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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, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
Friday, 15 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
ENERGY and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
Thursday, 14 May 09
INDONESIA 2009 COAL OUTPUT REVISED DOWN - REUTERS
* Indonesia coal output seen at 240 million tonnes in 2009
* Coal exports down 11.2 pct to 44.79 mln tonnes in Q1 2009
* Production down 1.4 pct t ...
Thursday, 14 May 09
PAKISTAN WILL IMPORT 3.2 MILLION TON OF COAL IN 2009 - SEATRADE
COALspot.com (Pakistan) - SEATRADE Group of pakistan a single largest imported coal supplier in Pakistan, forecasting Pakistan steam coal imports wi ...
Wednesday, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a ...
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- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Australian Coal Association
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
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