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Monday, 15 August 11
ADARO ENERGYS NET INCOME MORE THAN DOUBLES IN FIRST HALF 2011
 COALspot.com - Indonesian’s second largest coal producer, Adaro Energy, booked net profit US$ 268 million in the first half 2011, rose two-fold from the same period of the last year and hit to a record. The strong net income was bolstered by higher production volume combined with higher average selling prices, despite an increase in the cost of revenue.
Adaro’s net revenue increased 36 percent to US$ 1.8 billion while cost of revenue at a lesser rate of 34 percent to US$ 1.2 billion, according financial press release of company, today.
“We are delighted with our record first half earnings, driven by the solid performance of our operations and higher realized prices. The outlook for coal remains robust. We remain on track to achieve our full year production target of 46-48 million tones and deliver a healthy EBITDA of US$ 1.1-1.3 billion,” said Garibaldi Thohir, president director of Adaro Energy.
According Garibaldi, Adaro performance during the second quarter of 2011 had a record due to the arrival of new and larger heavy equipment combined with Adaro contractors’ good performance. Adaro production and sales volume for 1H-2011 has increased 5.5 percent and 10.4 percent to 22.81 million tones and 24.02 million tones compared to 1H2010.
Meanwhile, the average selling price also climbed 23 percent due to higher thermal coal prices. Cash cost (excluding royalty) increased 23 percent to US$ 40 per tonne due to the higher planned strip ratio, longer overburden hauling distances, and rising fuel costs. “However, we continue maintain a healthy industry topping EBITDA margin of 35%,” Garibaldi added.
Coal Mining and Trading
PT Adaro Indonesia (AI), remained the largest revenue contributor Adaro Energy, accounting for 92% of net revenue, while trading division of Adaro Energy, Coaltrade Services International Pte. Ltd. (CTI), contributed a small part of the coal mining and trading segment. accordign to report.
Mining Services
PT Saptaindra Sejati (SIS), mining services division of Adaro Energy, recorded 1H11 revenue of US$190.4 million, a 29% increase over the same period of last year. SIS’s higher revenue is attributable to increased overburden removal and coal getting volumes following the arrival of new and larger heavy equipment, the report says.
To contact the reporter responsible on this story: Efendi at efendi@coalspot.com
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Friday, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...
Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
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- The Treasury - Australian Government
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
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