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Sunday, 05 August 12
INDONESIA'S ADARO TRIMS PRODUCTION FORECAST, CITES BAD ECONOMY - THE JAKARTA GLOBE
 The Jakarta globe reported that, Adaro Energy, the country’s second-largest coal producer, has cut its annual production forecast to between 48 million metric tons and 51 million tons of coal, citing difficult market conditions.
The company’s original forecast for the year was 50 million to 53 million tons.
“Despite the challenging market conditions, we remain on track to deliver on our long-term strategies to grow and create value. Our response to the economic downturn is not meant to distract us but to focus on our core business,” said Cameron Tough, Adaro’s head of investor relations.
Adaro’s coal production was 12.05 million tons in the second quarter of this year, bringing first-half production to 23.01 million tons, a slight improvement from the 22.81 million tons of coal produced last year, the company said in its quarterly activities report.
The miner saw a 5.1 percent year-on-year decrease in coal sales during the second quarter, while sales for the first half were 23.96 million tons, down from 24.02 million tons.
Analysts in Jakarta said that the domestic coal industry was expected to face tough times due to the economic slowdown in China and India, the two biggest importers of Indonesian coal. Adaro, however, believes that the long-term fundamentals for coal remain intact.
“We believe the recent weakness in the coal price is driven by excess supply, not the lack of demand,” Tough said.
The company has invested $744 million for the acquisition of coal deposits and a logistics company during the past two and a half years and spent $52.2 million for infrastructure projects in the second quarter to support its growth trajectory.
Reza Priyambadha, an analyst at Indosurya Asset Management, suggested that years of strong demand from India and China resulted in an oversupply of coal.
Reza said the slowing global economy caused major industries, including in China, to cut back on production, reducing demand for fuel from coal and natural gas.
Adaro’s net income will probably increase by 3.6 percent this year, according to Bloomberg data, a year after the company saw its profit more than double to $552 million.
Such a turnaround would also affect heavy-equipment businesses that are linked closely with the mining industry.
United Tractors, the heavy-equipment unit of Astra International, revised its sales target for this year to 8,500 units, down from a previous forecast of 9,500 units.
Shares of Adaro closed unchanged at Rp 1,520 on the Indonesia Stock Exchange on Friday.
Source: The Jakarta globe (By - Tito Summa Siahaan)
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Saturday, 11 August 12
INDONESIAN COAL REFERENCE PRICE HAS LOST 27.78 PERCENT YOY
COALspot.com - Indonesian HBA fell again in August.
The monthly coal reference price for coal sales this month fell 3.32 percent. HBA fell ...
Saturday, 11 August 12
SUB-BIT INDONESIA COAL SWAPS SEEN MOVING IN THE RIGHT DIRECTION
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.29 percent W-o-W on Friday (10 August 2012) closing but lost 1 ...
Friday, 10 August 12
DRY BULK MARKET DROWNING FROM TONNAGE OVERSUPPLY - HELLENIC SHIPPING
The dry bulk market has been overflowing with new building vessels, despite the fact that demand is more or less (and minus the seasonal factors) ri ...
Thursday, 09 August 12
3RD ANNUAL SHALE GAS
Press Release - With the North American shale gas boom, IBC’s 3rd Annual Shale Gas explores optimal strategies to monetize Asia’s domest ...
Wednesday, 08 August 12
EXPLOITASI AIMS TO RAISE RP 2.7T FOR ACQUISITION - THE JAKARTA POST
The Jakarta Post reported that, publicly listed coal miner PT Exploitasi Energi Indonesia (CNKO) is seeking to raise Rp 2.7 trillion (US$286.2 milli ...
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- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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