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Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
 COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 was 21.62 million tones”, according to the statement released by Adaro.
Adaro Energy is currently Indonesia’s second largest thermal coal producer, operates the largest single coal mine in Indonesia, and is a significant supplier to the global seaborne thermal coal market with a present capacity of approximately 50 Mt per annum. The Company has approximately 3.5 billion tons of coal reserves and resources and is fully integrated from exploration through to marketing. The Company’s subsidiary, PT Adaro Indonesia commenced mining in 1992 from a coal resource area in the Tanjung district of Indonesia’s South Kalimantan Province.
Adaro Energy’s sales volume during the second quarter of 2010 was 10.29 million tones and for the first half of 2010 was 21.75 million tones.
Adaro’s 2Q production volume dropped 9.6 percent compared to 1Q 2010 production. Adaro has produced 11.36 million ton of coal in 1Q 2010. Sales volume also dropped by 10.20 percent over the1Q sales volume. However, Adaro Energy production and sales during 2Q 2010 were higher by 15% and 13% respectively compared to the 2Q 2009. Similarly, the production and sales during 1H 2010 were also higher by 20% and 22% over the 1H 2009. Unprecedented high level of rainfall in this second quarter and especially in June, has affected Adaro’s 2Q production and sales. According to the statement, rainfall in June was, the highest in the last seven years.
Despite the adverse un-seasonal wet weather and challenging working conditions, Adaro continues to focus on reaching 45 Mt production this year. If the high rainfall continues into the second half of 2010, it might impact Adaro production target adversely.
Envirocoal-Wara
Adaro currently producing Envirocoal-Wara, an average daily rate of 6,000 tons per day or 2 million tons per annum. According to report, Initial commercial production of Envirocoal-Wara started in the first quarter of 2010 and in May Adaro delivered its first shipment to China. Envirocoal-Wara coal has a lower heat value than the existing Envirocoal product from the Tutupan mine, however it has the same unique environmental characteristics and a low stripping ratio.
Business Development
The Indonesian Government approved the formation of the joint venture between Adaro Energy and BHP Billiton for the IndoMet Coal Project on May 2010. Adaro, through its subsidiary PT Alam Tri Abadi, has acquired a 25% interest in the joint venture, with BHP Billiton holding the remaining 75%. The work to identify development options across the seven Coal Contracts of Work (CCoWs) is in progress.
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Friday, 30 September 11
MINING BILL CLEARED, FIRMS TO SHARE 26% PROFITS WITH LOCALS - NDTV
NDTV reported that, The Union Cabinet cleared the draft mining bill aimed at regulating mining activities Friday. The bill proposes a profit-sharing ...
Friday, 30 September 11
INDIAN IRON ORE MARKET GETTING ACTIVE - FEARNLEYS AS
Handy
The Atlantic market continued its strong trend with fresh cargoes entering the market. Vessels open US Gulf fixed tick above US$ 27k back to t ...
Friday, 30 September 11
KRISHNAPATNAM PORT WINS GLOBAL PORT & COAL PORT OF THE YEAR AWARDS
COALspot.com - Krishnapatnam Port, a dynamic new generation world class port located in the East Coast of India has been adjudged the winner in the ...
Thursday, 29 September 11
INDONESIA'S MINERS FACE AN UNCERTAIN FUTURE - RUPERT WALKER
An evolving regulatory framework for the country's minerals industry could threaten its profitability and stifle investment.
The five-year surge ...
Thursday, 29 September 11
DRY BULK MARKET FALLS MID-WEEK, FURTHER DROP EXPECTED NEXT WEEK ON CHINA HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected by the Baltic Dry Index (BDI) retreated by 0.36% yesterday reaching 1,920 points, with the Capesize segment suffer ...
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- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Anglo American - United Kingdom
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
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