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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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Friday, 08 February 13
NORTH P&I CLUB WARNS OF LIQUEFACTION RISK FOR BAUXITE CARGOES
The ‘A’ rated 170 million GT North P&I club has warned shipowners carrying bauxite aluminium ore cargoes that they have the potentia ...
Thursday, 07 February 13
CHINA NDRC APPROVED 10 BILLION YUAN POWER GENERATION PROJECTS
NDRC of China currently announced that some of power grid and power station in Jiangxu, Sichuan and Anhui Province would be newly constructed or ext ...
Thursday, 07 February 13
CAPESIZE : MORE ACTIVE WEEK IN THE PACIFIC - FEARNLEYS AS
Handy
The Atlantic market remained stable with no significant movement in rates. Rates from USG to FEast were around USD 18k and Black Sea to Feast ...
Thursday, 07 February 13
WEAK STEEL MARKET MEANS IRON ORE RALLY LIKELY TO END SOON - FITCH
The sharp rebound in iron ore prices over the last couple of months will hurt margins at non-integrated steel producers in the first quarter of 2013 ...
Tuesday, 05 February 13
THE SHIPPING SECTOR IS " NAVIGATING IN STORMY WATERS" - PWC
The vulnerabilities of the global economy have been exposed and have more than played their part in making 2011 one of the worst years of shipping i ...
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- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Planning Commission, India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
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