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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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Friday, 29 April 16
U.S. COAL IMPORTS IN Q4' 15 DECLINED TO 2.7 MMST FROM 3 MMST IN Q3' 15
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.3 million short tons (mm ...
Thursday, 28 April 16
PRICES OF POWER-STATION COAL IN INDONESIA IS INCREASING
COALspot.com: Inquiries for Indonesian 4200 - 4400 Kcal/kg GAR thermal coal cargoes from India suddenly increase recent days.
A Jakarta-based ...
Thursday, 28 April 16
KOMIPO TO IMPORT 710K MT OF BITUMINOUS COAL DURING JULY - SEPTEMBER 2016
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 710,000 Metric Tons of Bituminous Coal for its B ...
Thursday, 28 April 16
CAPE: BIT MORE OPTIMISM IN THE MARKET; SUPRAMAX: FORWARD CURVE IS FALLING - FEARNLEYS
Cape
A bit of a slower week. Activity level has dropped, though the rates do still remain firm, says Fearnleys in its latest weekly report.
...
Wednesday, 27 April 16
THE OCEAN SHIPPING EXPERIENCED DRAMATIC VOLATILITY IN THE BEGINNING OF 2016 - PANOS TSILINGIRIS
Shipping’s new (ab)normal
The global economy and ocean shipping experienced dramatic volatility in the beginning of 2016 and as the glob ...
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- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
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