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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, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- PTC India Limited - India
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- White Energy Company Limited
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