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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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Monday, 09 September 19
ULTRAMAX: ASIA A 58,000-TONNER FIXED DELIVERY FUZHOU, VIA INDONESIA, REDELIVERY CHINA, AT $12,800
Capesize
0px The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed ...
Wednesday, 04 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
For yet another time, the market seems to have its own drivers. After a very disappointing first half, the recent recovery in the shipping market i ...
Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.
...
Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize
The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...
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- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- PTC India Limited - India
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- The University of Queensland
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Parliament of New Zealand
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Australian Coal Association
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