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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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Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
Saturday, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however t ...
Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...
Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...
Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...
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- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Anglo American - United Kingdom
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- SMC Global Power, Philippines
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- MS Steel International - UAE
- The University of Queensland
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
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