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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, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
Thursday, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
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- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Australian Coal Association
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
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