We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 02 May 11
ADARO POSTS 11.7 PERCENT INCREASE IN REVENUES ON HIGHER PRICES - THE JAKARTA POST
 The Jakarta Post reported that, Indonesia’s second-largest coal producer, PT Adaro Energy Tbk, announced an 11.7 percent increase in net revenue to US$757.2 million compared to the same period last year on the back of the increase in coal prices on the international market.
In its first quarter financial reports issued Sunday, the company said the rise in net revenue was contributed by a higher average selling price during the three-month period.
Net profit rose 11.3 percent to $108.9 million mainly due to the higher average selling price, foreign exchange gains of $8.7 million and no goodwill amortization as compared to $13 million incurred during the previous corresponding period, the company said, as quoted by paper.
“We had a good start to the year and are on the track to reach our 2011 target and implement our strategies to create sustainable value from Indonesian coal,” Adaro president director Garibaldi Thohir said in a written statement.
The company said profit increased despite the 6.8 percent and 4.8 percent decline in production and sales volume respectively, to 10.59 million tons and 10.91 million tons during the same period last year.
Production in the first quarter of 2011 declined from the same period last year as Adaro was unable to complete pre-stripping activities in preparation for the wet season due to unusual weather during 2010. The company’s production during the first and fourth quarters tends to be lower because of high rainfall during these periods.
Given the first quarter performance, Adaro is on track to achieve its forecasted production volume. The company’s cost of revenue increased 16.5 percent to $507.3 million due to higher planned strip ratio and longer overburden hauling distances.
Starting from 2011, Adaro will report its financial statements and notes in US dollar to minimize foreign currency conversion effects, considering all of the company’s subsidiaries report their accounts in US dollars as most of their income, costs and debts are denominated in dollars.
Adaro Energy is the second-largest thermal coal producer in Indonesia and is a significant supplier to the global thermal coal market. It continues to maintain a geographically diversified customer base by supplying no more than 10 percent of its sales volume to any one customer.
Source: The Jakarta Post
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 18 February 23
PAKISTAN PLANS TO QUADRUPLE DOMESTIC COAL-FIRED POWER, MOVE AWAY FROM GAS - REUTERS
Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming ...
Saturday, 18 February 23
2023 MARINE FUEL MARKET PREDICTIONS - JOHN BERGMAN, AURAMARINE
The drive for decarbonisation we witnessed in 2022 has continued into 2023, demonstrating the shipping’s industry positive strides in the fas ...
Saturday, 28 January 23
COAL GROWTH BLIP NOT TO BE REPEATED - BALTIC EXCHANGE
As 2022 drew to a close, global coal demand looked set to end the year just 1.2% up on the previous year. But that small increase was enough to pus ...
Thursday, 26 January 23
CHINA'S COAL OUTPUT INCREASES IN DECEMBER 2022 - XINHUA
China’s raw coal output posted stable expansion in December 2022, official data showed.
The country produced 400 million tonne ...
Thursday, 26 January 23
COKING COAL NARROWS THE GAP ON THERMAL AS CHINA REOPENS - REUTERS
The premium of high-grade thermal coal over coking coal in Asia is shrinking as China’s re-opening and ending of a ban on imports from Austra ...
|
|
|
Showing 141 to 145 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
|
| |
| |
|
