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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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Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
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- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- VISA Power Limited - India
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
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