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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, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...
Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market.
However the BDI continued the upward trend mainly due ...
Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...
Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...
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- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- The University of Queensland
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Commonwealth Bank - Australia
- Planning Commission, India
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
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