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Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an official at the firm said on Tuesday.
"We still believe in double-digit growth for both," said operating director Ah Hoo Chia, when asked about the outlook for revenue and net profit for 2009.
Adaro, which has a market capitalisation of $3.64 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and Indonesian state electricity firm Perusahaan Listrik Negara (PLN). Exports account for 70-72 percent of its sales.
The firm expects to produce 42-45 million tonnes of coal this year, up from 38.5 million tonnes in 2008, and aims to increase production to 80 million tonnes per year in the next five years.
San Miguel Corp of the Philippines is in talks to buy a stake worth about $500 million in Adaro, which Goldman Sachs , Citigroup and hedge fund Farallon plan to sell.
The firm reported a ten-fold increase in net profit last year to 887.2 billion rupiah ($85.63 million) while revenue rose 56 percent to 18.09 trillion rupiah despite a global economic downturn that has led to a sharp drop in commodity prices.
It also turned to a first-quarter net profit of 1.145 trillion rupiah this year from a 12 billion rupiah loss a year earlier, thanks to higher average achieved selling prices of Envirocoal.
Source: http://www.reuters.com/article/rbssEnergyNews/idUSJAK46414020090512
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Thursday, 18 June 09
GERMAN COAL BUYERS SEE LOWER IMPORTS, PRICES
* Coal imports and prices fall as steel industry slumps
* Coal industry grapples with carbon polluter image
German imports of hard coal are like ...
Thursday, 18 June 09
INDIKA GETS APPROVAL ON PETROSEA ACQUISITION
PT Indika Energy, the country’s third-biggest miner, said on Wednesday that its shareholders had approved its plan to acquire an 81.95 percent ...
Thursday, 18 June 09
MORE FUNDS FOR COAL VIDESH ASSET BUY
The government plans to let Coal Videsh, a subsidiary of Coal India, have more than Rs 1,000 crore at its disposal to shop for assets abroad.
&ld ...
Wednesday, 17 June 09
MINE EXPLOSION'S DEATH TOLL HITS 30 - (UPDATE 1 )
Search and rescue workers have discovered the bodies of 30 miners who were killed in a coal mine explosion in the West Sumatra regency of Sawahlunto ...
Wednesday, 17 June 09
S.KOREA UTILITIES INK '09 COAL CONTRACTS WITH CHINA
* S.Korea to buy 3 mln tonnes of coal from China at $78.50/T
* Talks between individual power firms and miners ongoing
South Korean utilities ...
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- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Planning Commission, India
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Australian Coal Association
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Parliament of New Zealand
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
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