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, 28 January 11
MPM SEEKS 40K TONS OF INDONESIAN COAL
An Indian paper producer Mysore Paper Mills Ltd., based in Bangalore is looking for  40,000 metric tons of non-coking coal of Indonesian o ...


Friday, 28 January 11
TRADING PERMIT DELAYS THREATEN EXPORTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, an ongoing wrangle over licenses for mining traders could hurt investment, a coal mining association chief said on ...


Friday, 28 January 11
DRY BULK MARKET CLOSING IN TOWARDS CRISIS LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The trials and tribulations of the dry bulk market seem to have no end during the first month of 2011, as the industry’s benchmark, the Baltic ...


Wednesday, 26 January 11
ADANI TO SET-UP RAIL, PORT AND POWER PROJECTS IN INDONESIA - MONEYCONTROL
Moneycontrol reported that, Adani Enterprises, the flagship company of India’s infrastructure conglomerate the Adani Group, today announced th ...


Wednesday, 26 January 11
DRY BULK MARKET TAKES YET ANOTHER NOSEDIVE, CAPESIZES LOOK RATHER UNATTRACTIVE AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The downturn of the dry bulk market sees no boundariers, disproving even those who thought that at least for the capesize market, the worst had pass ...


   1080 1081 1082 1083 1084   
Showing 5406 to 5410 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 ...

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