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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, 22 April 16
U.S WEEKLY DOMESTIC COAL OUTPUT UP 8.2 PER CENT - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.1 million short tons (mm ...
Thursday, 21 April 16
PANAMAX: A VERY HEALTHY NORTH ATLANTIC FOR BOTH ROUNDS AND FRONTHAUL
Capesize
Correcting after last week's quadrupling.
This year's highest daily average of USD 8000 came on the back of substantial pro ...
Wednesday, 20 April 16
2017 IS EXPECTED TO BE A MUCH BETTER YEAR FOR THE SHIPPING INDUSTRY - INTERMODAL
Some months ago we noted that all projections anticipated 2016 to be a better year from a macroeconomic point of view when compared to 2015. As we ...
Tuesday, 19 April 16
STARS STILL SHINING? KEY IMPORTERS THROUGH THE TELESCOPE - CLARKSONS
As the pace of growth in Chinese seaborne imports has slowed, and prospects for a return to stronger rates of expansion appear to have diminished, ...
Monday, 18 April 16
INDONESIAN 5000 GAR COAL INDEX DECLINE 1.43 PERCENT WEEK OVER WEEK - CS (I) COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin fell 1.43 percent week over week to averaging $38.65 per ton on this past Friday, ac ...
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- Australian Coal Association
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Mercator Lines Limited - India
- The University of Queensland
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
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