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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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Thursday, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...
Wednesday, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen to jointly develop coal business in India ...
Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...
Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...
Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...
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- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
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