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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, 24 December 10
DRY BULK OWNERS COULD SOON RECONSIDER SCRAPPING OLDER VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bi ...
Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless  ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
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- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Planning Commission, India
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
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