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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, 05 February 13
NEWCASTLE PORT COAL SHIPMENTS DROPPED BY 10.77 PERCENT W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,412,497 MT of thermal and coking coal for week ended 0700 hours 4 February 2013, Newca ...
Tuesday, 05 February 13
CHALLENGER DEEP RESOURCES CORP HAS ENTERED INTO AN EXCLUSIVE MINING AND MARKETING AGREEMENT WITH KEM
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, PT Bestindo Energy, has entered into an Exclusivity Agreement r ...
Saturday, 02 February 13
FREIGHT MARKET MAY REBOUND AFTER CHINESE NEW YEAR - VISTAAR
COALspot.com - The freight market was soft and all the indices were down by around 5-7 pct this week.
The BDI was down 6.01 pct closing at 750 po ...
Friday, 01 February 13
ORPHEUS SELLS B26 COAL PROJECTS FOR US$ 2 MILLION TO FOCUS ON SOUTH KALIMANTAN
COALspot.com - Orpheus Energy Limited (ASX: OEG) has announced that it has sold its 51 percent equity stake in the East Kalimantan coal projects, Bl ...
Friday, 01 February 13
HANDY - FLAT; PANAMAX - FLAT TO WEAK; CAPESIZE - WEAK
Handy
The Atlantic market remained stable with no significant movement in rates. Rates from USG to FEast were around USD 17k and Black sea to Feast ...
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Showing 4396 to 4400 news of total 6871 |
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- Planning Commission, India
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
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- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
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- PTC India Limited - India
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- White Energy Company Limited
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
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