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Monday, 28 March 11
HARUM ENERGY FY10 EARNING UP 7.23% - INSIDER STORIES
Thermal coal producer PT Harum Energy Tbk (HRUM), controlled by Indonesian businessman Kiki Barki through his son Lawrence Barki, posted a slight increase in net income of 7.23% last year as it obtained contributions of net income from two associated companies. as qouted by Insider Stories.
Insider strories further reported, at the operational line, Harum Energy didn't show any shinny performance. Income from operations slightly decreased 6.56%, while revenue retreated 2.39%.
In the financial statement submitted to Indonesia Stock Exchange last week, Harum posted Rp822.94 billion net income last year from Rp767.47 billion in 2009.
Of the earning, the company recorded Rp131.91 billion net income from two associated companies namely coal miner PT Santan Batubara and PT Lotus Coalindo Marine.
Income from operations fell 6.56% to Rp1.14 trillion from Rp1.22 trillion, sending its operating margin lowered to 25.39% from 26.52%. Harum Energy's gross profit was also in a slight decline to Rp1.58 trillion from Rp1.66 trillion. Revenue recorded Rp4.49 trillion, a slight decrease of 2.39% from Rp4.60 trillion.
Associated companies
Harum Energy booked Rp131.91 billion net income contributions from Santan Batubara, with 50% shareholding, and Lotus Coalindo. PT Petrosea Tbk (PTRO), wholly owned subsidiary of PT Indika Energy Tbk (INDY) owns 50% shareholding in Santan Batubara.
Santan batubara contributed Rp125.41 billion net income to both Harum Energy and Petrosea, while Lotus Coalindo contributed Rp6.49 billion net income to Harum Energy.
PT Karunia Bara Perkasa controls 79.72% shareholding in Harum Energy and PT Bara Sejahtera Abadi owns 0.09% shareholding in Harum Energy. Kiki Barki and his son Lawrence Barki are controlling shareholders in Karunia Perkasa and Bara Abadi.
Source: Insider Stories
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Thursday, 19 May 11
INDONESIAN COAL EXPORTS DROP 7.98 PERCENT IN APRIL
COALspot.com - Indonesian coal exports dropped to 2.168 million tons in April, and up 7.13 percent on the year and 7.98 percent below March, a ...
Thursday, 19 May 11
OVERSUPPLY, VERY LARGE ORE CARRIERS EAT UP ON DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a brief upward momentum which ended early last week, the Baltic Dry Index, the dry bulk market’s benchmark has returned to its usual pat ...
Wednesday, 18 May 11
THE US COAL INDUSTRY LOGGED EXPORTS OF AROUND 25M TONNES IN 1Q OF 2011 - BRS
Another slow decline in the bulk markets this week, with the BCI losing the most at nearly 5%, the BPI 2.8% and the smaller sizes sub-1% amounts. Th ...
Wednesday, 18 May 11
AKR AIMS TO SELL COAL WORTH RP216 BILLION - PAPER
Bisnis Indonesia, an Indonesia's one of the leading business paper reported that, PT AKR Corporindo Tbk has targeted coal sales valued at Rp216 bil ...
Wednesday, 18 May 11
OVERHAUL OF MINING LAW MAY DETER INVESTMENT, S&P SAYS - THE JAKARTA GLOBE
The Jakarta Globe, an Indonesian English language news paper reported that, A report by Standard & Poor’s Ratings Services that a regulatory ...
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- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
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- Australian Commodity Traders Exchange
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- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Parliament of New Zealand
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- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
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- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
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- Trasteel International SA, Italy
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- Krishnapatnam Port Company Ltd. - India
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- Romanian Commodities Exchange
- Independent Power Producers Association of India
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- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
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- Eastern Coal Council - USA
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- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
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- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
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- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
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- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Planning Commission, India
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- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
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- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
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- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
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- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Anglo American - United Kingdom
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