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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, 02 May 09
COAL PRICES TO RISE ON CHINESE SUPPLY, INDIAN DEMAND, UBS SAYS
Peter Hickson, an analyst with UBS AG in London, comments on prices for thermal coal, burned to generate power. He commented in a report today.
& ...
Friday, 01 May 09
DEUTSCHE, BECKKETT CLAIMING ADARO WIN - THE JAKARTA GLOBE
Both Deutsche Bank AG and Beckkett, an investment firm controlled by Indonesian tycoon Sukanto Tanoto, claimed victory on Tuesday after Singapore&rs ...
Thursday, 30 April 09
SAN MIGUEL IN TALKS TO BUY STAKE IN ADARO - REUTERS
San Miguel Corp is in talks to buy a stake worth about $500 million in Adaro Energy , Indonesia's largest coal producer by market value, the Philip ...
Wednesday, 29 April 09
BAYAN READY TO OPERATE WORLD'S LARGEST COAL QUALITY IMPROVEMENT FACILITY - MAJALAH TAMBANG
PT. Bayan Resources Tbk. (hereinafter referred to as Bayan), an Indonesian coal manufacturer, announced that they are ready to operate the world's ...
Wednesday, 29 April 09
NEW GOV'T REGULATION SHOULD INCORPORATE CONFLICT SETTLEMENT BODY - ICMA (MAJALAH TAMBANG)
A draft government regulation on mineral and coal is currently in a process of completion. The Indonesian Coal Mining Association (ICMA) proposed th ...
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- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Agrawal Coal Company - India
- The Treasury - Australian Government
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Planning Commission, India
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Parliament of New Zealand
- The University of Queensland
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
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