We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 02 May 14
ADARO ENERGY STARTS YEAR 2014 WELL DESPITE CURRENT MARKET CONDITIONS
 COALspot.com: Adaro Energy, the second largest Indonesian coal miner's revenue increased 14% to US$ 845 million due to higher sales volume, the company said in a statement.
The company further said, "our average selling price (ASP) declined 7%, cost of revenue declined 1% to US$599 million while EBITDA increased 81% to US$306 million resulting in an EBITDA margin of 36%". Company's net income for 1Q14 increased 344% to US$131 million mainly due to higher sales volume and lower costs, the company's recently issued statement said.
In the meantime, Adaro's 1Q14 operational EBITDA and core earnings, which excluded non-operational accounting items, increased 74% to US$294 million and 221% to US$137 million, respectively. Operational EBITDA was lower than the reported EBITDA due to a one-time gain.
Adaro also lowered its coal cash cost (excluding royalty) 24% to US$29.82 per tonne in 1Q14, mostly due to the seasonally lower strip ratio, although overburden volumes increased 10%, as well as lower freight and handling, lower fuel cost, and other cost reduction initiatives. We started reporting stripping costs in 2014 on an actual cost basis, the company's statement said.
Adaro increased production volume 22% in 1Q14 to 14.0 Mt and sales volume by 23% to 13.9 Mt due to strong demand for its coal, Adaro claimed in its statement. According to its statement, Adaro's coal volumes slightly exceeded the plan for 1Q14, while overburden volumes were 95% of the plan.
Adaro's net capital expenditure during 1Q14 has decreased by 62% to US$18 million due to delays. "We are on track to achieve our capital expenditure guidance of US$200 million to US$250 million", said company.
Adaro also declared that, the company has generated strong positive free cash flow of US$84 million. Company claimed in its statement that, Company's capital structure improved as the company has reduced debt by 6% and increased company's cash position 48% to $828 million, resulting in net debt to last 12 months EBITDA of 1.48x and net debt to equity of 0.43x as of the end of 1Q14.
"Liquidity was strong with access to cash of approximately US$1.2 billion, allowing us to weather the current cyclical downturn and continue to execute on our business model" the company said in its statement.
"We will continue to preserve cash, strengthen our capital structure and extend the maturity profiles of our borrowings", Adaro has concluded in its latest statement.
According to local media reports, Adaro is controlled by five businessmen — Edwin Soeryadjaya, Theodore Permadi Rachmat, Garibaldi Thohir, Subianto and Sandiaga S. Uno — who collectively own 64.55 percent of its shares.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 02 May 14
DRY BULK MARKET SHOWING SIGNS OF COMEBACK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market which has been hovering below the 1,000-point market (BDI) during the past couple of weeks, could be exhibiting signs of a s ...
Thursday, 01 May 14
INDONESIA EXPORT BAN POINTS TO QUESTIONS OVER CHINA'S LONG-TERM BAUXITE SUPPLY - WOOD MACKENZIE
China’s Bauxite demand forecast to reach 240 million tonnes by 2030
In light of the Indonesian mineral ore ban that came into force o ...
Thursday, 01 May 14
DRY BULK MARKET STILL REELING UNDER PRESSURE FROM VARIOUS FACTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's revival is still overdue, as the industry's benchmark, the BDI is still lagging below the 1,000-point mark. In fac ...
Wednesday, 30 April 14
FREIGHT MARKET FOR DRY BULKERS STILL REMAINS WEAK - INTERMODAL
One week after the Easter holiday and the celebration for the resurrection of Christ, everybody expected to see a similar sign of a revival in t ...
Tuesday, 29 April 14
Q4 SUB-BIT INDONESIA COAL SWAP CLOSED US$ 1.07 HIGHER COMPARED TO Q2 DELIVERY PRICE
COALspot.com: Indonesian coal swaps for average Q2’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
|
|
|
Showing 3726 to 3730 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Aditya Birla Group - India
- CNBM International Corporation - China
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- The University of Queensland
- Wilmar Investment Holdings
- PTC India Limited - India
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Parry Sugars Refinery, India
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
|
| |
| |
|
