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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$88 per ton throughout the 1st Q of 2011 or an increase of 36% compared to same period in 2010 due to the rising trend in global coal prices.
"The average price is expected to increase compared to the achievement in the 1st Q of 2011. The average price of the 1st Q of 2011 was actually a carryover of 2010 contracts.
It is expected that the carryover in the 2nd Q of 2011 could be less, so that the average price could be better.
Source: Bisnis Indonesia
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Saturday, 26 March 11
ADARO AIMS TO DOUBLE COAL PRODUCTION -THE JAKARTA POST
The Jakarta Post reported that, coal producer PT Adaro Indonesia is planning to soon boost its production capacity to 80 million tons annually, almo ...
Friday, 25 March 11
KNOWLEDGE INFRASTRUCTURE TO BAG 160,000 MT COAL SUPPLY ORDER FROM TNPL
COALspot.com - Delhi based Knowledge infrastructure Systems Pvt. Ltd offered lowest price of US$ 97.10 per metric ton for calorific value of 6000 GA ...
Friday, 25 March 11
THE CAPESIZE MARKET CONTINUED TO FALL - FEARNBULK
Handy
The Atlantic market remains stable with more activity from the Black Sea to Feast paying in the mid 20´s on supras.
The USG remain ...
Friday, 25 March 11
BORNEO ENERGI FY10 NET INCOME SOARS - INSIDER STORIES
Coking coal producer PT Borneo Lumbung Energi Tbk (BORN) booked a skyrocket net income by 499.72% from net loss position in 2009, as quoted by Insid ...
Thursday, 24 March 11
INDIA'S CHETTINAD INTERNATIONAL COAL TERMINAL'S PERMISSIBLE DRAFT HAS INCREASED TO 13.5 M
COALspot.com - Chettinad International Coal Terminal in Ennore port has the berth with draft 13.5 Meters now, according to E-Mail statement received ...
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- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Parliament of New Zealand
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
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