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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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- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Videocon Industries ltd - India
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- VISA Power Limited - India
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
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