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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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Monday, 21 February 11
CHURCHILL MINING RECEIVES SIGNIFICANT INTEREST, PROPOSALS TO DEVELOP EAST KUTAI COAL PROJECT - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining has received a number of specific proposals to fund and develop its massive East Kutai coa ...
Monday, 21 February 11
ABOLISH 5% DUTY ON COAL IMPORTS: SHINDE
Indian Express reported that, with acute coal shortage of domestic coal threatening to destabilise its power generation plans, the power ministry ha ...
Saturday, 19 February 11
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market was quite firm this week with freight rates in South east asia and India/Feast almost up by 30 pct.
However towards end ...
Thursday, 17 February 11
COAL-GEN EUROPE 2011 REAFFIRMS THE IMPORTANCE OF COAL
Press Release: The third COAL-GEN Europe conference and exhibition, kicked off on Tuesday 15 February, with leading experts, professionals and compa ...
Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...
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- ASAPP Information Group - India
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Australian Coal Association
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
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