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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 $7 per ton to BUMI.
The company’s coal Production capability is now 100 million tons in 2015.
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Tuesday, 20 January 15
INDONESIAN COAL OUTPUT SEEN RISING, DESPITE FALL IN ITS PRICE
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 declined month on month and week over week, but Indonesian Coal Output Seen Rising. T ...
Tuesday, 20 January 15
NEWCASTLE COAL SWAP FOR Q1' 2015 DELIVERY DECLINED 2.83% M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery declined US$ 1.45 per MT (-2.83%) month over month and US$ 0.50 (-0.99%) we ...
Monday, 19 January 15
HBA FALL TO FRESH LOWS; COAL OVERSUPPLY WILL CONTINUE TO PUSH PRICE DOWN
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down Indonesian coal bench mark price this month to US$ 63.84. T ...
Monday, 19 January 15
CFR SOUTH CHINA COAL SWAPS REMAIN WEAK
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery declined US$ 3.37 (-5.63%) per MT month over month and US$ 0.74 (-1.29%) ...
Monday, 19 January 15
FOB RICHARDS BAY COAL SWAP FOR Q4 DELIVERY CLOSED 4% LOWER THAN Q1 DELIVERY PRICE
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q1' 2015 declined month over month and week over week.
The Q1 swap has f ...
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- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
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- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- VISA Power Limited - India
- Interocean Group of Companies - India
- London Commodity Brokers - England
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