COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Sunday, 20 March 11
FREIGHT MARKETS COULD SOFTEN NEXT WEEK DUE TO JAPANESE PORTS CLOSURE AND LIBYAN CRISIS - VISTAAR
COALspot.com - The BDI was down by 1.98 pct (closing at 1531 points) mainly due to Cape index which was down by almost 11 pct and closed 1687 points ...


Friday, 18 March 11
FALL IN INDONESIAN COAL EXPORTS IN FEBRUARY 11
COALspot.com -  Indonesian coal exports seen a fall of 10.76% during Feb 2011. The world’s largest coal exporter shipped 22.029 MMts of c ...


Thursday, 17 March 11
THE PACIFIC HANDY MARKET IS CURRENTLY STEADY - FEARNBULK
Handy The Atlantic market is showing signs of recovery and does not seem to be affected by the Japan disaster. The market is very positional and i ...


Tuesday, 15 March 11
COAL PRODUCTION FORECAST TO SURGE ON RISING PRICES - THE JAKARTA GLOBE
The Jakarta Globe  reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to ...


Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community. The iron ore spot market is growing at a ...


   1067 1068 1069 1070 1071   
Showing 5341 to 5345 news of total 6871
News by Category
Popular News
 
Total Members : 28,632
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • JPower - Japan
  • EMO - The Netherlands
  • Indian Oil Corporation Limited
  • Banpu Public Company Limited - Thailand
  • Arch Coal - USA
  • Coal India Limited
  • ETA - Dubai
  • TNB Fuel Sdn Bhd - Malaysia
  • GN Power Mariveles Coal Plant, Philippines
  • Gujarat Electricity Regulatory Commission - India
  • ACC Limited - India
  • Trasteel International SA, Italy
  • DBS Bank - Singapore
  • CoalTek, United States
  • Sindya Power Generating Company Private Ltd
  • Orica Australia Pty. Ltd.
  • Australian Coal Association
  • Platts
  • Altura Mining Limited, Indonesia
  • CIMB Investment Bank - Malaysia
  • Maersk Broker
  • Maybank - Singapore
  • Goldman Sachs - Singapore
  • Asia Cement - Taiwan
  • Petrosea - Indonesia
  • Indonesia Power. PT
  • The University of Queensland
  • Inco-Indonesia
  • Meenaskhi Energy Private Limited - India
  • Xstrata Coal
  • Maheswari Brothers Coal Limited - India
  • Ernst & Young Pvt. Ltd.
  • Semirara Mining and Power Corporation, Philippines
  • Asian Development Bank
  • Eastern Coal Council - USA
  • Bhushan Steel Limited - India
  • Edison Trading Spa - Italy
  • APGENCO India
  • Mitsubishi Corporation
  • Enel Italy
  • Vale Mozambique
  • UOB Asia (HK) Ltd
  • The Treasury - Australian Government
  • IBC Asia (S) Pte Ltd
  • Grasim Industreis Ltd - India
  • Ministry of Mines - Canada
  • Global Coal Blending Company Limited - Australia
  • The State Trading Corporation of India Ltd
  • Standard Chartered Bank - UAE
  • Africa Commodities Group - South Africa
  • Electricity Generating Authority of Thailand
  • Central Java Power - Indonesia
  • Dalmia Cement Bharat India
  • NALCO India
  • KPMG - USA
  • Freeport Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Essar Steel Hazira Ltd - India
  • Glencore India Pvt. Ltd
  • Interocean Group of Companies - India
  • Berau Coal - Indonesia
  • Malabar Cements Ltd - India
  • Minerals Council of Australia
  • Maruti Cements - India
  • Rashtriya Ispat Nigam Limited - India
  • Coal and Oil Company - UAE
  • Georgia Ports Authority, United States
  • Bayan Resources Tbk. - Indonesia
  • Jindal Steel & Power Ltd - India
  • globalCOAL - UK
  • Parry Sugars Refinery, India
  • Adaro Indonesia
  • Formosa Plastics Group - Taiwan
  • Miang Besar Coal Terminal - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Bank of America
  • GAC Shipping (India) Pvt Ltd
  • Leighton Contractors Pty Ltd - Australia
  • KEPCO - South Korea
  • Kapuas Tunggal Persada - Indonesia
  • J M Baxi & Co - India
  • SRK Consulting
  • South Luzon Thermal Energy Corporation
  • UBS Singapore
  • Noble Europe Ltd - UK
  • Madhucon Powers Ltd - India
  • Coal Orbis AG
  • Directorate Of Revenue Intelligence - India
  • SN Aboitiz Power Inc, Philippines
  • Vizag Seaport Private Limited - India
  • New Zealand Coal & Carbon
  • Baramulti Group, Indonesia
  • Barasentosa Lestari - Indonesia
  • Bukit Makmur.PT - Indonesia
  • India Bulls Power Limited - India
