Harum Energy
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Harum Energy is an Indonesian coal mining company. Indonesia coal baron Kiki Barki retained a majority stake in the company after its October 2010 public listing on the stock exchange.[1] In 2010 the company produced 7.4 million tonnes of thermal coal from its two operating coal projects.[2]
Contents
Indonesian projects
PT Harum Energy's subsidiaries coal mining concession areas cover a combined area of approximately 47,000 hectares in East Kalimantan. The companies three operations are conducted through subsidiaries which are:
- PT Mahakam Sumber Jaya's (MSJ) mining operations, which commenced in 2004, are located approximately 55 kilometers north of Samarinda. The mine produced 5.3 million tonnes in 2010.[2] The mining contract area covers 20,380 hectares.[3] In June 2010 MSJ entered into an agreement with PT Leighton Contractors Indonesia "on a 6-year mining
contract extension for an aggregate contract value of approximately US$ 1 billion."[2] The mining contract area covers 20,380 hectares.[4]
- PT Santan Batubara's (SB) mining operations, which commenced in 2009, are located approximately 25 kilometers north of Samarinda. The mining contract area covers 24,930 hectares.[5] The mine produced 2.1 million tonnes in 2010.[2]
- PT Tambang Batubara Harum's (TBH) mining operation, which is currently under construction, is located approximately 35 km west of Sangatta. The mining contract area covers 1,886 hectares.[5]
Coal transport infrastructure
Coal from the companies operating mines are exported from the Separi Coal Port where the company's processing plant has an annual export capacity of 20 million tonnes.[6] In 2009 the company bought the coal barging and transshipment company, PT Layar Lintas Jaya (LLJ). In its 2010 annual report the company states that LLJ owns and operates "a fleet of tugboats, barges and transshipment assets, including floating cranes."[7] The company also stated that "all run-of-mine coal from MSJ and SB is transported to the Separi barge loading facility. After crushing, coal is then loaded onto barges and transported to the open sea transshipment anchorages either at Muara Jawa (approximately 143 km) or Muara Berau (approximately 265 km). The coal is then transferred into the customer’s vessel using cranes. Barging and transshipment operations including floating crane activities are primarily conducted by LLJ.""[5]
In its 2010 annual report the company states that its exports have "been directed primarily at the thermal coal buyers in the established coal importing markets of Japan, South Korea and Taiwan, and most recently China and India."[8] The company states that in 2010 "almost 30% of the Company's coal sales volume in 2010 was exported to China."[9]
Australian coal interests
As of October 2010 Harum Energy is the fifth largest shareholder, with a 4.7% stake, in the Australian coal company, Cockatoo Coal.[10]
Contact details
Website: http://www.harumenergy.com/
Articles and resources
References
- ↑ "Indonesia's 40 Richest: #11 Kiki Barki", Forbes, accessed August 2011.
- ↑ 2.0 2.1 2.2 2.3 Harum Energy, "Annual Report 2010", 2011, page 32. (Pdf)
- ↑ Harum Energy, "Annual Report 2010", 2011, page 16. (Pdf)
- ↑ Harum Energy, "Annual Report 2010", 2011, page 12. (Pdf)
- ↑ 5.0 5.1 5.2 Harum Energy, "Annual Report 2010", 2011, page 32. (Pdf) Cite error: Invalid
<ref>tag; name "AR20105" defined multiple times with different content - ↑ Harum Energy, "Annual Report 2010", 2011, page 12. (Pdf)
- ↑ Harum Energy, "Annual Report 2010", 2011, page 16. (Pdf)
- ↑ Harum Energy, "Annual Report 2010", 2011, page 14. (Pdf)
- ↑ Harum Energy, "Annual Report 2010", 2011, page 27. (Pdf)
- ↑ Cockatoo Coal, "Top 20 shareholders", Cockatoo Coal website, October 20, 2010.
