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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, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
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- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
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