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Monday, 28 March 11
HARUM ENERGY FY10 EARNING UP 7.23% - INSIDER STORIES
Thermal coal producer PT Harum Energy Tbk (HRUM), controlled by Indonesian businessman Kiki Barki through his son Lawrence Barki, posted a slight increase in net income of 7.23% last year as it obtained contributions of net income from two associated companies. as qouted by Insider Stories.
Insider strories further reported, at the operational line, Harum Energy didn't show any shinny performance. Income from operations slightly decreased 6.56%, while revenue retreated 2.39%.
In the financial statement submitted to Indonesia Stock Exchange last week, Harum posted Rp822.94 billion net income last year from Rp767.47 billion in 2009.
Of the earning, the company recorded Rp131.91 billion net income from two associated companies namely coal miner PT Santan Batubara and PT Lotus Coalindo Marine.
Income from operations fell 6.56% to Rp1.14 trillion from Rp1.22 trillion, sending its operating margin lowered to 25.39% from 26.52%. Harum Energy's gross profit was also in a slight decline to Rp1.58 trillion from Rp1.66 trillion. Revenue recorded Rp4.49 trillion, a slight decrease of 2.39% from Rp4.60 trillion.
Associated companies
Harum Energy booked Rp131.91 billion net income contributions from Santan Batubara, with 50% shareholding, and Lotus Coalindo. PT Petrosea Tbk (PTRO), wholly owned subsidiary of PT Indika Energy Tbk (INDY) owns 50% shareholding in Santan Batubara.
Santan batubara contributed Rp125.41 billion net income to both Harum Energy and Petrosea, while Lotus Coalindo contributed Rp6.49 billion net income to Harum Energy.
PT Karunia Bara Perkasa controls 79.72% shareholding in Harum Energy and PT Bara Sejahtera Abadi owns 0.09% shareholding in Harum Energy. Kiki Barki and his son Lawrence Barki are controlling shareholders in Karunia Perkasa and Bara Abadi.
Source: Insider Stories
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Wednesday, 06 April 11
FORBES & MANHATTAN COAL ANNOUNCES SIGNIFICANT OFF TAKE AGREEMENT
Steady Cash Flow Will Fund Production Ramp Up
Forbes & Manhattan Coal Corp., ("Forbes Coal" or the "Company") is a produc ...
Tuesday, 05 April 11
DRY BULK MARKET DOWN ON FIRST DAY OF SECOND QUARTER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market began the second quarter on a downward pattern, with the industry’s benchmark, the Baltic Dry Index (BDI) shedding 1.45 pe ...
Monday, 04 April 11
INDONESIA INTERNATIONAL CONFERENCE FOCUS ON INDONESIA'S ECONOMY (IICFIE) 2011 MASTER PLAN TO ACCELERATE THE ECONOMIC DEVELOPMENT
Press Release - Since couple of years, Indonesia's economy show impressive growth. What is the Indonesia's Economic Corridor and the Master plan t ...
Saturday, 02 April 11
TNPL CALLS FOR 160KT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure another 160,000 MT +/- 5 percent of Non-Coking imported C ...
Saturday, 02 April 11
THE FREIGHT MARKETS LIKELY TO BE SOFT NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week affecting all sectors with BDI down by 65 points (down by 4.10 pct) and closed at 1,520 points. ...
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- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- VISA Power Limited - India
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- White Energy Company Limited
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
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