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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.($1 = 9,540 rupiah)
Source: Reuters
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Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
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- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- MS Steel International - UAE
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
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