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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, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a ...
Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...
Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 pe ...
Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...
Tuesday, 12 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
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- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- The University of Queensland
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
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