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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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Monday, 20 June 11
KPCL SETS ALL INDIA & POSSIBLY A WORLD RECORD FOR COAL DISCHARGING
COALspot.com - Krishnapatnam Port has set an all India record for discharging 95,528 tons of steam coal in just 24 hrs using the conventional unload ...
Monday, 20 June 11
5TH ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2011 IS ON THE WAY
Press Release - Since the beginning of 2011, international commodity price has been in a high level, resulting in “TENSION” of energy co ...
Sunday, 19 June 11
S6 AND S7 ROUTES LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market seemed to be stabilizing and the BDI and Cape index was up marginally and closed at 1,423 points and 1,824 points ...
Sunday, 19 June 11
BUMI 1Q NET PROFIT INCREASES 16.5 PERCENT
PT Bumi Resources Tbk (BUMI), Indonesia's largest coal exporter that is 25% owned by London-listed Vallar Plc, reported a16.49% increase in net pro ...
Friday, 17 June 11
DRY BULK BREATHES SIGH OF RELEAF ON RENEWED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has caught a sign of relief from the middle of the week onwards, as the BDI (Baltic Dry Index) increased once again yesterday, t ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
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- Sinarmas Energy and Mining - Indonesia
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- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
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- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
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- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
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