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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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Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
Thursday, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, ...
Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to ...
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- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- MS Steel International - UAE
- PTC India Limited - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
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