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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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Friday, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
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- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- The University of Queensland
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
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