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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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Tuesday, 12 February 13
GOVERNMENT DECLARED INDONESIAN THERMAL COAL PRICE INCHES UP IN FEBRUARY
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in February 2013.
The monthly coal refere ...
Monday, 11 February 13
NEWCASTLE PORT SHIPPED 23.01 PERCENT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,967,761 MT of thermal and coking coal for week ended 0700 hours 11 February 2013, Newc ...
Sunday, 10 February 13
INDONESIA SUB-BIT SWAPS: "UP" - CFR SOUTH CHINA SWAPS: "DOWN"
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.72 percent W-O-W and CFR South China coal shipme ...
Sunday, 10 February 13
DRY BULK OVERSUPPLY OF TONNAGE SEEN WANING IN THE COMING MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It seems that the tide could be shifting in the dry bulk market, in terms of tonnage oversupply, according to the latest data figures. This could ex ...
Sunday, 10 February 13
HIGHER BUNKER PRICE PUSHES SEA FREIGHTS FIRM - REDDY
COALspot.com - The freight market was soft and all at same levels with Chinese year holidays next week.
The BDI was slightly down by 0.27 pct ad ...
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- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
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- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
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- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Aditya Birla Group - India
- Australian Coal Association
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
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