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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, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
Saturday, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points.
B ...
Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was ...
Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...
Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...
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- Coastal Gujarat Power Limited - India
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- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
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- Energy Development Corp, Philippines
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- Toyota Tsusho Corporation, Japan
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- European Bulk Services B.V. - Netherlands
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- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
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- Goldman Sachs - Singapore
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- Singapore Mercantile Exchange
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- Directorate Of Revenue Intelligence - India
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- Agrawal Coal Company - India
- Romanian Commodities Exchange
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- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
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- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
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- International Coal Ventures Pvt Ltd - India
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- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
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- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
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- PNOC Exploration Corporation - Philippines
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- Cement Manufacturers Association - India
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- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
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- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
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- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
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- Ministry of Finance - Indonesia
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- Malabar Cements Ltd - India
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- Bhatia International Limited - India
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- Planning Commission, India
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