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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$88 per ton throughout the 1st Q of 2011 or an increase of 36% compared to same period in 2010 due to the rising trend in global coal prices.
"The average price is expected to increase compared to the achievement in the 1st Q of 2011. The average price of the 1st Q of 2011 was actually a carryover of 2010 contracts.
It is expected that the carryover in the 2nd Q of 2011 could be less, so that the average price could be better.
Source: Bisnis Indonesia
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Saturday, 23 July 11
FAR EAST /SE ASIA ROUTE GAINED US$ 3000 HIGHER THAN LAST WEEK - VISTAAR
COALspot.com - The BDI further softened to by 2.22 pct and closed at 1323 points. The Cape and Panamax index also softened and closed at 1841 points ...
Saturday, 23 July 11
PANAMAX MARKET FACED A LIMITED ACTIVITY IN ALL BASINS
Handy
Atlantic softening across all segments with little fresh enquiry ex Bsea/Cont/USG and ECSA. Trips to Far east remain healthy. More cargoes ex ...
Friday, 22 July 11
MARUBENI ACQUIRING 42.86% SHARE OF YTL JAWA POWER HOLDINGS
COALspot.com - Japan’s Marubeni Corporation acquisition 42.86% stake in YTL Jawa Power Holdings BV, which owns a 35% equity interest in Indone ...
Thursday, 21 July 11
INDIA IMPORTS 36.033 MILLION TONS OF INDONESIAN COAL TILL JUNE
COALspot.com - Indonesia shipped 28.27 Million tons of coal in June 2011, a 2.3 percent lesser than May export of about 28.962 million tons, I ...
Thursday, 21 July 11
COAL PRICES ARE AT US$ 120 A TONNE
COALspot.com - Indonesian coal production in 2011 is expected to reach 360 million tons or 5.8 percent higher than government's forecasts. The incr ...
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- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- McConnell Dowell - Australia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Parliament of New Zealand
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Planning Commission, India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
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