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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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Tuesday, 02 December 14
U.S WEEKLY COAL PRODUCTION FELL 1.4% WEEK ON WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.6 million short tons (mmst) o ...
Tuesday, 02 December 14
FOB RICHARDS BAY COAL SWAPS LOST MONTH OVER MONTH
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month, week on week and day over day.
The Q1 swap has lost U ...
Tuesday, 02 December 14
SUB-BIT FOB INDONESIA COAL Q1' 15 DELIVERY SWAP CLOSED AT US$ 49.50
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, week over week and day on day.
The Q1 swap has lost US$ 0.4 ...
Monday, 01 December 14
SGX'S FOB NEWCASTLE COAL SWAP FOR Q1' 2015 DELIVERY CLOSED AT US$ 52.50
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery closed at US$ 52.50 on 28 November after losing US$ 1.20 (-2.23%) month ove ...
Monday, 01 December 14
Q2' 15 DELIVERY CFR SOUTH CHINA COAL SWAP CLOSED 0.42% LOWER THAN Q1' 15 DELIVERY CLOSING
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 2.45 (-3.78%) month over month and US$ 0.67 (-1.06%) we ...
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- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
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- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Dalmia Cement Bharat India
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- Directorate Of Revenue Intelligence - India
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- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
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- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
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- Coal and Oil Company - UAE
- White Energy Company Limited
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- Energy Development Corp, Philippines
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- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- ASAPP Information Group - India
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
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- Parliament of New Zealand
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- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
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- Energy Link Ltd, New Zealand
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- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Australian Coal Association
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- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
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- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Planning Commission, India
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- The University of Queensland
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
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- Vedanta Resources Plc - India
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- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
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- Manunggal Multi Energi - Indonesia
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- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
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- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
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- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
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- Gujarat Electricity Regulatory Commission - India
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- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
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- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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