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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, 21 April 09
INDONESIAN GOVT TO ALLOW UNDERGROUND MINING IN PROTECTED FORESTS - THE JAKARTA POST
The government will issue a regulation allowing mining companies to carry out underground mining in protected forests.
"This regulation will ...
Tuesday, 21 April 09
INDONESIAN GOVT LIKELY TO MISS INVESTMENT TARGETS FOR ENERGY, MINING - THE JAKARTA POST
The total value of investments in energy and mining sectors by the end of the year is likely to be below the government’s target, as a result of ...
Monday, 20 April 09
INDONESIAN COAL MINING ASSOCIATION CALLED TO CONTROL MINERS - MAJALA TAMBANG
The Indonesian Coal Mining Association (ICMA) is called to expand its membership further in view of controlling the conduct of miners in the nationa ...
Monday, 20 April 09
BANPU PLANS TO SHIP 2 MLN T COAL TO CHINA IN 09 - REUTERS
Banpu, Thailand's largest coal miner, plans to increase coal shipments to China by about 30 percent to 2 million tonnes in 2009, company officials ...
Monday, 20 April 09
INDO TAMBANGRAYA 2009 OUTPUT TO GO UP 16% - THE JAKARTA POST
Indonesia's third largest coal producer, publicly listed PT Indo Tambangraya Megah (ITM), is targeting to raise production by 16 percent this year ...
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- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- MS Steel International - UAE
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Planning Commission, India
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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