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Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an official at the firm said on Tuesday.
"We still believe in double-digit growth for both," said operating director Ah Hoo Chia, when asked about the outlook for revenue and net profit for 2009.
Adaro, which has a market capitalisation of $3.64 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and Indonesian state electricity firm Perusahaan Listrik Negara (PLN). Exports account for 70-72 percent of its sales.
The firm expects to produce 42-45 million tonnes of coal this year, up from 38.5 million tonnes in 2008, and aims to increase production to 80 million tonnes per year in the next five years.
San Miguel Corp of the Philippines is in talks to buy a stake worth about $500 million in Adaro, which Goldman Sachs , Citigroup and hedge fund Farallon plan to sell.
The firm reported a ten-fold increase in net profit last year to 887.2 billion rupiah ($85.63 million) while revenue rose 56 percent to 18.09 trillion rupiah despite a global economic downturn that has led to a sharp drop in commodity prices.
It also turned to a first-quarter net profit of 1.145 trillion rupiah this year from a 12 billion rupiah loss a year earlier, thanks to higher average achieved selling prices of Envirocoal.
Source: http://www.reuters.com/article/rbssEnergyNews/idUSJAK46414020090512
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Wednesday, 03 June 09
KOSEP SEEKS UP TO 3 MLN TONNES OF COAL - REUTERS
Korea South-East Power Co Ltd (KOSEP) has issued four tenders seeking a total of 3 million tonnes of coal for delivery between 2009 to 2011, a tende ...
Wednesday, 03 June 09
POWER DEMAND TO BOOST INDIA COAL IMPORTS DURING MONSOON - STEELGURU
Reuters quoted Indian coal importers said that strong demand for power in India is likely to keep coal imports at the maximum level possible in the ...
Wednesday, 03 June 09
NAPOCOR EXTENDS COAL TENDER FOR SOLE BIDDER - ABS CBNNEWS
National Power Corp. (Napocor), the top Philippine electricity producer, has given the lone bidder at a tender for 195,000 tons of coal more time to ...
Wednesday, 03 June 09
NEWCASTLE COAL EXPORTS JUMP 20 PERCENT; SHIP QUEUE LENGTHENS - BLOOMBERG
Coal exports from Australia’s Newcastle, the world’s biggest export harbor for the fuel, jumped 20 percent last week while the number of ...
Wednesday, 03 June 09
IPL-2 OVER, INDIAN COAL LEAGUE BEGINS IN SOUTH AFRICA - ECONOMICTIME
Steel, cement and power companies, which have traditionally relied on cheap Indonesian coal to fuel their factories, are rushing to buy South Africa ...
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- White Energy Company Limited
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- The University of Queensland
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Planning Commission, India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
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