COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 01 April 11
SUPRAS EX RICHARDS BAY COAL TERMINAL TO INDIA HOVERING AT $ 25 - 27.00 PMT - FEARNBULK
Handy Atlantic markets remain stable with more activity from the Black Sea to FEast paying in the mid 20´s on Supras. The USG remains firm p ...


Friday, 01 April 11
DRY BULK MARKET WEAKENS ON SLOWER DEMAND, HOPES FOR MID-TERM REBOUND ON JAPANS RECONSTRUCTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected in the Baltic Dry Index (BDI) retreated for a third day yesterday, after staying flat on Monday, to end at 1,530 p ...


Wednesday, 30 March 11
CHALLENGER SIGNS OPTION AGREEMENTS TO PURCHASE FOUR COAL PROJECTS IN INDONESIA
Challenger Signs Three Exclusive Option Agreements to Purchase Four Coal Projects in East Kalimantan, Indonesia Challenger Deep Resources Corp.ha ...


Wednesday, 30 March 11
KPCL TO IMPORT ONE MILLION TONS OF 6300 GAD COAL
COALspot.com - Karnataka Power Corporation a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 Kcal/kg ...


Wednesday, 30 March 11
WIKA GRABS PROJECT FROM ADARO INDONESIA - INSIDER STORIES
One of Indonesia's largest thermal coal PT Adaro Indonesia has finally mandated PT Wijaya Karya Tbk (WIKA) as a contractor to install and manage ov ...


