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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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Tuesday, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.
"Arutmin is being impacted by ...
Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respe ...
Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under Ministry of Commerce, has invited Expression of Interest from coal suppliers ...
Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...
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- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Australian Coal Association
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