The Adaro Blog
Fitch affirms Adaro Indonesia at ‘BB+’; outlook stable
September 27, 2012, 1:26 pm
(The following statement was released by the rating agency)
Sept 25 – Fitch Ratings has affirmed coal producer PT Adaro Indonesia’s (Adaro) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BB+’. The Outlook is Stable. Fitch has also...
Distribution of Cash Dividends
May 18, 2012, 1:24 pm
On April 27, 2012, the AGMS of Adaro Energy decided to pay final cash dividends for FY2011 of US$183,919,281.50 for 31,985,962,000 shares or US$0.00575 per share. In addition, the BOD and BOC of Adaro Energy on April 24, 2012 also decided to pay the first interim cash dividends for FY2012 of...
Indonesia Says Report of Tax for Coal Exports Is ‘Premature’
April 10, 2012, 1:18 pm
By Yoga Rusmana and Fitri Wulandari
April 4 (Bloomberg) — Indonesia isn’t formally discussing a suggestion from the Industry Ministry to tax exports of coal and minerals, according to government and industry officials.
The Industry Ministry...
Xstrata, Tohoku set April coal contract around $115/metric tonne
April 3, 2012, 1:17 pm
Xstrata Plc (XTA.L) and Tohoku Electric Power Co (9506.T) have settled the first Japanese annual coal import contract for the fiscal year beginning April 1 slightly above $115 per metric tonne, sources told Reuters on Friday, a level which will likely be followed by Japan’s other...
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