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Wednesday, 20 April 11
ADARO TO PAY OUT RP 970B IN DIVIDENDS - THE JAKARTA POST


The Jakarta Post reported that, the annual shareholders meeting of coal producer PT Adaro Energy on Wednesday agreed on the disbursement of Rp 970.77 billion (approximately US$111.64 million) from its net profits last year to pay dividends.

The amount constitutes 43.98 percent of the company’s net profits.

A press statement from the company said Rp 315.06 billion of interim dividends had been paid on Dec. 10, 2010.

This year's dividend payments are the highest Adaro has made after its initial public offering in 2008.

The meeting also agreed on the new members of the board of directors who will serve until 2016. They include president director Garibaldi Thohir; vice president director Christian

Ariano Rachmat and directors Andre J. Mamuaya, Sandiaga Uno, David Tendian, Chia Ah Hoo and M. Syah Indra Aman.
Source: The Jakarta Post



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Thursday, 05 May 11
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark, the Baltic Dry Index (BDI) managed to edge higher yesterday, rising by 1.81% to 1,292 points, in the first po ...


Thursday, 05 May 11
AKR NAMES KARUNIA AS COAL CONTRACTOR
Insider Stories reported that, PT AKR Corporindo Tbk has appointed PT Karunia Bumi Khatulistiwa as the contractor of coal mining concession in North ...


Tuesday, 03 May 11
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With the Baltic Dry Index not trading yesterday, it’s worth taking a step back to see the current freight levels. First of all, capesizes and ...


Tuesday, 03 May 11
THE HANDY MARKET CONTINUED TO SLIDE DOWN - BRS
There were marginal increases in rates for the larger sizes this week, with the Cape index remaining stable and the Panamax index logging a 5% incre ...


Monday, 02 May 11
ADARO POSTS 11.7 PERCENT INCREASE IN REVENUES ON HIGHER PRICES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s second-largest coal producer, PT Adaro Energy Tbk, announced an 11.7 percent increase in net reven ...


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