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Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
 The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand picked up in line with the start of the global economic recovery.
PT Adaro Energy, the country’s third-largest coal producer, announced on Wednesday that net profit more than quadrupled to a record high of Rp 4.4 trillion ($484 million) last year from Rp 887 billion in 2008.
Meanwhile, PT Bayan Resources, one of the top 10 producers, said in a statement that net profit soared to Rp 136.29 billion from Rp 20.71 billion.
Ario Rachmat, Adaro Energy’s vice president director, attributed the profit growth to higher average selling prices of coal as well as increased production.
He said that although demand was weak in the first quarter of 2009, conditions improved in the second half of the year, with greater demand pushing prices higher and increasing revenue.
Adaro’s average selling price last year was $59.3 per ton, up 52 percent from $39 per ton in 2008. The price realized last year was based on a contract made in 2008.
In 2009, Adaro’s revenue grew 49 percent to Rp 26.9 trillion.
Bayan’s revenue rose 59 percent to Rp 7.75 trillion last year from Rp 4.88 trillion in 2008.
Weather conditions last year were favorable for coal miners. Adaro’s production increased to 40.6 million tons from 38.5 million tons a year previously.
The Jakarta-listed company has said it aimed to increase production by 10 percent this year and planned capital expenditure of $300 million to $350 million to help achieve that target.
Adaro said it had signed an agreement with global mining giant BHP Billiton to develop BHP’s mines jointly in Indonesia. Adaro will get shares in BHP’s coal-mining units, including PT Maruwai Coal, PT Juloi Coal, PT Kalteng Coal, PT Sumber Barito Coal, PT Lahai Coal, PT Ratah Coal and PT Pari Coal.
“We will have 25 percent stakes in each of the mines,” said Andre Mamuaya Adaro’s corporate secretary.
Frederick Daniel Tanggela, an analyst at PT Sucorinvest Central Gani, said the coal industry was expected to suffer a slowdown this year because of lower prices.
He said Adaro’s higher production would offset the lower prices, allowing the company to enjoy higher revenue. “But we project that Adaro’s net profit will decline by 5 percent this year,” he said.
Meanwhile, PT Energy Mega Persada, an oil and gas company affiliated with the Bakrie group, reported that its net loss in 2009 widened to Rp 1.7 trillion from a Rp 35 billion loss in 2008 because of a lower realized oil price.
Revenue dropped by 22 percent to Rp 1.44 trillion from Rp 1.85 trillion, it said.
“The oil price dropped by 38 percent last year compared with 2008,” said Imam Agustino, president director of Energy Mega Persada.
Source: The Jakarta Globe ( By: Yessar Rosendar)
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Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
Saturday, 10 April 10
VESSELS OPEN N. CHINA WERE SEEN FIXED AT HIGH TEENS FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SINGAPORE
COALspot.com: The BDI indices was almost at same levels was down by only 2.6 pct.
The cape index was down by almost 13 pct, which appears to be s ...
Saturday, 10 April 10
KRISHNAPATNAM PORT GROWS BY ALMOST 100% IN ITS SECOND YEAR OF OPERATIONS
COALspot.com ( Press Release): It has been a year of setting numerous records for Krishnapatnam Port. Krishnapatnam Port is only in its second year ...
Saturday, 10 April 10
TRANS-ASIA SEEKS SEMIRARA, INDO SUPPLIERS FOR COAL POWER PLANT - MANILA STANDARD TODAY
Manila Standard Today reported that, Trans-Asia Oil & Energy Development Corp., a unit of the Phinma Group, will tap Semirara Mining Corp. ...
Thursday, 08 April 10
THE FAR EAST SHIPPING MARKET FIRMING SINCE THE LAST WEEK
Handy
Little fresh interest early this week after the holidays. The BSI saw yest ...
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- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Australian Coal Association
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
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