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Thursday, 29 March 12
ADARO FY11 NET INCOME JUMPS 124% - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) today announced a 124% jump in net income to US$552 million last year or US$0.017 a share.
Net income benefited from strong production volume growth, robust average selling price (ASP), and continued cost control.
Net revenue increased 47% to US$3.99 billion while gross profit margins improved to 35.8% from 30.5% over the same period.
Adaro posted surged 80.4% to 1.28 billion from 711 million, sending a 6% higher margin to 32.2% from 26.2%.
“With our strong performance in 2011, we delivered on our targets, while also executing on our strategic objectives of making acquisitions of coal deposits in South Sumatra and moving downstream into power generation in Central Java," said Adaro Energy’s President Director, Garibaldi Thohir in a press statement today.
Operational performance
Coal production volume rose 13% to 47.67 million tons from 42.20 million tons, while sales volume increased 15.8% to 50.78 million tons from 43.84 million tons. Overburden removal increased 32.5% to 299.27 million bcm from 225.87 million bcm.
Adaro targets to produce 50 million-53 million tons this year with EBITDA of US$1.2 billion-US$1.5 billion.
Source: Insider Stories
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Friday, 20 April 12
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A rebound of demand for smaller dry bulk carriers has led the industry’s benchmark, the BDI (Baltic Dry Index) above the 1,000-point mark for ...
Friday, 20 April 12
BUMA HAS PRODUCED 2.6 MILLION TONS OF COAL IN MARCH 2012
COALspot.com - BUMA has removed 28.0 million bcm (+6.4% YoY) of overburden in March 2012 while coal production was at 2.6 million tons (+1.3% YoY).
...
Thursday, 19 April 12
FRESH COAL SALES FROM JATENERGYS JONGKANG MINES
COALspot.com - Energy company Jatenergy Ltd (ASX code JAT) announced today that it had signed a contract for an 11,000 tonne coal sale due for shipm ...
Thursday, 19 April 12
HANDY - 'POSITIVE TREND', PANAMAX - 'A FIRMER TENDENCY', CAPESIZE - 'AGAIN NEGATIVE'
Handy
The positive trend from last week continued, with more cargoes entering the market. Skaw/Passero del fixed tick above USD 4000 for US Gulf di ...
Thursday, 19 April 12
WILLIS MARINE MARKET REVIEW FORECASTS ANOTHER DIFFICULT YEAR - WILLIS GLOBAL MARINE / HELLENIC SHIPPING
After an inauspicious start, 2012 could well be "another difficult and uncertain year for the maritime industry faced with the aftermath of the ...
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- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
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