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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 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
...
Thursday, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING
Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program.
...
Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.& ...
Thursday, 18 February 10
INDONESIA TO INVITE BIDS FOR $1.5 BLN COAL RAILWAY IN MAY
Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry offici ...
Thursday, 18 February 10
INDONESIA ZONING RULE THREATENS MINING - INDUSTRY
Reuters reported that, confusion over a new Indonesian land use regulation could halt the operations of some mining firms, providing a new threat to ...
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- Bhatia International Limited - India
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- Merrill Lynch Commodities Europe
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- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
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- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
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- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
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- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
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- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
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- Orica Australia Pty. Ltd.
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- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
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- Romanian Commodities Exchange
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- London Commodity Brokers - England
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- Bangladesh Power Developement Board
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- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
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- Georgia Ports Authority, United States
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- Central Electricity Authority - India
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- Ambuja Cements Ltd - India
- White Energy Company Limited
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
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- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
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- Binh Thuan Hamico - Vietnam
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- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Electricity Authority, New Zealand
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- Coal and Oil Company - UAE
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- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
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- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
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- Australian Coal Association
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- Pipit Mutiara Jaya. PT, Indonesia
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- Gujarat Mineral Development Corp Ltd - India
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- Kepco SPC Power Corporation, Philippines
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- Parliament of New Zealand
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- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
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- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- The University of Queensland
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- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
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- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
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