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Thursday, 22 January 15
BUMI RESOURCES POSTS NET INCOME OF $13.3 MILLION 9M-2014
 COALspot.com: Bumi Resources, Indonesia’s largest coal miner, reported today that, the company has recorded a net income of $13.3 million for Bumi’s controlling interest for the period Jan-Sep’14 (compared to net loss of $377.5 million for the same period in 2013). According to Bumi, a positive income swing of $390.8 million Y-O-Y.
Company’s sales revenue, according to press release, dropped 17% to $2.19 billion for the period Jan-Sep’14 (from $2.65 billion y-o-y) due to lower coal price and the lower 51% KPC stake effective 1 Jul’14.
Bumi has mined 65.2 m tons (from 60.8 m tons YOY) of coal during first 3 quarters in 2014 (up 7%) and coal sales rose 9% to 64 m tons (from 58.6 m tons YOY) for the same period. According to press release, the company’s production cash cost fell 11% to $34.7 per ton of coal mined in January – September 2014 (compared with $41.9 per ton of coal mined in Jan-Sep’13). However, the average selling price fell 19% to $54 per ton over Jan-Sep’14 (from $66.8 per ton in Jan- Sep’13).
Company also noted that, the company’s gross profit during January – September 2014 declined 25% to $420.2 million (from $557.6 m for the same period last year) again due to lower price, and adjustment for lower KPC stake but partially offset by lower strip ratio and higher sales volume.
According to Bumi, coal prices continue to decline this year and whilst the Company is pursuing cost optimization and efficiency programs, sales are being maximized in parallel. The company also looking for an early solution to company’s debt settlement and restructuring process is being progressed including the Court process in Singapore and US. Objective is to bring down debt to sustainable levels as early as possible.
Bumi is also indicates that, BUMI is ready for the next upturn in the coal market whenever this takes place. According to company, every $10 per ton increase in the coal price fetches an incremental EBITDA of $7 per ton to BUMI.
The company’s coal Production capability is now 100 million tons in 2015.
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Wednesday, 11 March 15
RICHARDS BAY COAL SWAPS DROP $ 3.65 - 4.0/T W-O-W
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month and week on week.
The Q2 swap has fell US$ ...
Wednesday, 11 March 15
DRY BULK MARKET CLOSED OFF ON THE GREEN FOR A SECOND WEEK IN A ROW - INTERMODAL
COALspot.com: The Dry Bulk market closed off on the green for a second week in a row, while the performance of Capesizes hindered a more substantia ...
Wednesday, 11 March 15
MARKET INSIGHT : NEWBUILDINGS - PANOS TSILINGIRIS
From a cost-based, buy-low perspective, there is currently a buying opportunity in the second-hand dry bulk market. I am an anti-cyclical (buy-low) ...
Wednesday, 11 March 15
DRY BULK MARKET: ALL IS NOT LOST FOR A RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The low cost of commodities across the board could trigger an increase of trade among many countries, which in turn could lead to a recovery of the ...
Wednesday, 11 March 15
U.S. ELECTRIC GENERATING COMPANIES TO ADD MORE THAN 20 GW OF GENERATING CAPACITY IN 2015; 16 GW OF GENERATING CAPACITY IS EXPECTED TO RETIRE IN 2015
COALspot.com: In 2015, electric generating companies in U.S. expect to add more than 20 gigawatts (GW) of utility-scale generating capacity to the ...
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- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- White Energy Company Limited
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
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