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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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Tuesday, 26 November 19
PREPARATIONS INTENSIFY AS 1 JANUARY 2020 GLOBAL CUT IN SULPHUR IN SHIP'S FUEL OIL LOOMS: IMO
“IMO 2020” requirements for ships to cut sulphur oxide emissions enter into effect in just over one month’s time. This will signi ...
Monday, 25 November 19
COAL SUPPLY BY CIL TO POWER SECTOR DROPS OVER 8 PC TO 253 MT IN APRIL-OCTOBER - PTI
Supply of coal by state-owned CIL to the power sector registered a decline of 8.5 per cent to 253 million tonnes in the April-October period of thi ...
Monday, 25 November 19
A 53,000DWT SHIP FIXED AT $9,500 DELIVERY SINGAPORE TRIP, VIA INDONESIA, REDELIVERY VIETNAM - BALTIC BRIEFING
Capesize
After a week of value being eroded on the Capesize market, Friday brought improved sentiment across most of the routes. The 5TC averag ...
Monday, 25 November 19
KOWEPO INVITED 6.79 MILLION TONS OF (SUB)BITUMINOUS STEAM COAL BIDS
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for 6,798,000 tons of coal for 5 years ...
Friday, 22 November 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
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