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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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Wednesday, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
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- Sical Logistics Limited - India
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- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
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- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
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- Commonwealth Bank - Australia
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- Wilmar Investment Holdings
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- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
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- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
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- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
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- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
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- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
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- Holcim Trading Pte Ltd - Singapore
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- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- The University of Queensland
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
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- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
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