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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, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
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- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
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