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

Tuesday, 08 March 11
US$ 8 BILLION WORTH OF INFRASTRUCTURE PROJECTS IN PIPELINE IN INDONESIA - WOOD MACKENZIE
India’s Increasing Demand for Thermal Coal  Cannot Be Satisfied Without Emerging Coal Areas in Indonesia - Wood Mackenzie  At Coa ...


Tuesday, 08 March 11
INDIA'S VEDANTA TO ACQUIRE COAL MINES IN OVERSEAS
COALspot.com - India's Vedanta group is also looking at long-term off take agreements and possible acquire of coal mines overseas, the official sai ...


Tuesday, 08 March 11
MINERS SAY VALUE-ADDED LAW WILL HURT IN THE LONG RUN - THE JAKARTA GLOBE
The Jakarta Globe reported that, Government plans to require miners to give added value to their exported commodities could end up costing the count ...


Tuesday, 08 March 11
THE PANAMAX MARKET THIS WEEK FIRMED UP - BRS
Underlining the unpredictability of the current market, rates for all dry bulk segments swung up again last week. Stronger exports out of South Amer ...


Sunday, 06 March 11
THE S6 ROUTE MAY CONTINUE TO BE FIRM - VISTAAR
COALspot.com - The freight market was firm this week with all indices up. The BDI , Cape Index and Panamax index was up by almost 9 pct where as Sup ...


   1069 1070 1071 1072 1073   
Showing 5351 to 5355 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 ...

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