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

Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...


Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...


Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...


Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...


Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...


   1091 1092 1093 1094 1095   
Showing 5461 to 5465 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 ...

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