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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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Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
Friday, 06 August 10
KRISHNAPATNAM PORT WINS NON MAJOR PORT AWARD 2ND TIME IN A ROW
COAlspot.com ( Press Release) Krishnapatnam Port, the world-class port on the Indian horizon, took the top honors for the second time in a row, in t ...
Friday, 06 August 10
POLANDS KOPEX GROUP DEVELOPS COAL MINE IN INDONESIA
Polishmarket reported that, Polish mining concern Kopex Group, , is to build the first in Indonesia mechanised underground coal mine. The group is c ...
Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining ...
Thursday, 05 August 10
IRON ORE EXPORT BAN COMPOUNDS PROBLEMS OF INDUSTRY - BUSINESS STANDARD
Forex loss of Rs 300 crore (US$ 65.63 million) ; truckers, ports, Railways bear the brunt
The Karnataka government’s move to ban the export ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
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- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- The University of Queensland
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
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- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
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