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

Sunday, 20 March 11
FREIGHT MARKETS COULD SOFTEN NEXT WEEK DUE TO JAPANESE PORTS CLOSURE AND LIBYAN CRISIS - VISTAAR
COALspot.com - The BDI was down by 1.98 pct (closing at 1531 points) mainly due to Cape index which was down by almost 11 pct and closed 1687 points ...


Friday, 18 March 11
FALL IN INDONESIAN COAL EXPORTS IN FEBRUARY 11
COALspot.com -  Indonesian coal exports seen a fall of 10.76% during Feb 2011. The world’s largest coal exporter shipped 22.029 MMts of c ...


Thursday, 17 March 11
THE PACIFIC HANDY MARKET IS CURRENTLY STEADY - FEARNBULK
Handy The Atlantic market is showing signs of recovery and does not seem to be affected by the Japan disaster. The market is very positional and i ...


Tuesday, 15 March 11
COAL PRODUCTION FORECAST TO SURGE ON RISING PRICES - THE JAKARTA GLOBE
The Jakarta Globe  reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to ...


Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community. The iron ore spot market is growing at a ...


   1067 1068 1069 1070 1071   
Showing 5341 to 5345 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 ...

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