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Wednesday, 27 April 11
HARUM ENERGY TO PAY RP 659.1B IN DIVIDENDS - THE JAKARTA POST


The Jakarta Post reported that, Indonesian coal miner Harum Energy is planning to pay out Rp 659.1 billion (US$76.46 million) in dividends this year, or 80 percent of its net profits in 2010.

The company, which went public mid last year, recorded in 2010 total net profits of Rp 823.9 billion.

“We will pay dividends worth Rp 244 per share,” Harum Energy managing director Ray Antonio said in Jakarta on Wednesday, as quoted by kontan.co.id.

He said Rp 154.9 billion of the remaining funds would be used to support business development.

Harum Energy had earlier allocated $30 million earned from its initial public offering for capital expenditures this year.
Source: The Jakarta Post



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Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...


Monday, 16 May 11
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Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
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Saturday, 14 May 11
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