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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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Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
Sunday, 01 November 09
THE COAL MOVEMENT TO INDIA FROM SOUTH AFRICA AND INDONESIA WOULD BE CONTINUE INCREASE - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI continued to be firm with an increase of 60 points and closed at 3,103 points.
The cape index also was firm an ...
Sunday, 01 November 09
PT INDIKA MAY BUY STAKES IN BHPB INDONESIA OPERATIONS
Dow Jones reported that Indonesian coal producer PT Indika Energy may buy stakes in BHP Billiton Limited's Indonesian coal operations and in local ...
Sunday, 01 November 09
ADAVALE RESOURCES MAKES COAL ACQUISITIONS IN INDONESIA
Adavale Resources Limited has entered into an agreement to acquire the rights to two thermal coal projects Tapan and Jambi in Sumatra Indonesia, hel ...
Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
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- Renaissance Capital - South Africa
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- Therma Luzon, Inc, Philippines
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- Planning Commission, India
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- Wood Mackenzie - Singapore
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- GMR Energy Limited - India
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- Chamber of Mines of South Africa
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- Ministry of Mines - Canada
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- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
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- Tamil Nadu electricity Board
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- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
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- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
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- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
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- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
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- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
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- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
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- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- The State Trading Corporation of India Ltd
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- Indogreen Group - Indonesia
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- Romanian Commodities Exchange
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- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
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- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
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- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
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- Eastern Coal Council - USA
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- Bukit Makmur.PT - Indonesia
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- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
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