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Sunday, 05 August 12
INDONESIA'S ADARO TRIMS PRODUCTION FORECAST, CITES BAD ECONOMY - THE JAKARTA GLOBE
 The Jakarta globe reported that, Adaro Energy, the country’s second-largest coal producer, has cut its annual production forecast to between 48 million metric tons and 51 million tons of coal, citing difficult market conditions.
The company’s original forecast for the year was 50 million to 53 million tons.
“Despite the challenging market conditions, we remain on track to deliver on our long-term strategies to grow and create value. Our response to the economic downturn is not meant to distract us but to focus on our core business,” said Cameron Tough, Adaro’s head of investor relations.
Adaro’s coal production was 12.05 million tons in the second quarter of this year, bringing first-half production to 23.01 million tons, a slight improvement from the 22.81 million tons of coal produced last year, the company said in its quarterly activities report.
The miner saw a 5.1 percent year-on-year decrease in coal sales during the second quarter, while sales for the first half were 23.96 million tons, down from 24.02 million tons.
Analysts in Jakarta said that the domestic coal industry was expected to face tough times due to the economic slowdown in China and India, the two biggest importers of Indonesian coal. Adaro, however, believes that the long-term fundamentals for coal remain intact.
“We believe the recent weakness in the coal price is driven by excess supply, not the lack of demand,” Tough said.
The company has invested $744 million for the acquisition of coal deposits and a logistics company during the past two and a half years and spent $52.2 million for infrastructure projects in the second quarter to support its growth trajectory.
Reza Priyambadha, an analyst at Indosurya Asset Management, suggested that years of strong demand from India and China resulted in an oversupply of coal.
Reza said the slowing global economy caused major industries, including in China, to cut back on production, reducing demand for fuel from coal and natural gas.
Adaro’s net income will probably increase by 3.6 percent this year, according to Bloomberg data, a year after the company saw its profit more than double to $552 million.
Such a turnaround would also affect heavy-equipment businesses that are linked closely with the mining industry.
United Tractors, the heavy-equipment unit of Astra International, revised its sales target for this year to 8,500 units, down from a previous forecast of 9,500 units.
Shares of Adaro closed unchanged at Rp 1,520 on the Indonesia Stock Exchange on Friday.
Source: The Jakarta globe (By - Tito Summa Siahaan)
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Saturday, 25 August 12
FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week the indices showed some signs of improvement will all the segments moving up except for the handy size.
The BDI was marg ...
Saturday, 25 August 12
INDONESIAN COAL SWAP REMAINS STABLE AT LOW LEVEL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery gain 0.804 percent W-o-W on Friday (24 August 2012) closing but lost 0. ...
Thursday, 23 August 12
INDONESIA-INDIA, LARGE ECO SUPRA FIXED AT USD 6K FOR DELIVERY SOUTH CHINA - FEARNLEYS AS
Handy
The market continued the same trend as last week, low activity and holidays in some countries.
Rate wise unchanged, with US Gulf/Continent ...
Thursday, 23 August 12
EGCO GROUP EXPANDS TOWARDS INTEGRATED ENERGY BUSINESS WITH INVESTMENT IN INDONESIAS COAL MINE
Electricity Generating Public Company Limited or EGCO Group, the Thailand’s first Independent Power Producer has continually invaded foreign m ...
Thursday, 23 August 12
EGCO GROUP ANNOUNCES 2 BILLION BAHT PROFITS IN Q2/2012
Successfully Establishes Integrated Energy Business and Strengthen Investments in ASEAN
Mr. Sahust Pratuknukul, President of Electri ...
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- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- London Commodity Brokers - England
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Planning Commission, India
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Australian Coal Association
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
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