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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, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
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- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Marubeni Corporation - India
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Australian Coal Association
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
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