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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, 25 August 10
BUKIT ASAM OUT TO BECOME BIGGEST COAL PRODUCER
The Jakarta Post reported that, State-owned PT Batubara Bukit Asam Tbk intends to become the country's biggest coal producer in 2016 with productio ...
Wednesday, 25 August 10
GOVT SHOULD ALLOW DUTY-FREE IMPORT OF THERMAL COAL: ASSOCHAM
Industry body Assocham Wednesday said the government should allow duty free import of thermal coal to bring down power tariffs in the country.
&q ...
Wednesday, 25 August 10
INDIAS ADANI GROUP TO BUILD COAL RAILWAY IN INDONESIA
COALspot.com: India’s Adani Group, Indonesia’s state coal producer PT Tambang Batubara Bukit Asam (PTBA), and the South Sumatra provinci ...
Wednesday, 25 August 10
CME GROUP WILL LAUNCH NEW COAL CONTRACTS
Press Release: CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of trading and clearing ser ...
Tuesday, 24 August 10
INDIA IMPORTS 1.3 MILLION TONS COAL LAST WEEK
COALspot.com: India has imported 1.3 million tons of non - Coking coal and 468,229 Mt of coking coal for the period 16 - 22 August 2010 ...
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- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Planning Commission, India
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
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