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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, 01 July 19
COAL DEMAND RISES, BUT REMAINS BELOW PEAK LEVELS - FORBES
This article is the third in a series on BP’s recently-released Statistical Review of World Energy 2019. The Review provides a comprehensive ...
Saturday, 29 June 19
ULTRAMAX: FROM SOUTHEAST ASIA MORE COAL WAS ENTERING THE MARKET - BALTIC BRIEFING
Capesize
The market showed variability over the past week, as most routes were active yet sentiment differed from region to region. The Pacific ...
Wednesday, 26 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
As the first half of the year is almost over, it is worth looking back at the sale and purchase activity during these months, focusing on the segme ...
Tuesday, 25 June 19
THERMAL COAL FUTURES ON THE ZHENGSHOU EXCHANGE ROSE - DANIEL HYNES
Coal markets were buoyed by ongoing supply side issues.
According to Daniel Hynes, Senior Commodity Strategist of ANZ, the the ...
Monday, 24 June 19
KOMIPO INVITED BITUMINOUS COAL BIDS FOR BORYEONG & SHIN BORYEONG POWER PLANTS
South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 260,000 MT MT of min. 5700 NAR coal and 240,000 MT of min. 4,600 k ...
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- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
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- Renaissance Capital - South Africa
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- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
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- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
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- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
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- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
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- Sojitz Corporation - Japan
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- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
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- The State Trading Corporation of India Ltd
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- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
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- Vijayanagar Sugar Pvt Ltd - India
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- Economic Council, Georgia
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- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
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- Energy Development Corp, Philippines
- Planning Commission, India
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- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
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- Eastern Coal Council - USA
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- Thai Mozambique Logistica
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- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
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- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- White Energy Company Limited
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
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- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
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- Tamil Nadu electricity Board
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- Sarangani Energy Corporation, Philippines
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- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
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- Bangladesh Power Developement Board
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- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
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- Kohat Cement Company Ltd. - Pakistan
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- Directorate General of MIneral and Coal - Indonesia
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