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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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Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
Tuesday, 17 January 23
MARKET INSIGHT - INTERMODAL
Rumor has it that the New Year has come, to set the pace in, for Russia to continue hostilities against Ukraine. Ten months on the go, into Russia& ...
Tuesday, 17 January 23
INDONESIA IS ACCOUNTING FOR 32.3% OF THE GLOBAL SEABORNE COAL MARKET IN 2022 - BENCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, Benchero ...
Tuesday, 10 January 23
INDONESIAN HBA IS SEEING A SPIKE IN JANUARY 2023 INSTEAD OF A SIGNIFICANT FALL IN DECEMBER 2022
COALspot.com: Indonesian Coal Price Reference up 8.43% in January 2023.
HBA is seeing a dramatic spike in January 2023 i ...
Sunday, 08 January 23
INDIAN COAL POWER PLANTS SHOULD BE COMPENSATED FOR 2022 FORCED GENERATION – REGULATOR : REUTERS
Indian power plants that rely on imported coal should be fully compensated when forced to supply electricity, the country’s power regulator s ...
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- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Planning Commission, India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
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