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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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Wednesday, 19 November 14
SHIPPING MARKET INSIGHT - BY KATERINA RESTIS
The current Ebola outbreak in West Africa has been declared as a worldwide health emergency by the World Health Organization and has had a great im ...
Tuesday, 18 November 14
VALEMAX DEAL TO DETERMINE DRY BULK MARKET'S FATE - DREWRY MARITIME RESEARCH
Vale’s accord to sell and lease four Valemax vessels to COSCO might have negative repercussions on dry bulk freight rates. Vale has committed ...
Tuesday, 18 November 14
SUB-BIT FOB INDONESIA COAL SWAP DELIVERY Q2' 2015 CLOSED AT $ 49.55; DOWN 4.10% M-O-M
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, gained week on week and day on day.
The Q1 swap has lost US ...
Tuesday, 18 November 14
FOB RICHARDS BAY COAL SWAP FOR Q1' 2015 DELIVERY CLOSED AT $ 66.31; UP 1.33% W-O-W
COALspot.com: API 4 FOB Richards Bay Coal swap for Q1’ 2015 delivery has gained US$ 0.27 (+0.41%) month over month and US$ 0.87 (+1.33%) week ...
Tuesday, 18 November 14
CHEAP OIL PRICES COULD RESHAPE GLOBAL OIL EXPORTING MAP - HELLENIC SHIPPING
Tanker owners have enjoyed a rather healthy 2014, but as the year draws to a close, the fall of oil prices is bound to reshape traditional, as well ...
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- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Planning Commission, India
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- The University of Queensland
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
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