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Thursday, 01 August 19
INDIKA ENERGY REVENUES DECLINE DUE TO LOW COAL PRICES
.jpg) One of the largest Indonesian integrated energy companies PT Indika Energy Tbk posted revenues of US $ 1,380.4 million, down 4.6% compared to US $ 1,447.2 million in the same period the previous year.
According to Warta Ekonomi, Arsjad Rasjid, Indika Energy's President Director, said that the main factor was the decline of PT Kideco Jaya Agung income, which amounted to US $ 810 million in the first six months of 2019 compared to US $ 938.8 million in the first semester of 2018, due to weakening of International coal prices.
He further said, the Company's coal sales volume, through Kideco and PT Multi Tambangjaya Utama (MUTU), increased by 556 thousand tons. for the period January to June 2019. Kideco sold 17.5 million tons of coal, an increase of 200 thousand tons year on year. While MUTU sold 764 thousand tons of coal, an increase of 356 thousand tons compared to the first semester of 2018, the report says.
"The performance of the first semester of 2019 reflects our focus on optimizing performance amid the current coal market conditions and global economic pressures," he said, in an official statement in Jakarta on Wednesday (07/31/2019) said Warta Ekonomi.
Where, the Company's gross profit in the first half of 2019 decreased 37.7% to US $ 235.4 million compared to US $ 377.7 million in the same period in 2018. Operating Income decreased to US $ 163.7 million compared to US $ 312 , 1 million in H1 2018.
"The downward trend in coal prices that occurred since last year has an impact on the Company's Financial Report. "We always focus on maintaining production efficiency, controlling operational costs, and optimizing synergies between the Company's business units," he concluded.
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Saturday, 11 January 20
BALTIC BRIEFING TANKER REPORT - WEEK 2
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Friday, 10 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remains flat
China’s benchmark power coal price remained flat during the past week.
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Thursday, 09 January 20
NEW IMO LIFEBOAT REQUIREMENTS ENTER INTO FORCE - STANDARD CLUB
KNOWLEDGE TO ELEVATE
Three new compulsory IMO resolutions entered into force on 1 January 2020. These resolutions deal with the maintenance, t ...
Thursday, 09 January 20
INDIA'S NEW EASED MINING RULES TO ENHANCE FOREIGN PARTICIPATION IN COAL SECTOR: MINISTER
India’s cabinet has eased mining laws in a bid to attract foreign players to the domestic coal sector and reduce imports of the fuel, coal mi ...
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- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- MS Steel International - UAE
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
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