  • McConnell Dowell - Australia
  • Sical Logistics Limited - India
  • Pinang Coal Indonesia
  • Xindia Steels Limited - India
  • Meralco Power Generation, Philippines
  • Bharathi Cement Corporation - India
  • Global Green Power PLC Corporation, Philippines
  • Bulk Trading Sa - Switzerland
  • Mintek Dendrill Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Cebu Energy, Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • Chettinad Cement Corporation Ltd - India
  • Siam City Cement PLC, Thailand
  • Ministry of Transport, Egypt
  • Vijayanagar Sugar Pvt Ltd - India
  • Makarim & Taira - Indonesia
  • World Coal - UK
  • Sojitz Corporation - Japan
  • Bhoruka Overseas - Indonesia
  • TRAFIGURA, South Korea
  • Sucofindo - Indonesia
  • Panama Canal Authority
  • MS Steel International - UAE
  • World Bank
  • Indian School of Mines
  • ASAPP Information Group - India
  • Aditya Birla Group - India
  • Thomson Reuters GRC
  • Bangkok Bank PCL
  • McKinsey & Co - India
  • Surastha Cement
  • Latin American Coal - Colombia
  • Rudhra Energy - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Posco Energy - South Korea
  • Riau Bara Harum - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • SMC Global Power, Philippines
  • Samsung - South Korea
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Samtan Co., Ltd - South Korea
  • PLN Batubara - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Cemex - Philippines
  • Bangladesh Power Developement Board
  • Indogreen Group - Indonesia
  • Kaltim Prima Coal - Indonesia
  • TeaM Sual Corporation - Philippines
  • GNFC Limited - India
  • Total Coal South Africa
  • Kohat Cement Company Ltd. - Pakistan
  • Peabody Energy - USA
  • Reliance Power - India
  • Parliament of New Zealand
  • Port Waratah Coal Services - Australia
  • Mechel - Russia
  • NTPC Limited - India
  • Uttam Galva Steels Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • SMG Consultants - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • PTC India Limited - India
  • Heidelberg Cement - Germany
  • Directorate General of MIneral and Coal - Indonesia
  • Inspectorate - India
  • Thiess Contractors Indonesia
  • OCBC - Singapore
  • Mjunction Services Limited - India
  • Binh Thuan Hamico - Vietnam
  • RBS Sempra - UK
  • GHCL Limited - India
  • BRS Brokers - Singapore
  • Ceylon Electricity Board - Sri Lanka
  • Ince & co LLP
  • European Bulk Services B.V. - Netherlands
  • Bukit Baiduri Energy - Indonesia
  • Eastern Energy - Thailand
  • TNPL - India
  • Globalindo Alam Lestari - Indonesia
  • Orica Mining Services - Indonesia
  • PetroVietnam
  • Salva Resources Pvt Ltd - India
  • PLN - Indonesia
  • Indorama - Singapore
  • Gresik Semen - Indonesia
  • Thermax Limited - India
  • Adani Power Ltd - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Videocon Industries ltd - India
  • IHS Mccloskey Coal Group - USA
  • Straits Asia Resources Limited - Singapore
  • Kepco SPC Power Corporation, Philippines
  • Siam City Cement - Thailand
  • Electricity Authority, New Zealand
  • Larsen & Toubro Limited - India
  • CESC Limited - India
  • Sakthi Sugars Limited - India
  • Barclays Capital - USA
  • Attock Cement Pakistan Limited
  • GB Group - China
  • IMC Shipping - Singapore
  • Core Mineral Indonesia
  • Vedanta Resources Plc - India
  • Romanian Commodities Exchange
  • Antam Resourcindo - Indonesia
  • JPMorgan - India
  • Iligan Light & Power Inc, Philippines
  • Moodys - Singapore
  • Mercuria Energy - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • BNP Paribas - Singapore
  • Ministry of Finance - Indonesia
  • Chamber of Mines of South Africa
  • Kumho Petrochemical, South Korea
  • Coalindo Energy - Indonesia
  • Cargill India Pvt Ltd
  • OPG Power Generation Pvt Ltd - India
  • HSBC - Hong Kong
  • CNBM International Corporation - China
  • Shenhua Group - China
  • ANZ Bank - Australia
  • Neyveli Lignite Corporation Ltd, - India
  • Bank of China, Malaysia
  • Thriveni
  • Tata Power - India
  • Cosco
  • TGV SRAAC LIMITED, India
  • Jaiprakash Power Ventures ltd
  • Central Electricity Authority - India
  • Geoservices-GeoAssay Lab
  • Simpson Spence & Young - Indonesia
