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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.($1 = 9,540 rupiah)
Source: Reuters
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Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...
Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
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- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- The University of Queensland
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Planning Commission, India
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Mjunction Services Limited - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
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