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Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
 Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers from India, Thailand and Indonesia.
Adaro has committed itself to delivering up to 2 million tons of coal per year for each buyer, with first delivery due by next December, marketing director Alastair Grant said after the annual shareholders' meeting.
The contracts would last for a total of 15 years, but are subject to review every five years, Grant said.
When asked about the price, Grant refused to give the figures, saying that there was a confidentiality agreement in the contracts.
"We always sell at market price because if we do not, there's either an unhappy buyer who therefore won't take our coal, or an unhappy seller, ourselves, who will try to change it," Grant said.
Grant also refused to reveal the buyers' identity due to the confidentiality agreement. He only said that the buyer companies are the operators of new power plants that would start operation next year.
Grant said the contracts justified the company's prediction that demand from the Asian market would remain strong this year with the operation of new power plants in China, India and Indonesia.
To meet demand, the company will remain on track in raising production to between 42 and 45 million tons of coal this year with 70 percent of the production to be exported, president director Garibaldi Thohir said.
Last year, the company produced 38.5 million ton of coal and exported it mostly to Asian nations like India, Hong Kong, Japan, and to several EU countries, and to the US.
For the selling price, Adaro has targeted an average selling price of between US$52 and $65 a ton this year, higher than $39.5 a ton last year.
Adaro's net profit soared 902 percent to Rp 887 billion (US$87.81 million) last year up from Rp 89 billion in 2007 due to higher selling prices and increased sales volume. Meanwhile its net revenue jumped 82 percent to Rp 4.2 trillion in 2008.
Adaro has forecast double-digit growth in terms of revenue for this year, as evident from its strong showing in the first three-month period when it booked a net profit of Rp 1.15 trillion, a huge rise from the Rp 12 billion in losses a year earlier.
The company managed to sustain growth in the first quarter despite only posting a slight increase in production of between 8 and 9 percent.
Adaro operational director Chia Ah Hoo explained they would make up for the slight rise in first quarter production in the next quarters when there would be less rainfall.
During the shareholders meeting, the company approved the allocation of 42.5 percent of the 2008 net profits, or about, Rp 377.43 billion (US$37.36 million) as dividends, equivalent to Rp 11.8 a share.
Meanwhile, Bloomberg reported also Wednesday that investors in Adaro raised Rp 1.54 trillion selling shares at a 10 percent discount to yesterday's price, citing a sale document.
About 1.25 billion shares exchanged hands on the negotiated market, where investors and exchange members negotiated the price and reported it to the exchange, at Rp 1,230 per share.
Goldman Sachs Group Inc. helped sell the shares for investors including the Government of Singapore Investment Corp. and Goldman Sachs SSG, the document said.
Source: http://www.thejakartapost.com/news/2009/06/04/adaro-secures-three-new-contracts-says-outlook-positive.html
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Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply ga ...
Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry th ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
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- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
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- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
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- Savvy Resources Ltd - HongKong
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
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