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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.($1 = 9,540 rupiah)
Source: Reuters
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Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
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- Parry Sugars Refinery, India
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- Independent Power Producers Association of India
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- Australian Coal Association
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- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
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- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
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- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
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- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
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- The University of Queensland
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- Australian Commodity Traders Exchange
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- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
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- Borneo Indobara - Indonesia
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- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
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- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- New Zealand Coal & Carbon
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
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- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
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- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
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- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
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- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
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- Aboitiz Power Corporation - Philippines
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