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Wednesday, 13 May 09
ADARO, ITM EXPECT COAL GROWTH IN 2009
Adaro, which has a market capitalization of $3.64 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and state utility PT Perusahaan Listrik Negara (PLN).
It expects to produce between 42 and 45 million tons of coal this year, up from 38.5 million tons in 2008, and aims to increase production to 80 million tons per annum during the next five years. Adaro supplies coal for Asian nations like India, Hong Kong and Japan; several EU countries like UK, Italy and Spain; and to the United States east coast.
"This year is for sure even better than last year," he said.
Benefiting from higher coal prices is another publicly listed coal mining company PT Indo Tambangraya Megah (ITM), the country's third largest, and the Indonesian subsidiary of Thailand's Banpu Pcl.
In the January-March period, the company booked a whopping 437 percent increase in net profits from a year earlier as higher selling prices offset lower sales volume.
"The price of coal has jumped to US$85 per ton from $50 per ton during the middle and the end of last year," ITM president director, Somyot Ruchiwarat, said Tuesday.
Net profits rose to $102 million from $19 million a year earlier on higher sales which rose from $219 million to $347 million. "The higher price offset our volume which dropped by 0.3 million tons from last year," Sumyot said.
For this year, sales are forecast to rise between $1.33 billion and $1.54 billion compared to $1.32 billion in 2008.
Despite lower production in the first quarter, the company is upbeat that coal production would increase in the coming period.
"Production may climb between 20 and 25 percent next year from about 20.5 million metric tons this year," Somyot said. The firm mined 17.8 million tons of coal in 2008.
The additional output would be secured in part from a new mining site located in the eastern part of the existing Indominco block in Kalimantan, which is expected to enter production in the second half with a capacity of 2 million tons.
In support of fulfilling this year's production target of 20.5 million tons, the company has as of April secured 95 percent of targeted coal contracts. (naf)
Source: The jakarta Post
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Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
Friday, 15 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
ENERGY and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
Thursday, 14 May 09
INDONESIA 2009 COAL OUTPUT REVISED DOWN - REUTERS
* Indonesia coal output seen at 240 million tonnes in 2009
* Coal exports down 11.2 pct to 44.79 mln tonnes in Q1 2009
* Production down 1.4 pct t ...
Thursday, 14 May 09
PAKISTAN WILL IMPORT 3.2 MILLION TON OF COAL IN 2009 - SEATRADE
COALspot.com (Pakistan) - SEATRADE Group of pakistan a single largest imported coal supplier in Pakistan, forecasting Pakistan steam coal imports wi ...
Wednesday, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a ...
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- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Australian Coal Association
- Planning Commission, India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- London Commodity Brokers - England
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Economic Council, Georgia
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
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