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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, 10 October 14
INDONESIA TO DEVELOP DOWNSTREAM COAL INDUSTRY - JP
The government is planning to launch a program to develop the downstream coal industry to increase the commodity’s added value, an official h ...
Friday, 10 October 14
U.S. PRODUCED 83.2 MMST OF COAL IN SEPTEMBER, SAYS EIA
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.6 million short tons (mmst) of coal in ...
Thursday, 09 October 14
CAPESIZE MARKET HAS CONTINUED TO SHOW WEAKNESS - FEARNLEYS
Handy
We mentioned last week that after several weeks of rate increase for the Supras, the bigger Panamaxes started to snap up better paying Supr ...
Thursday, 09 October 14
SHIPPING REMAINS CHALLENGED AS GLOBAL GROWTH DISAPPOINTS - BIMCO
The global shipping industry finds no grace from much stronger economic activity going forward, as the global recovery remains fragile and uneven. ...
Wednesday, 08 October 14
CAPES RATE FOR THE W. AUSTRALIA TO CHINA VOYAGE MOVED TO BELOW $8/MT - INTERMODAL
The Dry Bulk market remained under pressure last week, with rates for Capes remaining on the red while those for Panamaxes managed to outperform th ...
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- Port Waratah Coal Services - Australia
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- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
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- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
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- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
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- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Planning Commission, India
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- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
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- Malabar Cements Ltd - India
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- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
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- Economic Council, Georgia
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- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
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- Parliament of New Zealand
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- Singapore Mercantile Exchange
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- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
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- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
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- Merrill Lynch Commodities Europe
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- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
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- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
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- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- The University of Queensland
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- Parry Sugars Refinery, India
- Australian Coal Association
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- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
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- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- GMR Energy Limited - India
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- White Energy Company Limited
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- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
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- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
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- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
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- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
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- Minerals Council of Australia
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- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
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- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
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- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
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