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Monday, 13 February 17
COMBINED COAL SALES OF BUMI RESOURCES ROSE TO 87.7 MILLION TONS IN FY'16; UP 10.6 PERCENT Y/Y
 COALspot.com: Combined Coal Sales of Bumi Resources rose to 87.7 million tons in FY’16 compared with 79.3 million tons in FY’15. According to Bumi’s corporate Information released on 8 February 2017, Bumi’s combined coal sales rose by 10.6% year on year.
Arutmin Indonesia one of the Bumi’s coal mines, has sold 28.6 million tons of coal in 2016, up 15.3%. Arutmin has sold 24.8 million tons in FY’15. KPC, likewise, increased sales by 8.4% to 59.1 million tons in FY’16 compared with 54.6 million tons in FY’15.
Quarter On Quarter
According to Bumi’ press release, the combined Coal Sales increased by 10.2% to 23.1 million tons in Q4’16 compared with 20.9 million tons in Q4’15. Arutmin Sales increased by 35.5% to 8.4 million tons in Q4’16 compared with 6.2 million tons in Q4.15. KPC Sales were steady at 14.7 million tons in Q4’16.
Coal Output
The Company increased coal output by 6.5% to 86.5 million tons in FY’16 compared with 81.2 million tons in FY’15.
Quarter On Quarter
The Company’s coal output for Q4’16 has increased 12.3% to 23.8 million tons compared with 21.2 million tons for the same period in 2015.
Arutmin, one of the coal mines of BUMI has increased coal output by 37.2% to 9.0 million tons in Q4’16 compared with 6.5 million tons in Q4’15. KPC, another coal miner under BUMI has increased Coal output by 1.2% to 14.9 million tons in Q4’16 compared with 14.7 million tons in Q4’15.
Average Fob Selling Price
According to Bumi’s press note, the average selling price (ASP) of coal in FY’16 was $42.1/ton compared with $44.8/ton in FY’15 or declined by 6.0% - due to market conditions and execution of previous contracts. However, Q4’16’ ASP shows an upward trend to $47.7/ton compared to $42.1/ton in Q4’15 and $40.5/ton in Q3’16.
Production Cash Cost / Ton Coal Mined
The company says the average production cash cost has sharply reduced to $27.0/ton Coal Mined in FY’16 (compared with $34.6/ton in 2014 and $30.2/ton in 2015) – or by $7.6/ton Coal Mined since Dec’14 – a significant reduction – due to
a) Fuel and spare procurement efficiencies
b) Lower mining operating costs
c) Higher production rate at an Arutmin mine
Outlook Full Year 2017
The company further says, the outlook for coal price in 2017 is optimistic and benchmark Coal Price presently is around $80/ton.
The Company expects to exceed production between 5% - 7% and its Average Selling Price at least 30% above FY’16 levels.
60% of Sales Volume is already committed and this is expected to rise to 75% at end of Q1’17 with finalization of annual contracts with Japan.
Prospects Bright – 2017
FY’17 Net Income prospects are bright. Sales are expected to be 5% - 7% higher than FY’16 Coal Price higher by at least 30% vs. FY’16 Increasing efficiencies and economies of scale, the company concluded in its latest press note.
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Friday, 24 February 17
RUSSIAN OIL AND GAS WITHSTANDS OIL PRICE SHOCK - FITCH RATINGS
Fitch Ratings says in a new report that the Russian oil and gas sector has withstood the oil price stock of 1H16. Key events of 2016 include record ...
Friday, 24 February 17
US WEEKLY COAL OUTPUT ESTIMATED AT 16.8 MMST - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.8 million short ton ...
Thursday, 23 February 17
ULTRA SUPRAMAX: INDONESIA TO INDIA IS GETTING AROUND $10-11K BASIS SINGAPORE DELIVERY
Supramax
The week started off quietly in the Atlantic with more activity in the Pacific basin.
According to Fearnleys weekly report, frontha ...
Wednesday, 22 February 17
TANKER MARKET INSIGHT - KATERINA RESTIS
In 2016 a session of the IMO committee in London, set the new prerequisites effective from January 2020, which will necessitate global Sulphur cont ...
Tuesday, 21 February 17
INDIA'S JANUARY COAL IMPORTS DECLINE 21.7 PERCENT YEAR -ON-YEAR TO 14.31 MT - PTI
Coal imports declined by 21.7 per cent to 14.31 million tonnes in January as the power utilities did not lift much fuel due to abundant stock avail ...
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- GMR Energy Limited - India
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Thai Mozambique Logistica
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
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- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Anglo American - United Kingdom
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