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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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Friday, 12 April 19
U.S : MORE THAN 7 GW OF COAL-FIRED GENERATION IS SCHEDULED TO RETIRE BY THE END OF 2020 - EIA
EIA estimates that U.S. coal production decreased by 19 million short tons (MMst) (2%) in 2018, totaling 756 MMst.
EIA also expects ...
Friday, 12 April 19
GLENCORE WINS $520 MILLION DEAL TO SELL COAL TO MEXICO - REUTERS
Global trader Glencore has won contracts worth around $520 million to supply 4.94 million tonnes of coal to Mexico, state-run power utility the Fed ...
Thursday, 11 April 19
AUSTRALIAN COAL IN THE FRONTLINE OF CHINA'S SUPPLY GLUT - AUSTRALIAN FINANCIAL REVIEW
Australian coal will be hardest hit as China cuts foreign imports of its key energy source to tackle oversupply, and implements policies favouring ...
Wednesday, 10 April 19
COALTRANS ASIA - TAKE PART IN THE LARGEST COAL EVENT IN THE WORLD!
Take part in the largest coal event in the world!
Coaltrans Asia is back this June bringing together the entire international coal s ...
Wednesday, 10 April 19
KOSPO INVITED BIDS FOR 160K MT OF MIN. 3700 NCV COAL FOR JUNE LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 160,000 MT of min. 3,800 Kcal/kg ~max.4,100 ...
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- The University of Queensland
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
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