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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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Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
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- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Planning Commission, India
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- PTC India Limited - India
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
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