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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, 03 June 09
KOSEP SEEKS UP TO 3 MLN TONNES OF COAL - REUTERS
Korea South-East Power Co Ltd (KOSEP) has issued four tenders seeking a total of 3 million tonnes of coal for delivery between 2009 to 2011, a tende ...
Wednesday, 03 June 09
POWER DEMAND TO BOOST INDIA COAL IMPORTS DURING MONSOON - STEELGURU
Reuters quoted Indian coal importers said that strong demand for power in India is likely to keep coal imports at the maximum level possible in the ...
Wednesday, 03 June 09
NAPOCOR EXTENDS COAL TENDER FOR SOLE BIDDER - ABS CBNNEWS
National Power Corp. (Napocor), the top Philippine electricity producer, has given the lone bidder at a tender for 195,000 tons of coal more time to ...
Wednesday, 03 June 09
NEWCASTLE COAL EXPORTS JUMP 20 PERCENT; SHIP QUEUE LENGTHENS - BLOOMBERG
Coal exports from Australia’s Newcastle, the world’s biggest export harbor for the fuel, jumped 20 percent last week while the number of ...
Wednesday, 03 June 09
IPL-2 OVER, INDIAN COAL LEAGUE BEGINS IN SOUTH AFRICA - ECONOMICTIME
Steel, cement and power companies, which have traditionally relied on cheap Indonesian coal to fuel their factories, are rushing to buy South Africa ...
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- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- The University of Queensland
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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