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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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Monday, 28 February 11
COAL INDIA HIKES PRICES BY 12% FOR SELECT CONSUMERS - ECONOMIC TIMES
Economic Times reported that, Coal India has raised prices by an average 12% for some of its consumers from Sunday, boosting its revenue by 6,000 cr ...
Saturday, 26 February 11
CIL TO HIKE COAL PRICES BY 15 PC FROM TONIGHT - THE TIMES OF INDIA
The Times of India reported that, an Indian State-run coal producer, Coal India will raise the price of coal on an average by about 15 per cent with ...
Saturday, 26 February 11
SUPRAMAX INDEX WAS UP ABOUT 10 PERCENT THIS WEEK - VISTAAR
COALspot.com - The market started on a weak note and seemed to have lost the momentum seen the previous week. The main sectors affected were Cape an ...
Saturday, 26 February 11
PEABODY ENERGY ENTERS INTO COAL SOURCING AGREEMENT ACCESSING INDONESIAN COAL FOR EXPORT
Peabody Energy today said it has entered into an agreement with Indonesia's PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asi ...
Thursday, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...
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- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
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