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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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Tuesday, 28 April 09
S'PORE COURT RULES AGAINST DEUTSCHE ON ASSET SALE - REUTERS
Singapore's highest court has ruled that Deutsche Bank (DBKGn.DE) may have to pay unspecified damages to an investment firm as it did not get the b ...
Tuesday, 28 April 09
WORLD THERMAL COAL PRICE EXPECTED TO CRASH - PURCHASING.COM
Macquarie Bank sees 50% drop to $60/ton in 2009
Macquarie Bank today forecast the 2009 average market price for world thermal coal at $60/ton, a ...
Tuesday, 28 April 09
THAI LANNA TO OPEN NEW INDONESIAN MINE BY Q3 - REUTERS
Thailand's Lanna Resources PCL LANN.BK said on Monday it planned to open a new coal mine in Indonesia by the third quarter of 2009 with an initial ...
Tuesday, 28 April 09
SOUTH AFRICAN EXPORT COAL RETREATS ON WEAKER EUROPEAN DEMAND - BLOOMBERG
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, fell for a second co ...
Monday, 27 April 09
INDONESIA S.KALIMANTAN GETS COAL TRUCKS OFF PUBLIC ROADS - REUTERS
A local government in one of Indonesia's top coal-producing areas has banned coal and palm oil firms from using public roads because of the damage ...
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- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- The University of Queensland
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
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