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

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 ...


   1071 1072 1073 1074 1075   
Showing 5361 to 5365 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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