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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, 27 October 14
CFR SOUTH CHINA COAL SWAPS PERFORMED POSITIVE THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery decreased US$ 1.68 (-2.55%) month over month and increased US$ 0.87 (+1.3 ...
Sunday, 26 October 14
CAPE'S STRONG PERFORMANCE PUSHES BDI INDEX UPWARDS
COALspot.com: The BDI was up by 26.27 pct and closed at 1192 points week and week. The Cape size performance has pushed up BDI and Cape size index ...
Friday, 24 October 14
WEEKLY U.S COAL PRODUCTION DOWN 2.7% FOR THE WEEK ENDING OCTOBER 18
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.7 million short tons (mmst) of coal in ...
Thursday, 23 October 14
THE BEARS, HOWEVER, STILL CRY; FOR HOW LONG WILL IT LAST? - FEARNLEYS
Handy
"We experience a typical oversupply of ships in the Atlantic which causing rates to slide. In the USG it is just enough cargoes to kee ...
Wednesday, 22 October 14
MARKET INSIGHT - THEODORE NTALAKOS, INTERMODAL
ECO designs - revisited
The ECO vessels are already here but the oil and bunker prices are plummeting to their cheapest level since 2010. Is this ...
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- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Parliament of New Zealand
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- The University of Queensland
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
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