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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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Friday, 22 April 11
DRY BULK MARKET KEEPS FALLING, NOW AT TWO-MONTH LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems unable at the moment to recover from the weight of newbuilding deliveries, resulting in too many ships competing for fewer ...
Wednesday, 20 April 11
TNPL SECURED 160K MT OF COAL WITH CALORIFIC VALUE 6000 GAD AT US$ 93.44 PMT
COALspot.com - Delhi based Knowledge Infrastructure Systems Pvt. Ltd once again offered the lowest price of US$ 93.44 per metric ton for calorific v ...
Wednesday, 20 April 11
TSI LAUNCHES GEO-COAL UPGRADING TECHNOLOGY
Simple yet effective process boosts calorific value of low rank coal to provide lower cost energy across the world.
Press Release - Total Sinergy ...
Wednesday, 20 April 11
ADARO TO PAY OUT RP 970B IN DIVIDENDS - THE JAKARTA POST
The Jakarta Post reported that, the annual shareholders meeting of coal producer PT Adaro Energy on Wednesday agreed on the disbursement of Rp 970.7 ...
Wednesday, 20 April 11
INDIA IMPORTS MORE COAL FROM INDONESIA
COALspot.com - Indonesian coal exports jumped 23.31 percent during March 2011. The world’s largest coal exporter shipped 27, ...
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- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
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