We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 21 February 17
CHINESE EXPORTS SHOWED A YEAR-ON-YEAR RISE FOR THE FIRST TIME IN TEN MONTHS; S. KOREA'S EXPORTS UP FOR PAST THREE MONTHS IN A ROW - GEORGE LAZARIDIS
We have started to some sparks of life in the commodities markets these past weeks, with prices having shown a strong push during the past couple o ...
Tuesday, 21 February 17
CHINA SUSPENDS COAL IMPORTS FROM NORTH KOREA FROM 19 FEB
COALspot.com: China is suspended coal imports from North Korea until December 2017. China says it will suspend all imports of coal from North Korea ...
Monday, 20 February 17
OCEAN FREIGHT RATES SLIGHTLY UP WEEK OVER WEEK
COALspot.com: The Freight market was firmed up this past week. The Panamax segment was declined for the week ending 17 February 2017.
The Balt ...
Friday, 17 February 17
U.S. COAL PRODUCTION SLIPS SLIGHTLY WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million sh ...
Thursday, 16 February 17
CAPE MARKET HAVE EXPERIENCED A STRONG DOWNTURN - FEARNLEYS
Supramax
Market has shifted sides from Atlantic to Pacific, where Atlantic is now lagging behind with little action and sliding indices, notably ...
|
|
|
Showing 2121 to 2125 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- The University of Queensland
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
|
| |
| |
|
