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Sunday, 01 November 09
INDONESIA ADARO Q3 NET PROFIT JUMPS ON COAL DEMAND
* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah
Reuters reported that, Indonesia's largest coal producer by market value PT Adaro Energy Tbk posted a 131.6 percent increase in its third quarter net profit, based on Reuters calculations, amid increasing coal demand for both exports and domestic use.
Adaro, which has a market capitalisation of $5.14 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and Indonesian state electricity firm Perusahaan Listrik Negara (PLN). Exports account for more than 70 percent of its sales. The firm had said that the demand for its coal strengthened at the end of June and expected the trend to continue until the end of the year with increasing sales to Asian customers.
Adaro posted a 58.9 percent increase of coal exports and 55.7 percent increase of domestic coal sales in the July-September period. Its net profit grew 131.6 percent to 1.27 trillion rupiah from 546.5 billion rupiah a year ago, while the revenue jumped 56.8 percent to 7.12 trillion rupiah.
The figures were based on Reuters calculations from the nine-months and first-half earnings published by the company. Adaro aims to produce 42-45 million tonnes of coal this year, up from 38.5 million tonnes in 2008, and to raise production to 80 million tonnes per year in the next five years. With higher sales volume, Adaro has forecast double-digit growth in revenue and net profit this year. Shares in Adaro closed at 1,540 rupiah on Friday.($1 = 9,540 rupiah)
Source: Reuters
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Wednesday, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...
Monday, 20 September 10
MMTC SEEKS TO BUY 1.3 MT OF COAL FOR INDIA UTILITIES - SXCOAL
MMTC Ltd., India’s largest state- owned trading company, is seeking bids for the supply of 1.3 million tonnes of coal to feed power plants run ...
Monday, 20 September 10
KANGAROO RESOURCES SIGNS PARTNERSHIP WITH ASEAMCO FOR INDONESIAN COAL ASSETS - PROACTIVE INVESTORS
International coal producer Kangaroo Resources (ASX: KRL) has completed a new three-year agreement with Australian mining consultants ASEAMCO to del ...
Monday, 20 September 10
ICVL LOOKS FOR COAL ASSETS IN UZBEK, INDONESIA, AUSTRALIA - ECONOMIC TIMES
Economic Times reported that, International Coal Ventures, or ICVL, the special purpose vehicle floated by five state-owned firms to scout for coal ...
Monday, 20 September 10
IRON-ORE SHIPPING DEMAND MAY GAIN ONCE CHINA STEEL CUTS FINISH, SSY SAYS
Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the r ...
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- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
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