We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
 Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, reports Bisnis Indonesia, an Indonesian news paper.
Managing Director of Harum Energy, Ray Antonio Gunara, said the company plans to gradually increase production capacity to 10 million tons this year from 7.4 million tons the previous year. As for next year, the target is to reach 14 million tons.
"Out of the total target of 10 million tons this year, 70% has already been contracted. The price cannot yet be determined because it is set per quarter and dependent on index," he said yesterday.
The company might revise its production target upwards if exploration results indicate higher reserve potential.
"For PT Tambang Batubara Harum (TBH), we expect it to enter production phase before the end of this year. We are still in the construction phase and there are administrative permits that need to be cleared. This year’s production is expected to reach 500,000 tons but it depends on the operation commencement," he explained.
Ray is hoping for a slightly higher sales volume than the production target this year. Last year sales reached 8.3 million tons. "We expect sales and bottom line improvement to equal the rate in the first quarter 2011."
This year, the budgeted capital expenditure is US$ 30 million, among others to be used for road hardening to improve transport quality, the construction of a new coal crusher unit, construction of port facilities at TBH, and increasing the number of tugs and barges fleet.
"The additional expenses will likely be funded from internal sources as the amount is not expected to be large," added Ray.
Up to 31 March 2011, the company recorded revenues of Rp 1,51 trillion or up by 69% from same period 2010 of Rp895 billion.
Net income allocated to entity holders is reported increase by 131% to Rp309 billion compared to same period last year Rp134 billion.
Growth in revenue and net income was primarily due to higher average coal selling price and increase of coal sales volume. Combined sales volume of coal from PT Mahakam Sumber Jaya and PT Santan Batubara reached 2.3 million tons in the first quarter of this year, up from 2.1 million tons in the same period of 2010.
The company’s average selling price of coal was US$88 per ton throughout the 1st Q of 2011 or an increase of 36% compared to same period in 2010 due to the rising trend in global coal prices.
"The average price is expected to increase compared to the achievement in the 1st Q of 2011. The average price of the 1st Q of 2011 was actually a carryover of 2010 contracts.
It is expected that the carryover in the 2nd Q of 2011 could be less, so that the average price could be better.
Source: Bisnis Indonesia
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 09 August 11
INDONESIAS COAL PRODUCTION GREW BY 19.4% LAST YEAR - BP
COALspot.com - Indonesia’s coal production grew by 19.4% last year to 305.879 million tonnes from 256.181 million tonnes in 2009, the fastest ...
Tuesday, 09 August 11
DRY BULK MARKET UNABLE TO FIND UPWARD MOMENTUM, SLUMPS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
They same that what goes up must come down and nobody seems to have found a better application of this expression, than the beleguered dry bulk mark ...
Monday, 08 August 11
OIL PRICES ARE SOFTENING, WILL IT INFLUENCE COAL PRICES?
COALspot.com - The current global economic condition is in volatility after a little chance of optimism for economic recovery.
Oil price at ...
Monday, 08 August 11
A SUPRAMAX VESSEL WAS REPORTED FIXED AT $ 12K - VISTAAR
COALspot.com - The BDI was slightly up by about 4 points closed at 1268 points which was supported by cape index which was up 3.14 pct and closed at ...
Saturday, 06 August 11
NTPC IS CONSIDERING TO ENTER INTO 25 YEARS COAL PURCHASE AGREEMENT
Indian, State-run power producer NTPC's present annual consumption is 164 million tonnes, and company is considering long-term agreements abroad to ...
|
|
|
Showing 5151 to 5155 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Australian Coal Association
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- White Energy Company Limited
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
|
| |
| |
|
