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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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Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
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- Indian Oil Corporation Limited
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- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- The University of Queensland
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- White Energy Company Limited
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- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
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- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
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- Leighton Contractors Pty Ltd - Australia
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- Sarangani Energy Corporation, Philippines
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- Indian Energy Exchange, India
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
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- New Zealand Coal & Carbon
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- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
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- Thiess Contractors Indonesia
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- Electricity Authority, New Zealand
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- Sical Logistics Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
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- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
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- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
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- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Planning Commission, India
- Power Finance Corporation Ltd., India
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- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
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- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
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- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
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- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
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- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
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- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
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- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
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- Commonwealth Bank - Australia
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- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
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- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
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