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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.($1 = 9,540 rupiah)
Source: Reuters
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Thursday, 17 June 10
INDONESIAN COAL PRICE REFERENCE FOR JUNE IS US$ 97.22/TON UP 5.59 PERCENT
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has been publishing a monthly coal price reference (HBA) to be us ...
Thursday, 17 June 10
COAL EXPLORATION & DEVELOPMENTS HOTPOTS CONFERENCE
Press Release: The Coal Exploration and Developments Hotspots conference will bring together a panel of more than 20 of the world’s lead ...
Thursday, 17 June 10
AUSTRALIA'S LEIGHTON WINS $1.3 BILLION OF NEW WORK - THE JAKARTA POST
Australian construction and contract mining group Leighton Holdings Ltd. said Thursday it has won 1.5 billion Australian dollars ($1.3 billion) of n ...
Wednesday, 16 June 10
INDONESIAS STATE OWNED ELECTRICITY COMPANY WILL CONSUME 95.30 MILLION TONS OF COAL IN 2014
COALspot.com: Indonesia's state owned electricity company forecasted its coal requirement in 2014 would be around 95 million tons.  ...
Wednesday, 16 June 10
MADHYA PRADESH GOVT IMPORT 50K METRIC TONNES OF COAL FROM INDONESIA - DNA INDIA
DNA India reported that, the Madhya Pradesh government has imported 50,000 metric tonnes of coal from Indonesia to deal with its shortage which is a ...
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- Krishnapatnam Port Company Ltd. - India
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- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
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- Sarangani Energy Corporation, Philippines
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Tata Chemicals Ltd - India
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- Tamil Nadu electricity Board
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- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
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- Indonesian Coal Mining Association
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- IEA Clean Coal Centre - UK
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- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Indian Oil Corporation Limited
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- Sindya Power Generating Company Private Ltd
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- CNBM International Corporation - China
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- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
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- Electricity Authority, New Zealand
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- LBH Netherlands Bv - Netherlands
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- Power Finance Corporation Ltd., India
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- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
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- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
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- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
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- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
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- Global Business Power Corporation, Philippines
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- Bhatia International Limited - India
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- Energy Link Ltd, New Zealand
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