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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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Tuesday, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...
Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining ...
Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...
Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp. plans to expand its operations this year to ensure the steady supply of coal and fur ...
Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...
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- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
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