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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, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
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- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Indogreen Group - Indonesia
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- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
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- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
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- Binh Thuan Hamico - Vietnam
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- Carbofer General Trading SA - India
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- Parry Sugars Refinery, India
- Bhatia International Limited - India
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- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
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- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
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- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
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- Siam City Cement PLC, Thailand
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- CNBM International Corporation - China
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Economic Council, Georgia
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
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- Sical Logistics Limited - India
- Videocon Industries ltd - India
- The University of Queensland
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- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
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- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Australian Coal Association
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Indika Energy - Indonesia
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- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
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