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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, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
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- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
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- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
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- Minerals Council of Australia
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Australian Coal Association
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Planning Commission, India
- IEA Clean Coal Centre - UK
- The University of Queensland
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Parliament of New Zealand
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- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
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