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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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Friday, 01 April 11
DRY BULK MARKET WEAKENS ON SLOWER DEMAND, HOPES FOR MID-TERM REBOUND ON JAPANS RECONSTRUCTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected in the Baltic Dry Index (BDI) retreated for a third day yesterday, after staying flat on Monday, to end at 1,530 p ...
Wednesday, 30 March 11
CHALLENGER SIGNS OPTION AGREEMENTS TO PURCHASE FOUR COAL PROJECTS IN INDONESIA
Challenger Signs Three Exclusive Option Agreements to Purchase Four Coal Projects in East Kalimantan, Indonesia
Challenger Deep Resources Corp.ha ...
Wednesday, 30 March 11
KPCL TO IMPORT ONE MILLION TONS OF 6300 GAD COAL
COALspot.com - Karnataka Power Corporation a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 Kcal/kg ...
Wednesday, 30 March 11
WIKA GRABS PROJECT FROM ADARO INDONESIA - INSIDER STORIES
One of Indonesia's largest thermal coal PT Adaro Indonesia has finally mandated PT Wijaya Karya Tbk (WIKA) as a contractor to install and manage ov ...
Tuesday, 29 March 11
JAPAN FACTOR RIPPLING THROUGH THE SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the world watching the latest developments regarding the nuclear crisis in Japan and the devastating effects of the recent tragedy that struck ...
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- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Xindia Steels Limited - India
- The University of Queensland
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
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