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Wednesday, 24 September 14
ADARO AGREED TO REDUCE ITS CONCESSION AREA TO 31,379.8 HECTARES
COALspot.com: PT Adaro Energy Tbk (Adaro Energy) today announced that, PT Adaro Indonesia (AI), its wholly owned subsidiary, entered into a Memorandum of Understanding (MOU) with the Director General of Minerals and Coal, of the Ministry of Energy and Mineral Resources of the Government of the Republic of Indonesia.
This MOU was signed in the framework of the renegotiation process to adjust the Coal Cooperation Agreement (CCA) as mandated by Article 169 of Law No. 4 of 2009 on Mineral and Coal Mining, which is preceded by an agreement of six strategic issues:
- CCA area, the continuation of Mining Operations,
- State Revenue,
- Obligations of Domestic Processing,
- Obligations to Divest, and
- Use of Local Labor, Goods, and Domestic Services. For example, AI has agreed to reduce its concession area to 31,379.8 hectares.
President Director of Adaro Energy, Mr. Garibaldi Thohir, said, “The signing of the MOU is evidence the Adaro Energy Group continues to fulfill the mandate and obligations of Indonesian law as part of the normal course of conducting our business. The MOU is consistent with our main goal of creating maximum sustainable value from Indonesian coal. The key terms are in line with our desire to be an asset to our country. We will continue to deliver positive energy to all of our stakeholders for many years to come and in doing so help build the nation.”
Adaro’s principal mining location is at Tabalong district in South Kalimantan, where its subsidiary PT Adaro Indonesia operates the largest single-site coal mine in the southern hemisphere. Adaro operates under a first-generation CCA (coal co-operation agreement) with the Indonesian Government.
According to Adaro Energy website, Adaro produced 52.3 Mmt of coal in 2013 and coal sales reached 53.5 Mmt. Adaro blessed with 12.8 billion tons of sub-bituminous coal with moderate or low CV, ultra Low sulphur, Ash and NOx emission.
25% of total coal production allocated to or supplied to Indonesian utilities and remaining 75% shipped to its overseas customers. In 2014 Adaro plan to produce between 54 million and 56 million tonnes of coal.
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
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- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
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- Commonwealth Bank - Australia
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- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
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- Planning Commission, India
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- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
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- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
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- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
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- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
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- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
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- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
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