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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 $7 per ton to BUMI.
The company’s coal Production capability is now 100 million tons in 2015.
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Thursday, 05 February 15
ULTRAMAX LEVELS FROM INDIA TO CHINA IN THE MID US$ 5000'S - FEARNLEYS AS
Handy
Despite the overall weak sentiment, there is a scent of optimism in the Atlantic market for ppt dates. Continent is still struggling with o ...
Wednesday, 04 February 15
MARKET INSIGHT - LINOS KOGEVINAS
It has been just about over 2 months since, in a move that surprised many and caused widespread apprehension, OPEC decided to maintain its producti ...
Tuesday, 03 February 15
Q1'15 FOB INDONESIA COAL SWAP CLOSED $ 3.29 HIGHER COMPARED TO Q4'15 DELIVERY PRICE
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 rose week over week and month on month.
The Q1 swap up US$ 0.68 (+1.41%) month o ...
Tuesday, 03 February 15
FOB NEWCASTLE COAL SWAP FOR Q4 DELIVERY CLOSED 5.86% LOWER THAN Q1 PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery rose US$ 0.26 per MT (+0.51%) week over week and declined US$ 0.02 (-0.04%) ...
Monday, 02 February 15
API 4 FOB RICHARDS BAY COAL SWAP ROSE WEEK OVER WEEK
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q1' 2015 declined month over month and day on day.
The Q1 swap has decli ...
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- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
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