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Posted: Sat 6:01, 19 Oct 2013 Post subject: abercrombie Price Inflation Makes Coal Miners Feve |
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Indonesian coal-mining giants PT Adaro Energy (ADRO) and PT Berau Coal Energy (BRAU) saw their net profits more than doubled last year on the back of [url=http://www.mxitcms.com/abercrombie/]abercrombie[/url] higher selling prices.The nations largest coal miner, PT Bumi Resources (BUMI), however, recorded a net loss last year despite growing revenues from sales benefiting from the surge in selling prices due to soaring costs.Indonesia, the worlds largest exporter for thermal coal that ships to big emerging markets like China and India, has been reaping the benefits from the coal prices boom. Coal stocks have also become among the most heavily-traded [url=http://www.jeremyparendt.com/Barbour-Paris.php]barbour pas cher soldes[/url] in the stock exchange, a bourse executive said.Adaro, the nations second-largest coal miner, booked a US$552 million net profit in 2011, 123.7 percent higher than the $247 million recorded the previous year, the company said in a statement on Wednesday.Net income benefited from strong production-volume growth, robust average selling price and continued cost control, Adaro said in a press statement.Adaros production and [url=http://www.shewyne.com/woolrichoutlet.html]woolrich outlet[/url] sales volumes rose 13 and 15.8 percent respectively, to 47.67 and 50.78 million tons. That, coupled with a 27.6 percent increase in the average selling price, boosted net revenues by 46.7 percent to $3.99 billion.Cost of revenue grew 35.5 percent to $2.6 billion, a moderate increase compared to Adaros [url=http://www.jeremyparendt.com/Hollister-b5.php]hollister[/url] faster revenue growth. The combination of normal weather, arrivals of new and larger-sized heavy [url=http://www.sandvikfw.net/shopuk.php]hollister outlet sale[/url] equipment and our contractors high-quality performance enabled us to achieve the higher end of our production target.Adaro is looking to [url=http://www.shewyne.com/woolrichoutlet.html]woolrich sito ufficiale[/url] grow its production volume from 4.89 to 11.81 percent this year, to between 50 and 53 million tons, to maintain earnings before interest, taxes, depreciation and amortization (EBITDA) a measure of profitability at $1.2 billion to $1.5 billion.Berau, which is affiliated with the Bakrie [url=http://www.mnfruit.com/airjordan.php]jordan[/url] Group conglomerate, also saw [url=http://www.osterblade.com]moncler outlet[/url] a surge in revenues derived from sales, with an increase of 57.06 percent to $1.66 billion. Despite high levels of rainfall, Berau mined 19.4 million tones of coal, a 12 percent increase over 2010, said Bumi Plc., which owns a 85 percent stake in Berau, in a statement submitted to the London Stock Exchange. Sales rose 16.96 percent to 20 million tons, and a 30.58 percent rise in selling price to $38 per ton, boosted Beraus bottom line.With costs of goods sold (COGS) growth slower at 45.84 percent, amounting to $1 billion, and other expenses remaining manageable, Beraus profits jumped 133.57 percent to $160.82 million.Shares in Adaro and Berau soared following the earnings announcement. Beraus stock surged 7.84 percent [url=http://www.fayatindia.com/giuseppe-zanotti.html]giuseppe zanotti pas cher[/url] to Rp 550 a piece, the highest level in seven months. Adaro gained 2.2 percent to Rp 1,930 per share.Bumi Resources, however, posted a net after-tax loss of $119 million in the 10 months ending Dec. 31. Despite a 32 percent increase in the selling price to $93.3 per ton, its soaring operating costs ate into the companys profit potentials.Higher [url=http://www.shewyne.com/hoganoutlet.html]hogan outlet[/url] fuel and contractor costs, along with an increase in the stripping ratio, were the principal reasons for the increase in production [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] costs, Bumi Plc., which owns a 29 percent stake in Bumi Resources, said [url=http://www.lcdmo.com/hollister.php]hollister pas cher[/url] in a statement. As the professional manufacturer of complete sets of mining machinery, such as Cement plant,Cement mill price,Jaw breaker, Henan Hongxing is always doing the best in products and service.Cone crusher supplier: China mobile crusher:
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