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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.($1 = 9,540 rupiah)
Source: Reuters
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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- The University of Queensland
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- PTC India Limited - India
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Romanian Commodities Exchange
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