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Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27.58% higher than 5.78 million tons of coal production last year.
The target is expected from PT Mahakam Sumber Jaya of 5.2 million tons and PT Santan Batubara of 2.2 million tons.
In 2009, Harum Energy's subsidiary PT Mahakam Sumber Jaya (MSJ) produced 4.53 million tons and PT Santan Batubara (SB) produced 1.25 million tons.
In MSJ, Harum Energy controls 80% stakes and 50% stakes in Santan Batubara. PT Indika Energy, through its wholly owned subsidiary PT Petrosea Tbk (PTRO) owns the remaining stakes.
In the first quarter of 2010, Harum Energy produced 1.72 million tons of coal. MSJ produced 1.09 million tons and SB produced 0.64 million tons.
Referring to the 7.4 million tons of coal production target, Harum Energy should produce 5.68 million tons of coal during three respective quarters in 2010. In 2011, Harum Energy plans to jack up its coal production to 10 million tons and 13 million tons in 2012.
Source: Insider Stories
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Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
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- Straits Asia Resources Limited - Singapore
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- Wilmar Investment Holdings
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- Makarim & Taira - Indonesia
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- Australian Coal Association
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- Renaissance Capital - South Africa
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- Gujarat Sidhee Cement - India
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- European Bulk Services B.V. - Netherlands
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- Bangladesh Power Developement Board
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- The University of Queensland
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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