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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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Tuesday, 21 April 09
INDONESIAN GOVT TO ALLOW UNDERGROUND MINING IN PROTECTED FORESTS - THE JAKARTA POST
The government will issue a regulation allowing mining companies to carry out underground mining in protected forests.
"This regulation will ...
Tuesday, 21 April 09
INDONESIAN GOVT LIKELY TO MISS INVESTMENT TARGETS FOR ENERGY, MINING - THE JAKARTA POST
The total value of investments in energy and mining sectors by the end of the year is likely to be below the government’s target, as a result of ...
Monday, 20 April 09
INDONESIAN COAL MINING ASSOCIATION CALLED TO CONTROL MINERS - MAJALA TAMBANG
The Indonesian Coal Mining Association (ICMA) is called to expand its membership further in view of controlling the conduct of miners in the nationa ...
Monday, 20 April 09
BANPU PLANS TO SHIP 2 MLN T COAL TO CHINA IN 09 - REUTERS
Banpu, Thailand's largest coal miner, plans to increase coal shipments to China by about 30 percent to 2 million tonnes in 2009, company officials ...
Monday, 20 April 09
INDO TAMBANGRAYA 2009 OUTPUT TO GO UP 16% - THE JAKARTA POST
Indonesia's third largest coal producer, publicly listed PT Indo Tambangraya Megah (ITM), is targeting to raise production by 16 percent this year ...
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- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
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- Wood Mackenzie - Singapore
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- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
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- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Planning Commission, India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
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- Energy Development Corp, Philippines
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
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- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
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