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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$88 per ton throughout the 1st Q of 2011 or an increase of 36% compared to same period in 2010 due to the rising trend in global coal prices.
"The average price is expected to increase compared to the achievement in the 1st Q of 2011. The average price of the 1st Q of 2011 was actually a carryover of 2010 contracts.
It is expected that the carryover in the 2nd Q of 2011 could be less, so that the average price could be better.
Source: Bisnis Indonesia
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Wednesday, 27 July 11
BLACKSTONE TO INVEST INR 5,000 MILLION (APPRX. US$ 111 MILLION) IN VISA POWER
Press Release - The Blackstone Group (NYSE: BX) today announced that it will be investing INR 5,000 million (c. USD 111 million) in VISA Power ...
Tuesday, 26 July 11
UT'S SALES COULD REACH TO 8000 UNITS BY THE END OF 2011
COALspot.com - Sales of Komatsu heavy equipment in the domestic market in the first half of 2011 rose 59 percent to 4333 units compared to the same ...
Monday, 25 July 11
INDONESIA STATE ELECTRICITY COMPANY HAS BURNED 19 MMT OF COAL FOR FIRST HALF OF 2011
COALspot.com - Indonesia's State Electricity Company and other IPPs have burned 19 million tons of coal for first half of this year said,Pamudji Nu ...
Monday, 25 July 11
AKR CORPORINDO TO PRODUCE 0.3 MMT OF COAL BY DECEMBER
COALspot.com - PT AKR Corporindo (AKRA) began producing coal from its mine in Muara Teweh, Central Kalimantan. The company is targeting to pro ...
Sunday, 24 July 11
AN INDIAN PORT SETS A WORLD RECORD FOR CONVENTIONAL COAL DISCHARGE
COALspot.com - Krishnapatnam Port has set a World record for discharging 106,171 tons of steam coal in just 24 hrs using the conventional unloading sy ...
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- The Treasury - Australian Government
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Minerals Council of Australia
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Planning Commission, India
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- White Energy Company Limited
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
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