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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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Wednesday, 11 April 12
TWO PERCENT OF IBP CONCESSION CONTAINS 42 MMT OF COAL
COALspot.com - 42.35 million ton of coal found in just 2% of PT Insani Bara Perkasa’s total concession area of 24,477 hectare.
Accord ...
Wednesday, 11 April 12
DRY BULK MARKET STILL SUBDUED, RECOVERY NOT YET SEEN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market entered the new week after the past days of easter holidays in western countries in a subdued mood. The industry’s benchma ...
Monday, 09 April 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first week of April ended with the Baltic Dry Index falling below 950 points, before Catholic Easter, and capesizes showing a modest upturn with ...
Sunday, 08 April 12
CHARTER RATES COULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI was almost at same levels closing slightly lower by 0.64 pct at 928 points.
The Cape index was up by 6.73 pct closing at ...
Friday, 06 April 12
INDONESIAN HBA FALL TO LOWEST LEVEL SINCE JANUARY 2011
COALspot.com - Indonesian HBA fall to lowest level since January 2011 this month. The monthly coal reference price for coal sales in April fal ...
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- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Parliament of New Zealand
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- White Energy Company Limited
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Economic Council, Georgia
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
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