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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, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy
Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...
Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
Wednesday, 25 May 11
DRY BULK MARKET ENTERS WEEK ON A HIGH NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has managed to end its downward trend of the past few weeks and surge back on higher ground. Yesterday, the Baltic Dry Index (BD ...
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- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
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