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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, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
Thursday, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
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- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
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- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
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- Meralco Power Generation, Philippines
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- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
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- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Marubeni Corporation - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- VISA Power Limited - India
- The University of Queensland
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- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
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- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Planning Commission, India
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- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
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- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
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- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
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- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
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- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
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- White Energy Company Limited
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- Lanco Infratech Ltd - India
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- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
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- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
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- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
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