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Sunday, 01 November 09
INDONESIA ADARO Q3 NET PROFIT JUMPS ON COAL DEMAND
* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah
Reuters reported that, Indonesia's largest coal producer by market value PT Adaro Energy Tbk posted a 131.6 percent increase in its third quarter net profit, based on Reuters calculations, amid increasing coal demand for both exports and domestic use.
Adaro, which has a market capitalisation of $5.14 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and Indonesian state electricity firm Perusahaan Listrik Negara (PLN). Exports account for more than 70 percent of its sales. The firm had said that the demand for its coal strengthened at the end of June and expected the trend to continue until the end of the year with increasing sales to Asian customers.
Adaro posted a 58.9 percent increase of coal exports and 55.7 percent increase of domestic coal sales in the July-September period. Its net profit grew 131.6 percent to 1.27 trillion rupiah from 546.5 billion rupiah a year ago, while the revenue jumped 56.8 percent to 7.12 trillion rupiah.
The figures were based on Reuters calculations from the nine-months and first-half earnings published by the company. Adaro aims to produce 42-45 million tonnes of coal this year, up from 38.5 million tonnes in 2008, and to raise production to 80 million tonnes per year in the next five years. With higher sales volume, Adaro has forecast double-digit growth in revenue and net profit this year. Shares in Adaro closed at 1,540 rupiah on Friday.($1 = 9,540 rupiah)
Source: Reuters
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Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
Sunday, 01 November 09
THE COAL MOVEMENT TO INDIA FROM SOUTH AFRICA AND INDONESIA WOULD BE CONTINUE INCREASE - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI continued to be firm with an increase of 60 points and closed at 3,103 points.
The cape index also was firm an ...
Sunday, 01 November 09
PT INDIKA MAY BUY STAKES IN BHPB INDONESIA OPERATIONS
Dow Jones reported that Indonesian coal producer PT Indika Energy may buy stakes in BHP Billiton Limited's Indonesian coal operations and in local ...
Sunday, 01 November 09
ADAVALE RESOURCES MAKES COAL ACQUISITIONS IN INDONESIA
Adavale Resources Limited has entered into an agreement to acquire the rights to two thermal coal projects Tapan and Jambi in Sumatra Indonesia, hel ...
Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
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- Maharashtra Electricity Regulatory Commission - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- White Energy Company Limited
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Africa Commodities Group - South Africa
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Economic Council, Georgia
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
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