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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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Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
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- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- The University of Queensland
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Petron Corporation, Philippines
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
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