  • Tamil Nadu electricity Board
  • Kideco Jaya Agung - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Borneo Indobara - Indonesia
  • Mitsui
  • ICICI Bank Limited - India
  • Tata Chemicals Ltd - India
  • The India Cements Ltd
  • Gupta Coal India Ltd
  • Sree Jayajothi Cements Limited - India
  • Agrawal Coal Company - India
  • Platou - Singapore
  • Economic Council, Georgia
  • Indian Energy Exchange, India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Deutsche Bank - India
  • Kobe Steel Ltd - Japan
  • Holcim Trading Pte Ltd - Singapore
  • Jorong Barutama Greston.PT - Indonesia
  • Marubeni Corporation - India
  • Toyota Tsusho Corporation, Japan
  • AsiaOL BioFuels Corp., Philippines
  • White Energy Company Limited
  • Therma Luzon, Inc, Philippines
  • Rio Tinto Coal - Australia
  • KPCL - India
  • Wood Mackenzie - Singapore
  • Wilmar Investment Holdings
  • bp singapore
  • Mercator Lines Limited - India
  • WorleyParsons
  • Runge Indonesia
  • Renaissance Capital - South Africa
  • Vitol - Bahrain
  • Qatrana Cement - Jordan
  • London Commodity Brokers - England
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • MEC Coal - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Deloitte Consulting - India
  • Semirara Mining Corp, Philippines
  • LBH Netherlands Bv - Netherlands
  • Japan Coal Energy Center
  • Energy Development Corp, Philippines
  • Merrill Lynch Bank
  • IOL Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Lafarge - France
  • KOWEPO - South Korea
  • Australian Commodity Traders Exchange
  • Star Paper Mills Limited - India
  • Mitra SK Pvt Ltd - India
  • Merrill Lynch Commodities Europe
  • Gujarat Sidhee Cement - India
  • Arutmin Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Indonesian Coal Mining Association
  • SASOL - South Africa
  • Energy Link Ltd, New Zealand
  • Petron Corporation, Philippines
  • Russian Coal LLC
  • Independent Power Producers Association of India
  • Savvy Resources Ltd - HongKong
  • Shree Cement - India
  • Planning Commission, India
  • Bhatia International Limited - India
  • U S Energy Resources
  • Britmindo - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Maharashtra Electricity Regulatory Commission - India
  • Thai Mozambique Logistica
  • Fearnleys - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Coaltrans Conferences
  • SGS (Thailand) Limited
  • Thailand Anthracite
  • Sinarmas Energy and Mining - Indonesia
  • PowerSource Philippines DevCo
  • Cardiff University - UK
  • EIA - United States
  • Aboitiz Power Corporation - Philippines
  • Sarangani Energy Corporation, Philippines
  • TANGEDCO India
  • Timah Investasi Mineral - Indoneisa
  • Carbofer General Trading SA - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Billiton Holdings Pty Ltd - Australia
  • Commonwealth Bank - Australia
  • Credit Suisse - India
  • Intertek Mineral Services - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Argus Media - Singapore
  • Singapore Mercantile Exchange
  • Karaikal Port Pvt Ltd - India
  • Jatenergy - Australia
  • Idemitsu - Japan
  • Indo Tambangraya Megah - Indonesia
  • Global Business Power Corporation, Philippines
  • Tanito Harum - Indonesia
  • IEA Clean Coal Centre - UK
  • Power Finance Corporation Ltd., India
  • Permata Bank - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • CCIC - Indonesia
  • Ambuja Cements Ltd - India
  • Infraline Energy - India
  • GVK Power & Infra Limited - India
  • Malco - India
  • Price Waterhouse Coopers - Russia
  • Anglo American - United Kingdom
  • Coeclerici Indonesia
  • Clarksons - UK
  • Coastal Gujarat Power Limited - India
  • VISA Power Limited - India
  • San Jose City I Power Corp, Philippines
  • Ind-Barath Power Infra Limited - India
  • SUEK AG - Indonesia
  • Indika Energy - Indonesia
  • Metalloyd Limited - United Kingdom
  • Lanco Infratech Ltd - India
  • Alfred C Toepfer International GmbH - Germany
  • GMR Energy Limited - India
  • Asmin Koalindo Tuhup - Indonesia
  • Humpuss - Indonesia
  • Medco Energi Mining Internasional
  • Cement Manufacturers Association - India
  • Oldendorff Carriers - Singapore
  • ING Bank NV - Singapore