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Sunday, 17 April 11
ADARO TO PROPOSE US$75 MILLION DIVIDEND


COALspot.com - One of Indonesia's largest coal miner PT Adaro Energy Tbk (ADRO) is keen to propose a final dividend of US$75 million or Rp 20.17 (US$ 0.00232776) per share, as quoted by Insider Stories.

Adaro Corporate Secretary Devindra Ratzarwin said the proposed dividend will be discussing during annual of shareholders general meeting scheduled in April 20 2011. According to him, Adaro distributed an interim dividend of Rp 315.06 billion (US$ 36,360,069) on December 10 last year. In total, the company will distribute Rp 960 billion (US$ 110,790,536) dividend from net income last last year.

Insider further said, Adaro posted a 49% plunge in net income to IDR 2.2 trillion (US$ 253,894,979) last year on the back of dropped sales prices and increased cost of goods sold.

President Director of Adaro Garibaldi Thohir said the production can be maintained although the company suffered pressure in term of operational due to rain factor so that the revenue increased by 4.9% to US$2.72 billion (US$ 311,598) last year.

“Although the abnormal rainfall provides bad impact to the operational activity, we once again posted a growth in production and continue to maintain the record of annual production growth during 19 years,” he said in official statement. ( IDR = 0.000115407 USD) - Source: www.xe.com



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Sunday, 17 April 11
THE FREIGHT MARKET APPEARS WILL CONTINUE TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - "The freight market continued to soften further with all segments down except for the handy size which was marginally up by 10 p ...


Saturday, 16 April 11
TNPL RECEIVES 1.6MT OF COAL OFFERS - SOURCES
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its 160,000 MT coal inquiry today. More than a half a dozen of Indian coal  t ...


Friday, 15 April 11
DRY BULK MARKET KEEPS ON FALLING, ON LOW DEMAND AND HIGH SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its falling patern this week, with the industry’s benchmark, the Baltic Dry Index (BDI) retreating again yesterda ...


Thursday, 14 April 11
SUPRAS IN N.CHINA GET CLOSE TO $12000 FOR TRIPS VIA INDONESIA TO INDIA - FEARNBULK
Handy The Atlantic market remains flat - very little new/fresh business and slow activity. Considerable prompt tonnage remains unfixed. The USG pa ...


Wednesday, 13 April 11
CAPESIZE VESSELS ARE DELIVERED AT A PACE OF ONE NEW VESSEL EVERY SECOND DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a clear sign that it will take a significant rise in global seaborne dry bulk trade in order to be able to absorb the flurry of new building tonn ...


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