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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, 20 July 11
DRY BULK MARKET KEEPS ON FALLING ON SOFTENING CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated to lower ground on Tuesday, as the industry’s benchmark, the BDI (Baltic Dry Index) fell to 1,330 points, down b ...
Tuesday, 19 July 11
82 MIO TONS OF COAL TO BE SUPPLIED FOR DOMESTIC MARKET
Indonesian Coal miners were required to supply 82 million tons of coal to Domestic market in this year. This is a 2.53 percent higher than last year ...
Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indones ...
Sunday, 17 July 11
THE COAL PRICES ARE SOFTENING DUE TO LESS DEMAND - VISTAAR
COALspot.com: The markets were down last week with BDI down by 6.63 points and closing at 1,353 points. The most affected was Cape index which was d ...
Friday, 15 July 11
DRY BULK MARKET SUFFERS NEW BLOW, RETREATS EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell even lower yesterday on the back of lower demand for larger vessels, like Capesizes and Panamaxes. The industry’s ben ...
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- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Posco Energy - South Korea
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
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