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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$88 per ton throughout the 1st Q of 2011 or an increase of 36% compared to same period in 2010 due to the rising trend in global coal prices.
"The average price is expected to increase compared to the achievement in the 1st Q of 2011. The average price of the 1st Q of 2011 was actually a carryover of 2010 contracts.
It is expected that the carryover in the 2nd Q of 2011 could be less, so that the average price could be better.
Source: Bisnis Indonesia
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Friday, 04 February 11
ADARO ENERGY FY10 COAL SALES UP 6 PERCENT TO 43.84 MILLION
As reported by insider stories, Indonesian coal miners PT Adaro Energy Tbk has produced 42.20 million tons of coal in 2010, a 4 percent increase com ...
Thursday, 03 February 11
MERCATOR LINES TO INVEST RS 200-250 CRORE ON COAL MINE IN INDONESIA - ECONOMIC TIMES
Economic Times reported that, Mercator Lines, the HK Mittal-controlled shipping-to-mines major, will invest about 200-250 crore (US$ 43.825 - 54.781 ...
Thursday, 03 February 11
DRY BULK MARKET LOOKS SET TO BOTTOM OUT NIKOS - ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market having lost more than 72% of its value in the last month or so and having retreated to a 2-year low, it seems that the bott ...
Wednesday, 02 February 11
INDONESIA MAY MISS COAL EXPORT TARGET IN 2011
COALspot.com - Indonesian Trade ministry has instructed independent surveyors temporarily not to issue pre-shipment survey report (LS) to the compan ...
Wednesday, 02 February 11
BAYAN TO SUPPLY COAL TO TP UTILITIES LTD
Insider Stories has reportd that, Indonesia's one of the leading coal miner PT Bayan Resources Tbk (BYAN) owned by businessman Dato' Low Tuck ...
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- Uttam Galva Steels Limited - India
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- Goldman Sachs - Singapore
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- Parliament of New Zealand
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- Wood Mackenzie - Singapore
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- Electricity Generating Authority of Thailand
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- Edison Trading Spa - Italy
- Marubeni Corporation - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
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- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Romanian Commodities Exchange
- Trasteel International SA, Italy
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- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
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- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
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- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
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- Gujarat Sidhee Cement - India
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- Medco Energi Mining Internasional
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- Anglo American - United Kingdom
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- The State Trading Corporation of India Ltd
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- Orica Australia Pty. Ltd.
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- Merrill Lynch Commodities Europe
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- Chamber of Mines of South Africa
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- Eastern Coal Council - USA
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- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
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- Posco Energy - South Korea
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- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
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