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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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Friday, 22 January 10
ENERGY ADVISORY COUNCIL MULLS - COAL EXPORT BAN
The National Energy Council, which advises the House of Representatives and the president on energy issues, has begun to debate a proposal to ban ex ...
Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy&nb ...
Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture w ...
Friday, 22 January 10
SHENHUA ENERGY 09 YIELDED 210MN TONS COMMODITY COAL
China Shenhua Energy Co., Ltd. yielded 210 million tons of commodity coal in 2009, hiking 13.2% year on year, the Chinese energy titan announced tod ...
Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
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- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
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- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Australian Coal Association
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
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- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
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- Parry Sugars Refinery, India
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- Parliament of New Zealand
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- Carbofer General Trading SA - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
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- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
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- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- MS Steel International - UAE
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- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
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- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
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- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
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- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
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