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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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Wednesday, 10 July 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR HCV AND LCV COAL FOR AUGUST 2019 LOADING
COALspot.com: South Korea’s Korea South-East Power Co., Ltd. (KOEN) has issued an international tender for total 460,000 to 500,000 Metric To ...
Wednesday, 10 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
In contrast with the general expectations for the dry bulk market, the sector was not positive or even stable during the past 6 months. The warning ...
Monday, 08 July 19
INDONESIAN COAL PRICE REFERENCE POSTS BIGGEST MONTHLY LOSS SINCE JANUARY 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Monday, 08 July 19
ULTRAMAX: A 52,000-TONNER OPEN CJK FIXED FOR A TRIP VIA INDONESIA WITH RE-DELIVERY CHINA AT $6,100 - BALTIC BRIEFING
Capesize
The Capesize market surged over the past week, reaching highs not seen since August last year. Widespread activity in both basins saw ...
Wednesday, 03 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
The global shipping industry is facing numerous challenges at a time when geopolitical turmoil has escalated in view of the recent tension in the M ...
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- MS Steel International - UAE
- Planning Commission, India
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- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
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- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
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- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
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- Global Business Power Corporation, Philippines
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- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
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- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
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- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
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