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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, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...
Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.
Seven Indian coal traders have submitted price bid to sup ...
Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...
Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...
Tuesday, 22 March 11
KRISHNAPATNAM PORT SETS ALL INDIA RECORD FOR COAL DISCHARGING
COALspot.com - "Krishnapatnam Port has set an all India record for discharging 71,587 tons of steam coal in just 24 hrs using the conventional ...
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- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
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- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
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- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
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- IHS Mccloskey Coal Group - USA
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- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
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- White Energy Company Limited
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- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
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- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
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- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
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- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
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- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
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- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- The University of Queensland
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
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