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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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Thursday, 16 June 11
BOOSTING THE USE OF LOW CARBON ENERGY FOR A BETTER WORLD
Bali, Indonesia host of world renewable energy congress – Indonesia, international conference & exhibition on renewable energy and energy ...
Thursday, 16 June 11
FREIGHT MARKET FAILS TO RECOVER - DREWRY / HELLENIC SHIPPING
With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels ...
Thursday, 16 June 11
VALLAR CONTROLS 84.7 PERCENT STAKE IN BERAU COAL - INSIDER STORIES
Insider Stories reported that, London-based investment company Vallar Plc, via its subsidiary dubbed Vallar Investments UK Limited, today announced ...
Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian g ...
Wednesday, 15 June 11
BAYAN RESOURCES OWNS 56 PERCENT KANGAROO - INSIDER STORIES
Australia-listed coal miner Kangaroo Resources Limited (KRL) has obtained final approval from its shareholders to complete its US$277 million acquis ...
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- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
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