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Wednesday, 27 April 16
INDONESIAN COAL MINER KIDECO REPORTED NET PROFIT OF US$138.1 MILLION IN 2015
 COALspot.com: Kideco Jaya Agung, one of the Indonesia's leading coal miners has reported net profit of US$138.1 million on revenue of US$1.65 billion in FY15. However, the 2015 net profit declined 10.5 percent compared to US$154.4 million reported in 2014. Low coal prices push down Kideco's net profit in 2015. Kideco Jaya Agung partly owned by PT Indika Energy Tbk, one of the Indonesia’s leading listed integrated energy company.
Kideco Jaya Agung, established in 1982, and produces a range of sub-bituminous coal containing low levels of sulfur, ash and nitrogen, making it environmentally friendly for use in coal-fired power plants.
According to audited consolidated financial statements for the full year period ended 31 December, 2015 of PT Indika Energy, the Kideco’s revenues declined 19.5 percent to US$ 1.65billion in FY15 from US$ 2.05 billion in FY14. The average selling price of Kideco coal was declined 16.2 percent to US$ 42.9 a ton in 2015 from US$ 51.3 a ton in 2014. The sales volumes of the miner also declined 3.9 percent to 38.6 Mt in 2015 from 40.2 Mt in 2014.
The miner's cash cost including royalty in 2015 has improved from US$ 42.1 a ton to US$ 34.6 a ton, mainly as a result of lower fuel costs and operational efficiencies, the company's 2015 financial statement says.
PT Indika Energy, Indonesia’s one of the leading integrated energy company's revenues in 2015 declined 1.1 percent to US$ 1.09 billion from US$ 1.10 billion reported in FY14 due to mainly to lower revenue contribution from Petrosea and MBSS.
According to Indika's FY15 audited consolidated financial statements, the Indika's revenues from coal trading grew 84.1 percent to US$ 263.4 million in 2015 from US$ 143.0 million in FY14. Traded coal volume was also rose by 4.6 million tons in 2015 to 8.2 Mt from 3.6 Mt in FY14. However, realized average selling price was declined to US$ 32.2 a ton in 2015 from US$ 38 per ton in 2014.
Indika's MBSS’ revenues decreased 33.1% to US$89.8 million in FY15 from US$134.1 million in FY14.
MBSS is a fully integrated transportation and logistics services company for the mining and natural resources industry providing one stop solution from material handling to transportation and trans-shipment of the bulk materials using its barging and floating crane fleet.
Coal volumes transported by MBSS has declined 28.5 percent to 22.2 mt and transhipment volumes declined 26.8 percent to 15.8 mt in 2015. According to the parent company's financial statement, the trans-shipment freight was stable in 2015 while inter-island barging freights remained soft.
The world coal price collapsed almost affected all the industry connected to coal mines around the world including Indonesia.
Petrosea’s revenues declined 40.5 percent to US$ 206.8 million in FY15 from US$ 347.9 million in FY14. Overburden removal volume declined 45.6 percent YoY and contract mining revenue declined 50.8 percent YoY (US$294.2 million to US$144.7 million).
ABOUT PT INDIKA ENERGY TBK.
PT Indika Energy Tbk. (”Indika Energy”) is Indonesia’s leading integrated energy company through its strategic investments in the areas of Energy Resources – coal production (PT Kideco Jaya Agung, PT Santan Batubara, PT Multi Tambangjaya Utama, PT Mitra Energi Agung), Energy Services – EPC - oil & gas (PT Tripatra Engineers & Constructors, PT Tripatra Engineering); EPC – contract mining (PT Petrosea Tbk.), and Energy Infrastructure – marine transportation, ports & logistics for bulk goods and natural resources (PT Mitrabahtera Segara Sejati Tbk., PT Sea Bridge Shipping, PT Cotrans Asia, PT Indika Logistic & Support Services, PT Kuala Pelabuhan Indonesia); coal-fired power plant (PT Cirebon Electric Power).
Source: Audited consolidated financial statements for the full year period ended December 31, 2015 of PT Indika Energy Tbk
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Wednesday, 11 May 16
MARKET INSIGHT - KATERINA RESTIS
On Saturday 7th May, Riyadh replaced the long-serving oil minister of more than two decades, Ali-Al-Naimi, as part of a major government overhaul, ...
Tuesday, 10 May 16
VOLATILITY? VARIATION NO ENIGMA TO SHIPPING..... - CLARKSONS
Along with cyclicality, the other characteristic of the shipping markets which receives frequent mention is volatility. This is so evident that the ...
Monday, 09 May 16
INDONESIAN CS COAL INDICES UP CONTINUES; POSITIVE DIRECTION
COALspot.com: Average 5000 GAR coal index of Indonesian origin up 0.10 percent week over week to averaging $38.82 per ton on this past Wednesday, a ...
Monday, 09 May 16
DRY BULK SHIPPING TO WITNESS STEADY PROGRESS MOVING FORWARD ON THE BACK OF GROWING TRADE VOLUMES - BIMCO
In its latest short-term analysis of the shipping markets, BIMCO reiterated its optimism on the prospects of the dry bulk market moving forward. Ac ...
Monday, 09 May 16
BALTIC DRY INDEX ENDS WEEK ON A NEGATIVE NOTE
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this week.
The freight market was weak and a ...
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- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Coalindo Energy - Indonesia
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- IEA Clean Coal Centre - UK
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- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
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- Energy Development Corp, Philippines
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Mercuria Energy - Indonesia
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- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
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- Wood Mackenzie - Singapore
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- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
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- Aditya Birla Group - India
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
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- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
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- Sakthi Sugars Limited - India
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- Africa Commodities Group - South Africa
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- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
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- Thai Mozambique Logistica
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- Parry Sugars Refinery, India
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- Jindal Steel & Power Ltd - India
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- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
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- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
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- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Australian Coal Association
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- MS Steel International - UAE
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
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- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
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- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
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- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
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