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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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Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...
Saturday, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to ...
Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas
PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...
Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...
Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...
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- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- SMC Global Power, Philippines
- PTC India Limited - India
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- The University of Queensland
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
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