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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, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
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- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
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- Ministry of Mines - Canada
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- Indian Oil Corporation Limited
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- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Minerals Council of Australia
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- The University of Queensland
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- Anglo American - United Kingdom
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- Australian Commodity Traders Exchange
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- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Central Electricity Authority - India
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- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
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- Posco Energy - South Korea
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- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
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- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
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- The Treasury - Australian Government
- Wilmar Investment Holdings
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- Sree Jayajothi Cements Limited - India
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- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
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- Indonesian Coal Mining Association
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- Chamber of Mines of South Africa
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- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
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- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
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- Ministry of Finance - Indonesia
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- Bharathi Cement Corporation - India
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- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
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- Videocon Industries ltd - India
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- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
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- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
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