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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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Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
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- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Planning Commission, India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
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