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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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Saturday, 02 May 09
COAL PRICES TO RISE ON CHINESE SUPPLY, INDIAN DEMAND, UBS SAYS
Peter Hickson, an analyst with UBS AG in London, comments on prices for thermal coal, burned to generate power. He commented in a report today.
& ...
Friday, 01 May 09
DEUTSCHE, BECKKETT CLAIMING ADARO WIN - THE JAKARTA GLOBE
Both Deutsche Bank AG and Beckkett, an investment firm controlled by Indonesian tycoon Sukanto Tanoto, claimed victory on Tuesday after Singapore&rs ...
Thursday, 30 April 09
SAN MIGUEL IN TALKS TO BUY STAKE IN ADARO - REUTERS
San Miguel Corp is in talks to buy a stake worth about $500 million in Adaro Energy , Indonesia's largest coal producer by market value, the Philip ...
Wednesday, 29 April 09
BAYAN READY TO OPERATE WORLD'S LARGEST COAL QUALITY IMPROVEMENT FACILITY - MAJALAH TAMBANG
PT. Bayan Resources Tbk. (hereinafter referred to as Bayan), an Indonesian coal manufacturer, announced that they are ready to operate the world's ...
Wednesday, 29 April 09
NEW GOV'T REGULATION SHOULD INCORPORATE CONFLICT SETTLEMENT BODY - ICMA (MAJALAH TAMBANG)
A draft government regulation on mineral and coal is currently in a process of completion. The Indonesian Coal Mining Association (ICMA) proposed th ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Minerals Council of Australia
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Economic Council, Georgia
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Planning Commission, India
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- White Energy Company Limited
- MS Steel International - UAE
- Marubeni Corporation - India
- The University of Queensland
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