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Saturday, 02 February 13
ADARO TO INTRODUCE A NEW BRAND OF ENVIROCOAL, E4700, IN 2013
 COALspot.com - Adaro Energy, an Indonesian and leading coal producer in country has achieved a record coal production during 4Q12 of 13.31 million tonnes, a 7% increase year-over-year (y-o-y) and 22% increase quarter-over-quarter (q-o-q), despite experiencing a higher than average rainfall.
“ We recorded our second best year of coal production with 47.2 million tonnes. The coal market rebounded toward the end of 2012 after challenging market conditions, mainly due to excess of coal supply, for much of 2H12, the company said in a filing to the Indonesia Stock Exchange.
The company’s filing to the Indonesia Stock Exchange further said, Adaro Energy has exported more coal to India than China. India has imported about 7.08 million tons coal from Adaro Energy during 2012. Around 23 percent of coal produced by Adaro energy has consumed by domestic utilizes.
The statement further said that, “ During 4Q12, our sales volume went up 12% y-o-y and 27% q-o-q to 13.95 million tonnes. The driver for increased sales volume was strong demand for E4000 (Wara) going up 119% y-o-y and 147% q-o-q. Even though there is more competition for low calorific value coal, which has driven the Indonesian Coal Index 4200 GAR prices down, we were able to increase sales volume of E4000 (Wara) by 42% y-o-y to 7.76 million tonnes. In 2012, we delivered E4000 (Wara) to end users in India, China, Thailand, Hong Kong, Korea and Indonesia”.
Adaro has introduced a new product, E4500, which is a blend between E5000 (Tutupan) and E4000 (Wara) to provide more options to our customers as well as to optimize adaro's product portfolio revenue. Adaro claimed that, the company has sold 1.95 million tonnes of E4500 to two customers in Korea and Indonesia during 2012.
To improve efficiency and reduce the cost in 2013, Adaro developing an overburden crushing and conveying system (OPCC) and 2 x 30MW mine-mouth power plant.
Market Analysis
Supply
According to Adaro, the coal market found more support in December 2012 than in the previous four months. The gCN (global Coal Newcastle) index rebounded to an average of US$ 93/tonne in December. “ We believe this was due to negotiations of the Q1 Japanese contracts as well as cold weather in China. Similarly, API4 (FOB Richards Bay), API 6 (McCloskey), Australian off-spec coal and Indonesian Coal Index 5000 GAR followed similar pattern with gCN”, the statement said.
However, the Indonesian Coal Index 4200 GAR did not follow the same trend with gCN due to the strong supply of low calorific value coal in December. The exports from Indonesia continued to grow during 4Q12 supported by imports from China. According to Indonesia’ s Energy and Mineral Resources Minister, Mr. Jero Wacik, Indonesia produced 386 million tonnes of coal in 2012, which was a 23% increase y-o-y. The country exported 304 million tonnes of coal and used the remaining 82 million tonnes for its domestic consumption in 2012.
Adaro is preparing to introduce a new brand of Envirocoal, E4700, in 2013 which is a stand alone, non-blended product mined from Northern area of the Tutupan pit, company said in its statement.
AI sells its Envirocoal to 49 customers in 17 countries, primarily to blue-chip power utilities and some cement producers.
| Indonesia |
10.85 |
Mmt |
(23%) |
| India |
7.08 |
Mmt |
(15%) |
| Spain |
5.60 |
Mmt |
(12%) |
| Japan |
4.24 |
Mmt |
(9%) |
| Korea |
3.77 |
Mmt |
(8%) |
| Hong Kong |
3.77 |
Mmt |
(8%) |
| China |
2.83 |
Mmt |
(6%) |
| Malaysia |
2.36 |
Mmt |
(5%) |
| Taiwan |
1.88 |
Mmt |
(4%) |
| USA |
1.88 |
Mmt |
(4%) |
| Others |
2.83 |
Mmt |
(6%) |
AI maintains geographical diversification to reduce risk. In 2012, AI remains a leading supplier to the domestic market with 10.74 million tonnes or 23% of its total sales volume. Meanwhile, A I’s coal sales to China decreased compared to the previous year due to the oversupply of coal to that country. AI sold more coal to India due to increased demand from Indian IPPs. Sales to Spain remained strong as coal fired power plants in Spain were more competitive than gas plants, the report says.
In 4Q12, Adaro Indonesia has sold 23% of its coal, mostly E5000, to domestic IPPs. Due to strong demand for low rank coal, AI exported 92% of its E4000 (Wara) to China, India, Thailand and Hong Kong during the same period.
Demand
During 4Q12, the demand for coal continued to grow especially from emerging Asian economies, spearheaded by China and India. Despite the stockpile levels at key power plants remaining high (19 days as of December 31st 2012), the arbitrage for imports remained open. This caused strong thermal coal imports during the quarter. Coal statistic shows import of all coals (including anthracite and lignite) during the quarter equaling 55.8 million tonnes, with approximately 45% of it coming from Indonesia. In 2012, China’s total electricity consumption grew 4.6% y-o-y to 4.8 million GWh despite their slowing economy. Due to an unusually wet season, the majority of growth was from hydro power generation, Adaro said.
India also continued its high level of imports, averaging approximately 10 million tonnes per month during the quarter especially after the commissioning of the large Tata power plant project in western India. Power generation from coal and lignite India increased by 13% y-o-y while hydro decreased by 12% y-o-y and gas decreased by 23% y-o-y.
About Adaro Energy:
Adaro Energy is a fully integrated coal mining and energy company from exploration through to power. It is 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 production volume of 47.2 million tonnes in 2012.
The coal characteristics are sub-bituminous, medium heat value and ultra-low pollutant coal, with total resources of 4.6 billion tonnes and total reserves of 1.1 billion tonnes (JORC Compliant 2011). Because of its environmental characteristics, Adaro’s coal is trademarked as “ Envirocoal” and has proven global acceptance among blue-chip power utilizes.
The Company’s vision is to be a leading Indonesian mining and energy group.
Source: Company’s filling to BEI
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Thursday, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced& ...
Thursday, 28 February 13
SHIP OWNERS EXPECTED TO FACE A CHALLENGING YEAR, DESPITE THE FALL OF NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Tonnage oversupply and a lagging growth in world trade demand are expected to keep shipping in the "red", despite a series of measures ado ...
Thursday, 28 February 13
PANAMAX : MARKET HAS SEEN A GOOD UPTURN OVER THE LAST WEEK - FEARNLEYS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The ...
Wednesday, 27 February 13
NEWCASTLE PORT IN AUSTRALIA SHIPPED 0.358 MILLION MT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,178,869 MT of thermal and coking coal for week ended 0700 hours 25 February 2013, Newc ...
Wednesday, 27 February 13
NEWLEAD HOLDINGS LTD. ANNOUNCES COAL SUPPLY AND DELIVERY CONTRACT
NewLead Holdings Ltd. yesterday announced that the Company has signed an agreement to supply and deliver 1.48 million metric tons of steam coal to a ...
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- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Anglo American - United Kingdom
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
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