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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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Saturday, 06 June 09
IS THE RECESSION OVER ? - CAPT. REDDY, VISTAAR SHIPPING
COALspot.com (Singapore): Is the recession over, that is what most analysts think and seems so from the Baltic Index rally and firm commodity ...
Saturday, 06 June 09
COAL PRICE HIT RECORD ON STRONG CHINA DEMAND - INVESTMENT WATCH
Investment watch reported that, “Coal price hit a new high of over $72 a tonne at Australia’s Newcastle Port, a benchmark for Asia, spur ...
Friday, 05 June 09
CEMENT INDUSTRY NEEDS POLICY ON FLY ASH
H.M. Bangur, President of Cement Manufacturers' Association, on the objectives and economic impact of the proposed national policy on utilisation o ...
Thursday, 04 June 09
PAKISTAN TO IMPORT MORE COAL FROM INDONESIA - SEATRADE
COALspot.com (Pakistan): Richards bay to Pakistan sea freight has touched US$ 20.00 for 40,000/10 pct steam size in June 2009. South African c ...
Thursday, 04 June 09
CHINA'S SHANXI PROVINCE CONSIDERS COAL FUTURES BOURSE - MINE WEB
Mine Web reported that, China hopes to establish a coal futures exchange to obtain more rights on international pricing.
China's largest coal pr ...
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- Sree Jayajothi Cements Limited - India
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- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
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- Semirara Mining Corp, Philippines
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- Parry Sugars Refinery, India
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- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
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- Indian Oil Corporation Limited
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- Pipit Mutiara Jaya. PT, Indonesia
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- White Energy Company Limited
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- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
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- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
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- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
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- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
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- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
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- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- The University of Queensland
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- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
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- Petron Corporation, Philippines
- Energy Development Corp, Philippines
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- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
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- Australian Commodity Traders Exchange
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- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
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- Georgia Ports Authority, United States
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- Global Green Power PLC Corporation, Philippines
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- Price Waterhouse Coopers - Russia
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- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Commonwealth Bank - Australia
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- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
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- Renaissance Capital - South Africa
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- Anglo American - United Kingdom
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- Independent Power Producers Association of India
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- Chamber of Mines of South Africa
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- Indian Energy Exchange, India
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- Wood Mackenzie - Singapore
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- Malabar Cements Ltd - India
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- South Luzon Thermal Energy Corporation
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- New Zealand Coal & Carbon
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- The Treasury - Australian Government
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