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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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Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed.
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Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...
Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...
Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...
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- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Planning Commission, India
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
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- Oldendorff Carriers - Singapore
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- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- PTC India Limited - India
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
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