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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$88 per ton throughout the 1st Q of 2011 or an increase of 36% compared to same period in 2010 due to the rising trend in global coal prices.
"The average price is expected to increase compared to the achievement in the 1st Q of 2011. The average price of the 1st Q of 2011 was actually a carryover of 2010 contracts.
It is expected that the carryover in the 2nd Q of 2011 could be less, so that the average price could be better.
Source: Bisnis Indonesia
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Monday, 07 February 11
RBCT SHIPPED 28.67 PERCENT LESS COAL IN JANUARY
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest export coal terminal in the world, shipped 4,389,925 MT of coal in January 20 ...
Sunday, 06 February 11
THE PANAMAX & SUPRAMAX FUTURES FOR 2011-2013 WAS AT AROUND US$ 16,500 & US$ 15,000 PER DAY RESPECTIVELY
COALspot.com - With the Chinese new year holidays this week, the market has been fairly quite as expected.
The BDI saw a bigger drop compared to ...
Saturday, 05 February 11
INDONESIAN ENERGY MINISTER HAS SIGNED A DECREE FOR COAL TRANSPORTATION PERMITS ON FRIDAY
COALspot.com - Minister of Energy, Darwin Minister Saleh said, that, he had signed a decree for transportation and sale of coal, which was the ...
Saturday, 05 February 11
ANCHORAGE LOADING POINT MOVED TO MUARA JAWA
COALspot.com - The Ministry of Transportation Republic Indonesia has announced that, the loading point at Muara Berau, East kalimantan h ...
Friday, 04 February 11
PERTAMINA DENIES KAREN AGUSTIAWAN RESIGNS FROM PERTAMINA
COALspot.com - The President Director of PT Pertamina, Karen Agustiawan reportedly will replace Darwin Saleh as Minister of Energy and Mineral Resou ...
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- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
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