   1063 1064 1065 1066 1067   
Showing 5321 to 5325 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • KEPCO - South Korea
  • Mitra SK Pvt Ltd - India
  • Central Java Power - Indonesia
  • Indorama - Singapore
  • Krishnapatnam Port Company Ltd. - India
  • Neyveli Lignite Corporation Ltd, - India
  • Formosa Plastics Group - Taiwan
  • Thomson Reuters GRC
  • Rio Tinto Coal - Australia
  • McConnell Dowell - Australia
  • Interocean Group of Companies - India
  • The State Trading Corporation of India Ltd
  • Tata Chemicals Ltd - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • KPMG - USA
  • Singapore Mercantile Exchange
  • Siam City Cement - Thailand
  • Thiess Contractors Indonesia
  • Straits Asia Resources Limited - Singapore
  • Kaltim Prima Coal - Indonesia
  • Cebu Energy, Philippines
  • Dalmia Cement Bharat India
  • Cement Manufacturers Association - India
  • Petrosea - Indonesia
  • KPCL - India
  • Orica Mining Services - Indonesia
  • Mintek Dendrill Indonesia
  • Vizag Seaport Private Limited - India
  • Posco Energy - South Korea
  • Energy Development Corp, Philippines
  • MEC Coal - Indonesia
  • NALCO India
  • Berau Coal - Indonesia
  • SMC Global Power, Philippines
  • ICICI Bank Limited - India
  • Adani Power Ltd - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Coeclerici Indonesia
  • Australian Coal Association
  • Reliance Power - India
  • Bhatia International Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Coastal Gujarat Power Limited - India
  • Trasteel International SA, Italy
  • LBH Netherlands Bv - Netherlands
  • OPG Power Generation Pvt Ltd - India
  • Port Waratah Coal Services - Australia
  • World Bank
  • Ceylon Electricity Board - Sri Lanka
  • GMR Energy Limited - India
  • Kobexindo Tractors - Indoneisa
  • Timah Investasi Mineral - Indoneisa
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Bahari Cakrawala Sebuku - Indonesia
  • globalCOAL - UK
  • Geoservices-GeoAssay Lab
  • Vale Mozambique
  • Romanian Commodities Exchange
  • Commonwealth Bank - Australia
  • ACC Limited - India
  • Runge Indonesia
  • Glencore India Pvt. Ltd
  • Japan Coal Energy Center
  • GB Group - China
  • Sarangani Energy Corporation, Philippines
  • Cosco
  • Kumho Petrochemical, South Korea
  • Kepco SPC Power Corporation, Philippines
  • Pipit Mutiara Jaya. PT, Indonesia
  • Sucofindo - Indonesia
  • Arutmin Indonesia
  • Platts
  • CCIC - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Meralco Power Generation, Philippines
  • Ministry of Mines - Canada
  • Kalimantan Lumbung Energi - Indonesia
  • Riau Bara Harum - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Bangkok Bank PCL
  • Karbindo Abesyapradhi - Indoneisa
  • Goldman Sachs - Singapore
  • Carbofer General Trading SA - India
  • Britmindo - Indonesia
  • Bhushan Steel Limited - India
  • CNBM International Corporation - China
  • PNOC Exploration Corporation - Philippines
  • CESC Limited - India
  • Therma Luzon, Inc, Philippines
  • CoalTek, United States
  • Manunggal Multi Energi - Indonesia
  • IMC Shipping - Singapore
  • ETA - Dubai
  • TNPL - India
  • Maersk Broker
  • The Treasury - Australian Government
  • Mercator Lines Limited - India
  • Pendopo Energi Batubara - Indonesia
  • Samtan Co., Ltd - South Korea
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Mjunction Services Limited - India
  • Indian School of Mines
  • Medco Energi Mining Internasional
  • India Bulls Power Limited - India
  • Noble Europe Ltd - UK
  • Savvy Resources Ltd - HongKong
  • Cigading International Bulk Terminal - Indonesia
  • Maybank - Singapore
  • International Coal Ventures Pvt Ltd - India
  • Gupta Coal India Ltd
  • Videocon Industries ltd - India
  • Toyota Tsusho Corporation, Japan
  • Arch Coal - USA
  • Indian Energy Exchange, India
  • Global Coal Blending Company Limited - Australia
  • Indogreen Group - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Thai Mozambique Logistica
  • Gujarat Mineral Development Corp Ltd - India
  • The University of Queensland
  • Sical Logistics Limited - India
  • Star Paper Mills Limited - India
  • Jindal Steel & Power Ltd - India
  • Sindya Power Generating Company Private Ltd
  • Jatenergy - Australia
  • Maruti Cements - India
  • Indonesia Power. PT
  • Billiton Holdings Pty Ltd - Australia
  • Global Business Power Corporation, Philippines
  • Banpu Public Company Limited - Thailand
  • Argus Media - Singapore
  • Attock Cement Pakistan Limited
  • Leighton Contractors Pty Ltd - Australia
  • Kohat Cement Company Ltd. - Pakistan
  • Asia Cement - Taiwan
  • PLN - Indonesia
  • PetroVietnam
  • Edison Trading Spa - Italy
  • SRK Consulting
  • Sinarmas Energy and Mining - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Gresik Semen - Indonesia
  • Barasentosa Lestari - Indonesia
  • Oldendorff Carriers - Singapore
  • McKinsey & Co - India
  • ASAPP Information Group - India
  • Sakthi Sugars Limited - India
  • Chamber of Mines of South Africa
  • ING Bank NV - Singapore
  • Vijayanagar Sugar Pvt Ltd - India
  • RBS Sempra - UK
  • Idemitsu - Japan
  • Larsen & Toubro Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Ministry of Finance - Indonesia
  • KOWEPO - South Korea
  • Coalindo Energy - Indonesia
  • Orica Australia Pty. Ltd.
  • Australian Commodity Traders Exchange
  • JPMorgan - India
  • Essar Steel Hazira Ltd - India
  • Rudhra Energy - India
  • Merrill Lynch Commodities Europe
  • Mercuria Energy - Indonesia
  • Marubeni Corporation - India
  • Coal and Oil Company - UAE
  • Baramulti Group, Indonesia
  • Semirara Mining Corp, Philippines
  • London Commodity Brokers - England
  • Thriveni
  • BNP Paribas - Singapore
