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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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Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
Tuesday, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
&q ...
Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborn ...
Sunday, 19 December 10
SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Fri ...
Friday, 17 December 10
THE PANAMAX MARKET HAS EXPERIENCED A SOFTER TENDENCY THIS WEEK - FEARNBULK
Handy
Monotonous Atlantic markets with little fresh enquiry in Black Sea/Med/Continent. Large Supras are achieving usd 21/22k for TA rounds - 2/3 ...
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- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
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