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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, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
Thursday, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
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- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- PTC India Limited - India
- SMG Consultants - Indonesia
- CNBM International Corporation - China
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- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
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- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
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- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
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- Merrill Lynch Commodities Europe
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- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
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- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
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- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
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- MS Steel International - UAE
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- Bukit Makmur.PT - Indonesia
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- Oldendorff Carriers - Singapore
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Vedanta Resources Plc - India
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- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
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- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Economic Council, Georgia
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- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
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- Ind-Barath Power Infra Limited - India
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- Billiton Holdings Pty Ltd - Australia
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- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
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- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
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- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Australian Commodity Traders Exchange
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- Kalimantan Lumbung Energi - Indonesia
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- Energy Link Ltd, New Zealand
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- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
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- Coal and Oil Company - UAE
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- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
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- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Parliament of New Zealand
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- The Treasury - Australian Government
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- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
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- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
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- Mintek Dendrill Indonesia
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- Samtan Co., Ltd - South Korea
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