  • Bank of China, Malaysia
  • GHCL Limited - India
  • Anglo American - United Kingdom
  • Aboitiz Power Corporation - Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • WorleyParsons
  • European Bulk Services B.V. - Netherlands
  • Salva Resources Pvt Ltd - India
  • PetroVietnam Power Coal Import and Supply Company
  • Tata Power - India
  • Core Mineral Indonesia
  • Independent Power Producers Association of India
  • Bulk Trading Sa - Switzerland
  • South Luzon Thermal Energy Corporation
  • Bank of America
  • Inco-Indonesia
  • Tamil Nadu electricity Board
  • Petron Corporation, Philippines
  • Intertek Mineral Services - Indonesia
  • Power Finance Corporation Ltd., India
  • GNFC Limited - India
  • Eastern Coal Council - USA
  • TNB Fuel Sdn Bhd - Malaysia
  • Thermax Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • TANGEDCO India
  • Inspectorate - India
  • SASOL - South Africa
  • EMO - The Netherlands
  • World Coal - UK
  • Qatrana Cement - Jordan
  • Coal India Limited
  • Indonesian Coal Mining Association
  • PLN Batubara - Indonesia
  • Agrawal Coal Company - India
  • Indo Tambangraya Megah - Indonesia
  • Kobe Steel Ltd - Japan
  • Simpson Spence & Young - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Clarksons - UK
  • Ince & co LLP
  • Cemex - Philippines
  • ANZ Bank - Australia
  • Wood Mackenzie - Singapore
  • Aditya Birla Group - India
  • Sree Jayajothi Cements Limited - India
  • Tanito Harum - Indonesia
  • VISA Power Limited - India
  • Planning Commission, India
  • Grasim Industreis Ltd - India
  • Jorong Barutama Greston.PT - Indonesia
  • The India Cements Ltd
  • Barclays Capital - USA
  • Central Electricity Authority - India
  • Malco - India
  • Deloitte Consulting - India
  • Parliament of New Zealand
  • Lanco Infratech Ltd - India
  • Madhucon Powers Ltd - India
  • bp singapore
  • Heidelberg Cement - Germany
  • Latin American Coal - Colombia
  • Jaiprakash Power Ventures ltd
  • Borneo Indobara - Indonesia
  • Cargill India Pvt Ltd
  • Antam Resourcindo - Indonesia
  • IBC Asia (S) Pte Ltd
  • Indian Oil Corporation Limited
  • Africa Commodities Group - South Africa
  • Electricity Generating Authority of Thailand
  • IOL Indonesia
  • Iligan Light & Power Inc, Philippines
  • Mitsubishi Corporation
  • Fearnleys - India
  • HSBC - Hong Kong
  • Renaissance Capital - South Africa
  • TeaM Sual Corporation - Philippines
  • Globalindo Alam Lestari - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Sojitz Corporation - Japan
  • GN Power Mariveles Coal Plant, Philippines
  • Total Coal South Africa
  • Asian Development Bank
  • Ind-Barath Power Infra Limited - India
  • Makarim & Taira - Indonesia
  • Infraline Energy - India
  • Economic Council, Georgia
  • Xstrata Coal
  • UOB Asia (HK) Ltd
  • Thailand Anthracite
  • Humpuss - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • JPower - Japan
  • MS Steel International - UAE
  • DBS Bank - Singapore
  • Energy Link Ltd, New Zealand
  • Kartika Selabumi Mining - Indonesia
  • Metalloyd Limited - United Kingdom
  • NTPC Limited - India
  • Wilmar Investment Holdings
  • Adaro Indonesia
  • White Energy Company Limited
  • Merrill Lynch Bank
  • Bukit Makmur.PT - Indonesia
  • Permata Bank - Indonesia
  • Freeport Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Xindia Steels Limited - India
  • Bangladesh Power Developement Board
  • Karaikal Port Pvt Ltd - India
  • TGV SRAAC LIMITED, India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Peabody Energy - USA
  • Georgia Ports Authority, United States
  • Directorate Of Revenue Intelligence - India
  • Siam City Cement PLC, Thailand
  • Directorate General of MIneral and Coal - Indonesia
  • Altura Mining Limited, Indonesia
  • Coaltrans Conferences
  • SUEK AG - Indonesia
  • J M Baxi & Co - India
  • Bayan Resources Tbk. - Indonesia
  • Price Waterhouse Coopers - Russia
  • BRS Brokers - Singapore
  • Mechel - Russia
  • Gujarat Sidhee Cement - India
  • EIA - United States
  • Ambuja Cements Ltd - India
  • Bharathi Cement Corporation - India
  • Parry Sugars Refinery, India
  • Pinang Coal Indonesia
  • Uttam Galva Steels Limited - India
  • IEA Clean Coal Centre - UK
  • Deutsche Bank - India
  • SMG Consultants - Indonesia
  • U S Energy Resources
  • Minerals Council of Australia
  • Standard Chartered Bank - UAE
  • CIMB Investment Bank - Malaysia
  • Miang Besar Coal Terminal - Indonesia
  • Mitsui
  • Platou - Singapore
  • San Jose City I Power Corp, Philippines
  • Maheswari Brothers Coal Limited - India
  • Bhoruka Overseas - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Russian Coal LLC
  • Electricity Authority, New Zealand
  • New Zealand Coal & Carbon
  • Ernst & Young Pvt. Ltd.
  • TRAFIGURA, South Korea
  • SGS (Thailand) Limited
  • Holcim Trading Pte Ltd - Singapore
  • Cardiff University - UK
  • Credit Suisse - India
  • Surastha Cement
  • PowerSource Philippines DevCo
  • PTC India Limited - India
  • Panama Canal Authority
  • Lafarge - France
  • Moodys - Singapore
  • APGENCO India
  • OCBC - Singapore
  • UBS Singapore
  • Gujarat Electricity Regulatory Commission - India
  • Indika Energy - Indonesia
  • Samsung - South Korea
  • Coal Orbis AG
  • Enel Italy
  • SN Aboitiz Power Inc, Philippines
  • Ministry of Transport, Egypt
  • Shree Cement - India
  • AsiaOL BioFuels Corp., Philippines
  • Malabar Cements Ltd - India
  • GVK Power & Infra Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • Kideco Jaya Agung - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Vedanta Resources Plc - India
  • Eastern Energy - Thailand
  • Shenhua Group - China
  • Vitol - Bahrain