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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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Monday, 17 May 10
INDONESIA SHIPPED 15.51 PERCENT LESS COAL IN APRIL THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23,331,542 MT of coal in April 2010, compare to 27.61 million tons in ...
Monday, 17 May 10
S. AFRICA CUTS EUROPE COAL SUPPLY, ASIA SALES RISE, TRADER SAYS - BLOOMBERG
Bloomberg reported that, South Africa’s Richards Bay Coal Terminal, Europe’s biggest source of the fuel burned for power, cut shipments ...
Monday, 17 May 10
GREEK CRISIS TO SEE FREIGHT RATES FALL BANGKOK POST
The Greek debt crisis will likely cause shipping rates to fall this quarter enabling SET-listed Precious Shipping Plc to buy second-hand vessels at ...
Monday, 17 May 10
NEWCASTLE COAL QUEUES COULD BE HISTORY - THE HERALD
NEWCASTLE'S infamous coal queues could be a thing of the past if a plan to have the ships anchor over the horizon succeeds against the doubts of it ...
Sunday, 16 May 10
THREE FIRMS SHORTLISTED FOR CIL'S $ 2BN OVERSEAS PROJECTS - ECONOMIC TIMES
Economic Times reported that, State-owned Coal India Ltd (CIL) has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/S ...
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- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
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- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
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- PTC India Limited - India
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Planning Commission, India
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
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