STOCK INFORMATION |
| Name |
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ADRO.JK |
| Last Trade |
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1940 |
| Date |
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9/7/2010 |
| Trade time |
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4:59am |
| Change |
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+20 |
| Volume |
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101304000
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SUSTAINABILITY REPORT 2008 |
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| Investor Relations |
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IR BLOG
| 09/06/10 - |
Komatsu Seeks Bio-Diesel Customers in Asia, Africaby Wilson Widjaja |
From Bloomberg:
Komatsu Seeks Bio-Diesel Customers in Asia, Africa
By Masumi Suga and Yasumasa Song -
Sep 1, 2010 3:52 PM GMT+0700
Sept. 1 (Bloomberg) -- Komatsu Ltd., the world’s second- largest maker of mining trucks and excavators, plans to seek more customers for bio-diesel fuel from a joint venture pilot project in Indonesia that’s due to start output this year.
The Kalimantan plant will use bio-diesel made from jatropha shrubs to produce fuel for Komatsu’s dump trucks, Senior Executive Officer Masao Fuchigami said in an interview. Komatsu aims to market the carbon-reducing fuel in Southeast Asia and Africa as soon as production stabilizes, he said.
"We’ve got inquiries from companies interested" in bio- fuel-powered trucks, Fuchigami said yesterday at Komatsu’s headquarters in Tokyo. "We see big potential."
Companies from Boeing Co. to Daimler AG are trying to develop alternative energy sources to cut carbon-dioxide emissions amid a global push to combat climate changes. Jatropha, which is inedible and grows faster than sugar or corn, can be cultivated in less-fertile soil and its fuel derivative is suited for use in warm climates. Low temperatures can cause bio- diesel to coagulate.
Shares of Komatsu, whose customers include Rio Tinto Group, Vale SA and Codelco, gained 1.2 percent to 1,726 yen at the 3 p.m. close on the Tokyo Stock Exchange. The shares earlier fell as much as 1.4 percent.
Komatsu teamed up with PT Adaro Energy, Indonesia’s second- largest coal producer, and PT United Tractors to produce biodiesel for Komatsu dump trucks used at the Adaro coal mine, the Tokyo-based company said in August last year. The target is to operate about 100 dump trucks as soon as 2012, the statement said.
Komatsu estimates that 1,000 biofuel-powered dump trucks will cut 200,000 tons of CO2 emissions a year, equivalent of the carbon emission at the company’s factories in Japan, Fuchigami said. The company may seek to use emission-trading to cancel domestic carbon emissions, he said.
To contact the reporter on this story: Masumi Suga in Tokyo at msuga@bloomberg.net
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IR News Feed
International Coal Group Inc. is Today's Focus Stock on MicroStockProfit.com
Fri, 10 Sep 2010 10:57
International Coal Group Inc. (ICO) is a producer of coal in Northern and Central Appalachia with a range of mid to high British thermal unit (Btu), low to medium sulfur steam and metallurgical coal. The Company's Appalachian mining complexes are located
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Company makes case for Margaret River coal mine
Fri, 10 Sep 2010 10:06
A company proposing a coal mine in the Margaret River region says it's a long way from making a final decision. But green gropus are opposed saying if one mine goes ahead it would allow other proposals in the wine and tourist region to get the green
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Study decries pollution from coal
Fri, 10 Sep 2010 09:55
Reduced pollution from coal-fired power plants in recent years has saved lives and reduced health-care costs, but further reductions are necessary. So states the Clean Air Task Force report "The Toll from Coal," that was released yesterday. "Some plants
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Solar firm gets $1M in bid to rival coal (Boston)
Fri, 10 Sep 2010 08:53
Wilson Solarpower Corp., which is working to make concentrated solar power competitive with coal power, has received a $1 million grant from the U.S. Department of Energy, the company said Thursday. The Woburn, Mass.-based company plans to use the money
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Govt to ask Tata Steel, NTPC and others on coal mine delays
Fri, 10 Sep 2010 08:47
The govt has said it is issuing showcause notices to Tata Steel, NTPC, ArcelorMittal and 78 others to explain why their coal blocks should not be withdrawn for their failure to develop these within the stipulated timeframe.: 'We are in the process of
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China Agreed With Japan To Extend Term Coal Supply To 2011-2015 Source
Fri, 10 Sep 2010 08:45
TOKYO -(Dow Jones)- China has agreed with Japan to extend its long-term thermal coal supply deal for five years from April next year, a person close to the situation said Friday. China has exported coal to Japan under long term contracts for decades, but
