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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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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
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- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
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- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Parliament of New Zealand
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- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- White Energy Company Limited
- Eastern Energy - Thailand
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- Vedanta Resources Plc - India
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- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
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- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
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- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
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- Minerals Council of Australia
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
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- International Coal Ventures Pvt Ltd - India
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- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Australian Coal Association
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- Commonwealth Bank - Australia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
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- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
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- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
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- SMC Global Power, Philippines
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- Sical Logistics Limited - India
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- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
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- Wood Mackenzie - Singapore
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- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- MS Steel International - UAE
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
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- Tamil Nadu electricity Board
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- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
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- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
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- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
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- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
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- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
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- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
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- Miang Besar Coal Terminal - Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
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- PNOC Exploration Corporation - Philippines
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- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
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- Indian Oil Corporation Limited
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- Cigading International Bulk Terminal - Indonesia
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