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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, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
Thursday, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
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- The University of Queensland
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Latin American Coal - Colombia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
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