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Monday, 21 July 14
INDONESIA'S STATE CONTROLLED COAL MINER BUKIT ASAM ENJOYED HIGHER SELLING PRICE DURING THIS STORMY MARKET
COALspot.com: PT Bukit Asam, the Indonesian government controlled coal miner announced today that, the company has produced 7.70 million tons of coal in first half this year. The company's first half of this year coal production up by 16% compared to the same period of last year volume of 6.66 million tons.
According to company's unaudited financial statement, PT. Bukit Asam's revenues during January - June 2014 has also increased by 18% to Indonesian Rupiah 6.43 trillion (approximately US$ 551,458,019) compared to same period last year. The company furhter said in its memo that, the increase in revenue was primarily due to an increase in selling prices as well measures taken by company to control its operation as well as production cost.
The average weighted selling price of coal in the period of January to June 2014 rose by 17% to Rp.728,111 (approximately US$ 62.45) per ton compared to Rp. 621,762 (approximately US$ 53.32) per ton for the same period last year. In the meantime, the average weighted export price during first half this year stood at US$ 72 per ton, the company's statement said.
The company's net profit for first half of this year increased by 33% to 1.16 trillion (approximately US$ 99,485,428) compared to 0.87 trillion (approximately US$ 74,614,071) for the same period last year. The company also indicated that, in the period January - June 2014, the GPM (Gross Profit Margin) and NPM (Net Profit Margin) recorded at 33% and 18% respectively.
The strip ratio for this first 6 months was slightly lower than the same period last year. According to company, the level of production was achieved on an average strip ratio of 4.07 compared to 4.21 the same period last year.
Coal hauling through its railway facilities was increased by 14% during January - June 2014 to 7.11 million tons. In the same time the company has hauled only 6.20 million tons for the same period in 2013. The company also hope that, railway performance is expected to increase steadily next quarter, since railway expansion is almost reaching its completion stage.
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Tuesday, 22 July 14
INDONESIA'S MINERAL EXPORT BAN: CHINA UNDER PRESSURE? - CLARKSONS
In January 2014, Indonesia introduced new regulations on exports of unprocessed minerals. Exports of some minerals have been heavily taxed, whilst ...
Tuesday, 22 July 14
ASIAN SUB-BITUMINOUS COAL USERS' GROUP CONFERENCE
Press Release: Registration Open for Fourth Annual Asian Sub-Bituminous Coal Users’ Group Conference
Register today for this year&r ...
Monday, 21 July 14
25% OF INDIA'S POWER PLANTS WERE HAVING SUPER CRITICAL COAL STOCK - COAL AND POWER MINISTER
25% of India’s power plants were having super critical coal stock; power utilities have also been advised to enhance the import of coal - Coa ...
Monday, 21 July 14
CFR SOUTH CHINA COAL Q3 DELIVERY SWAPS LOST 16% SINCE JANUARY 17, 2014
COALspot.com: Coal price falling is continues as the impact oversupply and lower demand. Market is not showing any positive trend in near future.
...
Sunday, 20 July 14
THE FREIGHT MARKET CONTINUED ITS DOWNWARD TREND
COALspot.com: The market continued its downward trend this week as all segments were down compared to last week. The Cape and Panamax indices being ...
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- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
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- Coal and Oil Company - UAE
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- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- MS Steel International - UAE
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- Gujarat Sidhee Cement - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Videocon Industries ltd - India
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- PTC India Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
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- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
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- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
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- Central Electricity Authority - India
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- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
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- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
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- Independent Power Producers Association of India
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- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
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- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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