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Wednesday, 13 May 09
ADARO, ITM EXPECT COAL GROWTH IN 2009
Adaro, which has a market capitalization of $3.64 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and state utility PT Perusahaan Listrik Negara (PLN).
It expects to produce between 42 and 45 million tons of coal this year, up from 38.5 million tons in 2008, and aims to increase production to 80 million tons per annum during the next five years. Adaro supplies coal for Asian nations like India, Hong Kong and Japan; several EU countries like UK, Italy and Spain; and to the United States east coast.
"This year is for sure even better than last year," he said.
Benefiting from higher coal prices is another publicly listed coal mining company PT Indo Tambangraya Megah (ITM), the country's third largest, and the Indonesian subsidiary of Thailand's Banpu Pcl.
In the January-March period, the company booked a whopping 437 percent increase in net profits from a year earlier as higher selling prices offset lower sales volume.
"The price of coal has jumped to US$85 per ton from $50 per ton during the middle and the end of last year," ITM president director, Somyot Ruchiwarat, said Tuesday.
Net profits rose to $102 million from $19 million a year earlier on higher sales which rose from $219 million to $347 million. "The higher price offset our volume which dropped by 0.3 million tons from last year," Sumyot said.
For this year, sales are forecast to rise between $1.33 billion and $1.54 billion compared to $1.32 billion in 2008.
Despite lower production in the first quarter, the company is upbeat that coal production would increase in the coming period.
"Production may climb between 20 and 25 percent next year from about 20.5 million metric tons this year," Somyot said. The firm mined 17.8 million tons of coal in 2008.
The additional output would be secured in part from a new mining site located in the eastern part of the existing Indominco block in Kalimantan, which is expected to enter production in the second half with a capacity of 2 million tons.
In support of fulfilling this year's production target of 20.5 million tons, the company has as of April secured 95 percent of targeted coal contracts. (naf)
Source: The jakarta Post
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Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
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- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
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- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Australian Coal Association
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- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
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- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
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- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
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- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
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- Marubeni Corporation - India
- Economic Council, Georgia
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- Meenaskhi Energy Private Limited - India
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- Mjunction Services Limited - India
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- Interocean Group of Companies - India
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- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
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- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- MS Steel International - UAE
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
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- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
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- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
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- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
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- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
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- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
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- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
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- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
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- Heidelberg Cement - Germany
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
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- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
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- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
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- Trasteel International SA, Italy
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- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
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- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
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- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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