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, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...


Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...


Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...


Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...


Wednesday, 05 January 11
HIGHER COAL PRICES LIFT UP COAL STOCKS
Thermal coal price this month has gone up 5.63% to US$127.70 per ton today from mid last month at US$120.89 per ton. Thermal coal price for next ...


   1088 1089 1090 1091 1092   
Showing 5446 to 5450 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 ...

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