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

Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...


Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today. Seven Indian coal  traders have submitted price bid to sup ...


Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...


Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...


Tuesday, 22 March 11
KRISHNAPATNAM PORT SETS ALL INDIA RECORD FOR COAL DISCHARGING
COALspot.com - "Krishnapatnam Port has set an all India record for discharging 71,587 tons of steam coal in just 24 hrs using the conventional ...


   1066 1067 1068 1069 1070   
Showing 5336 to 5340 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 ...

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