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Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
 The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand picked up in line with the start of the global economic recovery.
PT Adaro Energy, the country’s third-largest coal producer, announced on Wednesday that net profit more than quadrupled to a record high of Rp 4.4 trillion ($484 million) last year from Rp 887 billion in 2008.
Meanwhile, PT Bayan Resources, one of the top 10 producers, said in a statement that net profit soared to Rp 136.29 billion from Rp 20.71 billion.
Ario Rachmat, Adaro Energy’s vice president director, attributed the profit growth to higher average selling prices of coal as well as increased production.
He said that although demand was weak in the first quarter of 2009, conditions improved in the second half of the year, with greater demand pushing prices higher and increasing revenue.
Adaro’s average selling price last year was $59.3 per ton, up 52 percent from $39 per ton in 2008. The price realized last year was based on a contract made in 2008.
In 2009, Adaro’s revenue grew 49 percent to Rp 26.9 trillion.
Bayan’s revenue rose 59 percent to Rp 7.75 trillion last year from Rp 4.88 trillion in 2008.
Weather conditions last year were favorable for coal miners. Adaro’s production increased to 40.6 million tons from 38.5 million tons a year previously.
The Jakarta-listed company has said it aimed to increase production by 10 percent this year and planned capital expenditure of $300 million to $350 million to help achieve that target.
Adaro said it had signed an agreement with global mining giant BHP Billiton to develop BHP’s mines jointly in Indonesia. Adaro will get shares in BHP’s coal-mining units, including PT Maruwai Coal, PT Juloi Coal, PT Kalteng Coal, PT Sumber Barito Coal, PT Lahai Coal, PT Ratah Coal and PT Pari Coal.
“We will have 25 percent stakes in each of the mines,” said Andre Mamuaya Adaro’s corporate secretary.
Frederick Daniel Tanggela, an analyst at PT Sucorinvest Central Gani, said the coal industry was expected to suffer a slowdown this year because of lower prices.
He said Adaro’s higher production would offset the lower prices, allowing the company to enjoy higher revenue. “But we project that Adaro’s net profit will decline by 5 percent this year,” he said.
Meanwhile, PT Energy Mega Persada, an oil and gas company affiliated with the Bakrie group, reported that its net loss in 2009 widened to Rp 1.7 trillion from a Rp 35 billion loss in 2008 because of a lower realized oil price.
Revenue dropped by 22 percent to Rp 1.44 trillion from Rp 1.85 trillion, it said.
“The oil price dropped by 38 percent last year compared with 2008,” said Imam Agustino, president director of Energy Mega Persada.
Source: The Jakarta Globe ( By: Yessar Rosendar)
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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
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- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- The University of Queensland
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Vedanta Resources Plc - India
- White Energy Company Limited
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Planning Commission, India
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- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
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- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Parliament of New Zealand
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
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- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
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- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
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- Directorate General of MIneral and Coal - Indonesia
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- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
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- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
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- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
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- VISA Power Limited - India
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
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- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Chamber of Mines of South Africa
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- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
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- Petron Corporation, Philippines
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
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