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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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Wednesday, 05 January 11
HIGHER COAL PRICES LIFT UP COAL STOCKS
Thermal coal price this month has gone up 5.63% to US$127.70 per ton today from mid last month at US$120.89 per ton.
Thermal coal price for next ...
Wednesday, 05 January 11
BUKIT ASAM TARGETS 20% BUY TO GROW COAL TRANSPORT CAPACITY - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesian coal producer Tambang Batubara Bukit Asam is considering buying an additional 20 percent stake in Bukit ...
Wednesday, 05 January 11
FLOODING IN AUSTRALIA WILL CAUSE COAL PRICES TO SPIKE AT LEAST 20 PERCENT
Rising coal prices are set to spike at least 20 per cent higher because of supply shortages due to severe flooding in Australia, adding cost pressur ...
Wednesday, 05 January 11
DRY BULK MARKET BEGINS NEW YEAR ON SOUR NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk ma ...
Tuesday, 04 January 11
THE WCI-CHINA ROUTE WAS TRADED IN THE MID US$ 10,000S - BRS DRY BULK
As reported by BRS Dry Bulk, after a stronger than expected performance in 2010, rates finished on a sombre note in December with the BDI at1,773 po ...
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- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Parliament of New Zealand
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- White Energy Company Limited
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
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