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Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
 Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, reports Bisnis Indonesia, an Indonesian news paper.
Managing Director of Harum Energy, Ray Antonio Gunara, said the company plans to gradually increase production capacity to 10 million tons this year from 7.4 million tons the previous year. As for next year, the target is to reach 14 million tons.
"Out of the total target of 10 million tons this year, 70% has already been contracted. The price cannot yet be determined because it is set per quarter and dependent on index," he said yesterday.
The company might revise its production target upwards if exploration results indicate higher reserve potential.
"For PT Tambang Batubara Harum (TBH), we expect it to enter production phase before the end of this year. We are still in the construction phase and there are administrative permits that need to be cleared. This year’s production is expected to reach 500,000 tons but it depends on the operation commencement," he explained.
Ray is hoping for a slightly higher sales volume than the production target this year. Last year sales reached 8.3 million tons. "We expect sales and bottom line improvement to equal the rate in the first quarter 2011."
This year, the budgeted capital expenditure is US$ 30 million, among others to be used for road hardening to improve transport quality, the construction of a new coal crusher unit, construction of port facilities at TBH, and increasing the number of tugs and barges fleet.
"The additional expenses will likely be funded from internal sources as the amount is not expected to be large," added Ray.
Up to 31 March 2011, the company recorded revenues of Rp 1,51 trillion or up by 69% from same period 2010 of Rp895 billion.
Net income allocated to entity holders is reported increase by 131% to Rp309 billion compared to same period last year Rp134 billion.
Growth in revenue and net income was primarily due to higher average coal selling price and increase of coal sales volume. Combined sales volume of coal from PT Mahakam Sumber Jaya and PT Santan Batubara reached 2.3 million tons in the first quarter of this year, up from 2.1 million tons in the same period of 2010.
The company’s average selling price of coal was US$88 per ton throughout the 1st Q of 2011 or an increase of 36% compared to same period in 2010 due to the rising trend in global coal prices.
"The average price is expected to increase compared to the achievement in the 1st Q of 2011. The average price of the 1st Q of 2011 was actually a carryover of 2010 contracts.
It is expected that the carryover in the 2nd Q of 2011 could be less, so that the average price could be better.
Source: Bisnis Indonesia
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Sunday, 10 July 11
PTBA INCREASES SHARES IN COAL TRAIN PROJECT - TEMPO INTERACTIVE
TEMPO Interactive reported that, PT Tambang Batubara Bukit Asam (PTBA) is still studying the plan to buy 20 percent of shares in the PT Bukit Asam T ...
Sunday, 10 July 11
DRY BULK MARKET SHOWING SIGNS OF IMPROVEMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Stronger Capesize demand has helped propel the dry bulk market forward this week, with the Baltic Dry Index (BDI) ending yesterday’s session u ...
Sunday, 10 July 11
INDONESIAN BAYAN RESOURCES TO SUPPLY 100 MILLION TONS OF COAL TO INDIAN UNIVERSAL SUCCESS ENTERPRISES LIMITED
Coal miner PT Bayan Resources Tbk (BYAN), that is owned by Dato' Low Tuck Kwong, has entered into a conditional sales and purchase agreement to sup ...
Thursday, 07 July 11
BELOW 5100 COAL WILL BE BANNED FOR EXPORT BY 12 JANUARY 2014
COALspot.com - Indonesian government is in the process of drafting an amendment for government regulation 23/ 2010.
GR 23/2010 has issued to sup ...
Wednesday, 06 July 11
ATLAS RESOURCES TO OFFLOAD 17 PERCENT IPO - INSIDER STORIES
Coking and thermal coal miner PT Atlas Energi Resources aims to offload 17percent new shares of its enlarged capital after Eid-Fitri holidays, as qu ...
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- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
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- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
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