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ZTA to buy 30 000t coal for next farming season
Fri, 10 Sep 2010 08:45
Business ReporterTHE Zimbabwe Tobacco Association (ZTA) will buy 30 000 tonnes of coal from the Hwange Colliery Company Limited (HCCL) before the onset of the 2010/11 farming season, an official has said. In an interview on the sidelines of a
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China Coal Mine Blast Kills Seven
Fri, 10 Sep 2010 08:41
A gas explosion in a coal mine in southwest China Thursday killed seven miners and injured 12 others, officials said. The accident occurred in a coal pit of Maanshan Coal Mine in Yunnan province, China's state-run news agency Xinhua reported. Twenty-nine
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Spanish miners block roads in pay protest
Fri, 10 Sep 2010 07:19
Coal miners in the country say they have not been paid wages for two months; despite companies receiving government aid to help keep the industry afloat
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Coal miners scrap $5 billion bid for Q-Rail
Fri, 10 Sep 2010 06:40
A consortium of Australia's largest coal companies has walked away from its $5.2 billion bid for Queensland Rail's coal and freight business. There are now concerns taxpayers won't get value for money with the Government determined to float Q-Rail on the
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Dugout Canyon Mine Resumes Longwall Production
Fri, 10 Sep 2010 06:35
Arch Coal's Canyon Fuel Company subsidiary today announced that its Dugout Canyon mine in Carbon County, Utah, has restarted its longwall mining system and is in the process of resuming production. � After production was interrupted on June 22, the
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Aust's Cockatoo Coal may offload Surat Basin assets to Mitsui
Fri, 10 Sep 2010 04:14
Australia's COCKATOO COAL LTD (ASX:COK) says it may sell some or all of its Surat Basin assets in Queensland to Japan's Mitsui & Co Ltd (TSE:8031). Cockatoo said on Friday that it had entered into an exclusivity agreement with Mitsui, under which Mitsui
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Pike River Coal CEO reigns from his position at New Zealand co.
Fri, 10 Sep 2010 04:14
PIKE RIVER COAL LTD (ASX:PRC) chief executive Gordon Ward will leave the New Zealand company on October 1. Mr Ward has served as Pike River chief executive and managing director since May 2007, overseeing the company's first production of coal on New
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$1.5m wasted to woo coal companies
Fri, 10 Sep 2010 04:06
A FAILED bid by coal miners for central Queensland coal rail tracks has cost the taxpayer an estimated $1.5 million.
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World CTL (coal conversion) conference for Paris in 2011
Fri, 10 Sep 2010 04:05
After successful series in Beijing in 2010 and Washington DC in 2009, the World CTL 2011 conference will convene in Paris, France from 1 to 3 March, 2011. The program will address all topics of the conversion of coal and biomass to liquid fuels, methane
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Pike River Coal chief resigns
Fri, 10 Sep 2010 02:45
Pike River Coal Ltd chief executive Gordon Ward will leave the company on October 1. Mr Ward has served as Pike River chief executive and managing director since May 2007, overseeing the company's first production of coal on New Zealand's South Island
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CanAm Coal Corp. Announces Closing of Convertible Debenture Offering
Fri, 10 Sep 2010 02:40
Post by Anne B, Coal Researcher CanAm Coal Corp. (CVE:COE) announced the closings of the second and third tranches of an aggregate of $535,000 of its unsecured convertible redeemable debentures. The press release is quoted as saying: CanAm is a coal
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CEO OF NEW ZEALAND'S PIKE RIVER COAL RESIGNS
Fri, 10 Sep 2010 02:34
Pike River Coal Ltd chief executive Gordon Ward will leave the New Zealand company on October 1. Mr Ward has served as Pike River chief executive and managing director since May 2007, overseeing the company's first production of coal on New Zealand's
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Gordon Ward to leave Pike River Coal on October 1
Fri, 10 Sep 2010 02:33
Wellington, Sept 10 NZPA - Pike River Coal Ltd chief executive Gordon Ward is leaving the company on October 1. He has been chief executive since May 2007. The company said it would name a successor shortly.
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Pike River Coal CEO resigns
Fri, 10 Sep 2010 01:32
AAP Pike River Coal Ltd chief executive Gordon Ward will leave the company on October 1. Mr Ward has served as Pike River chief executive and managing director since May 2007, overseeing the company's first production of coal on New Zealand's South
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