
  • Siam City Cement PLC, Thailand
  • Vedanta Resources Plc - India
  • Geoservices-GeoAssay Lab