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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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Friday, 22 May 09
CHURCHILL DOUBLES INDONESIAN COAL PROJECT RESOURCE ESTIMATE - STEEL GURU
Mining Weekly quoted Churchill Mining as saying that the resource at its East Kutai coal project in Indonesia has more than doubled to 3.18 billion ...
Friday, 22 May 09
INDONESIA`S BUKIT ASAM TO HAVE POWER PLANT IN 2011 - ANTARA
The construction of a power plant in South Sumatra by coal mining company PT Tambang Batubara Bukit Asam will be completed in April 2011.
T ...
Friday, 22 May 09
NOBLE WINS CONTROL OF AUSTRALIA'S GLOUCESTER COAL - BLOOMBERG
Noble Group Ltd., a Hong Kong- based commodity supplier, won control of Australia’s Gloucester Coal Ltd. after last week raising its cash bid ...
Thursday, 21 May 09
FBR STARTS COVERAGE OF SHIPPING SECTOR - REUTERS
Friedman Billings Ramsey began coverage of the shipping industry, saying the sector, which is amidst a deep cyclical downturn, is poised for a recov ...
Thursday, 21 May 09
INDONESIAN COAL PRODUCTION IN Q1 BELOW TARGET - STEEL GURU
Mr Bambang Gatot Ariyono director for coal and mineral development at the Energy and Mineral Resources Ministry said that the coal production in the ...
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- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Australian Coal Association
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
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