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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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Thursday, 16 February 17
IF I PLAN TO UNDERTAKE A CHARTERPARTY WITH AN UNFAMILIAR ENTITY, WHAT STEPS CAN I TAKE TO ENSURE THE CHARTERER WILL PAY THEIR HIRE? - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE
Due to the difficult conditions currently existing in the shipping market, particularly in the offshore sector, Members a ...
Wednesday, 15 February 17
SHIPPING MARKET INSIGHT - INTERMODAL
Looking at the state of the Dry Bulk market exactly a year ago, there is no doubt that there is a significant improvement and despite the fact that ...
Tuesday, 14 February 17
OPTIMISM HAS STARTED TO SLOWLY FLOW BACK INTO THE DRY BULK MARKET - GEORGE LAZARIDIS
Optimism has started to slowly flow back into the dry bulk market, with many in the market showing renewed optimism as the Pacific basin starts to ...
Monday, 13 February 17
THE FREIGHT MARKET CONTINUED TO TUMBLE IN FEBRUARY
COALspot.com: The Freight market was continued its downfall in all segments except Panamax for the week ending 10 February 2017.
The Balt ...
Friday, 10 February 17
U.S. COAL OUTPUT IS ESTIMATED TO HAVE DECLINED BY 158 MMST IN 2016 TO 739 MMST, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tons ...
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- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
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