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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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Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establi ...
Monday, 05 April 10
MARCO POLO MARINE SECURES US$20 MILLION 4-YEAR COAL TRANSSHIPMENT CONTRACT
COALspot.com: Accordign to Mraco Polo Marine website, Singapore Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logisti ...
Saturday, 03 April 10
SHIPS OPENING FAREAST CONTINUE TO BE STRUGGLING FOR CARGOES - VISTAAR
COALspot.com: The dry bulk freight market continues to be under pressure and all the indices were down this week except for Cape size index which wa ...
Friday, 02 April 10
XSTRATA RAISES BENCHMARK COAL PRICE AS MUCH AS 40% - BLOOMBERG
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used for power, raised benchmark prices for the fuel to an unidenti ...
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- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
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