We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 23 May 11
BRMS IS TO START PRODUCTION FROM DAIRI PRIMA MINERALS
COALspot.com - The Presidential Decree No. 28 Year 2011 that allows conditional underground mining in the protected forest areas was issued on 19th ...
Sunday, 22 May 11
INDONESIA - INDIA IS LIKELY TO BE STEADY NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market remained soft beginning of the week, however second half of the week was firm with BDI up by 3.29 pct and closed a ...
Saturday, 21 May 11
OWNERS PREFER TO DO INDO COAL OR NICKEL ORE TO CHINA RATHER THAN GOING TO INDIA - FEARNBULK
Handy
The Atlantic is marked by volatility and very positional, nevertheless USG,NCSA, Cont remain strong thanks to the petcoke, grains and scrap ...
Friday, 20 May 11
GOVT TOLD TO LIMIT COAL, GAS EXPORTS - THE JAKARTA POST
The Jakarta Post, a leading news paper in Indonesia, reported that, Amid soaring global oil prices, the government should limit exports of coal and ...
Thursday, 19 May 11
INDONESIAN COAL EXPORTS DROP 7.98 PERCENT IN APRIL
COALspot.com - Indonesian coal exports dropped to 2.168 million tons in April, and up 7.13 percent on the year and 7.98 percent below March, a ...
|
|
|
Showing 5251 to 5255 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- The University of Queensland
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
|
| |
| |
|
