We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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$88 per ton throughout the 1st Q of 2011 or an increase of 36% compared to same period in 2010 due to the rising trend in global coal prices.
"The average price is expected to increase compared to the achievement in the 1st Q of 2011. The average price of the 1st Q of 2011 was actually a carryover of 2010 contracts.
It is expected that the carryover in the 2nd Q of 2011 could be less, so that the average price could be better.
Source: Bisnis Indonesia
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 26 April 11
NTPC CALLS TENDER FOR 4 MLN TON OF NON-COKING COAL
COALspot.com - NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government of India, is the largest thermal power gener ...
Monday, 25 April 11
THE FUTURES FOR THREE YEARS WAS AT AROUND PANAMAX/US$ 14,000 PER DAY & SUPRAMAX/US$ 14,000 PER DAY - VISTAAR
COALspot.com - The freight market continued to soften further with all segments down except for the handy size which was marginally up by 10 points. ...
Saturday, 23 April 11
GUPTA COAL TO BAG ONE MILLION TONS OF COAL SUPPLY ORDER FROM KPCL AT AROUND US$ 127.53 PMT
COALspot.com - Karnataka Power Corporation (KPCL), a state utility of Karnataka, India has secured its one million tons of thermal coal with c ...
Saturday, 23 April 11
STRAITS ASIA SETS 11.5 MIO TONS OUTPUT - INSIDER STORIES
Insider Stories reported that, Singapore-listed Straits Asia Resources Limited plans to jack up its coal output target of 8.5% to 11.5 million tons ...
Friday, 22 April 11
DRY BULK MARKET KEEPS FALLING, NOW AT TWO-MONTH LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems unable at the moment to recover from the weight of newbuilding deliveries, resulting in too many ships competing for fewer ...
|
|
|
Showing 5291 to 5295 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Minerals Council of Australia
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Australian Coal Association
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
|
| |
| |
|
