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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, 25 June 10
INDIAS THIRD-LARGEST SHIPPING COMPANY BAGS US$ 31 MILLION DEAL WITH SL
Daily Mirror reported that, Mainboard-listed and India-owned dry bulk shipping firm Mercator Lines says it has won a US$ 31 million contract in Sri ...
Friday, 25 June 10
DEMAND FOR COAL COULD BE GRADUALLY RETURNING - FEARNBULK
Handy
Atlantic markets seeing more activity today (23 June 2010) after a slump the last weeks. Supramax vessels open in USG are achieving low/mid ...
Thursday, 24 June 10
INDONESIAS BUMI DECLARED US$ 57.1 MILLION (AMOUNTING TO 30% OF 2009 NET INCOME) AS DIVIDEND
COALspot.com: PT Bumi Resources, Tbk’s Annual General Meeting (AGM) today was successfully held with a quorum of 75.89% resulting in sharehold ...
Thursday, 24 June 10
CHINA TARGETS 3.6 BILLION MT ANNUAL COAL OUTPUT FOR 2015
At a forum in Beijing entitled "Chinese energy strategy and energy development in the 12th five-year plan period (2011-2015)", He Youguo, ...
Thursday, 24 June 10
DRY BULK MARKET AT LOWEST POINT IN EIGHT MONTHS
The dry bulk market’s demise has failed to turn around so far this week, with the industry’s benchmark, the Baltic Dry Index (BDI), yest ...
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- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
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