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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, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured ...
Monday, 23 August 10
NOBLE RESOURCES AND PAN ASIA INK MAJOR COAL DEAL
Pan Asia Corporation Limited has, via Innovation West Pty Ltd, entered into a binding coal purchase & finance agreement with Noble Resources Pte ...
Monday, 23 August 10
THE FREIGHT MARKET IS EXPECTED TO BE FIRM FOR NEXT COUPLE OF WEEKS - VISTAAR SINGAPORE
COALspot.com: The BDI continued to rise this week by 11.67 pct with the other sectors also keeping the moment. The cape size index also was up by 11 ...
Friday, 20 August 10
JAKARTA TO HOST 9TH ASIA PACIFIC MINING CONFERENCE AND EXHIBITION IN OCTOBER
ASEAN Federation of Mining Association (AFMA), an association of mining groups in Southeast Asia, will hold the 9th Asia Pacific Mining Conference a ...
Friday, 20 August 10
OVERSEAS AND GENERAL SUBSIDIARY INKS US$52M JONGKANG COAL SALES CONTRACT - PROACTIVE INVESTORS
Proactive Investors reported that, overseas and General (ASX: OGL) has reported that its Indonesian majority owned subsidiary, PT OGL Indotrade, has ...
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- Gujarat Sidhee Cement - India
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- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
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- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
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- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
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- Petron Corporation, Philippines
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- Altura Mining Limited, Indonesia
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- Gujarat Mineral Development Corp Ltd - India
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- Parliament of New Zealand
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- White Energy Company Limited
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- Indonesian Coal Mining Association
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- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
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- Edison Trading Spa - Italy
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- Cement Manufacturers Association - India
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- Bangladesh Power Developement Board
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- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Australian Coal Association
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
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- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
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- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
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- Merrill Lynch Commodities Europe
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- MS Steel International - UAE
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Planning Commission, India
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- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
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- VISA Power Limited - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
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- Ceylon Electricity Board - Sri Lanka
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