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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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Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...
Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
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- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Planning Commission, India
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
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