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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, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
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- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
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- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
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- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
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- White Energy Company Limited
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- Indian Energy Exchange, India
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- Planning Commission, India
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- Kapuas Tunggal Persada - Indonesia
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- MS Steel International - UAE
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- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
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- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
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- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
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- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
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- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
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- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
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- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
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- Altura Mining Limited, Indonesia
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- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
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- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Australian Coal Association
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
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