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Monday, 02 February 15
INDONESIA'S ADARO ENERGY PRODUCED 56.21 MILLION TONNES OF COAL IN 2014; UP 8% Y-O-Y
 COALspot.com: PT. Adaro Energy, Indonesia’s largest coal producer, has increased coal production by 8% to 56.21 million tonnes (Mt) from both PT Adaro Indonesia (AI) and Balangan Coal through PT Semesta Centramas (SCM) in 2014.
Adaro continued to meet its performance targets, even in the challenging coal market conditions and remains on track to create maximum sustainable value from Indonesian coal. The miner has produced 56.21 million tonnes (Mt) of coal in 2014, which was better than the company’s full year guidance of 54 Mt to 56 Mt.
According to Adaro Energy’s Q4’ 2014 activities report, Adaro has finished the year strong with record quarterly production of 14.45 Mt, a 6% increase compared to the same period in 2013. Adaro claimed that, the increase was mainly due to a combination of sound contractors’ performance and normal weather conditions.
Adaro has sold 14.65 Mt of coal during the 4th quarter of 2014 to achieve 57.02 Mt of sales for the year 2014, the report says.
Adaro has increased overburden removal 8% to 77.55 million bank cubic meter (Mbcm) during 4Q. AI’s actual strip ratio during 4Q 14 was 5.41x, resulting in an actual strip ratio of 5.69x for 2014. Meanwhile, SCM’s actual strip ratio during 4Q14 was 3.93x, resulting in an actual strip ratio of 4.69x for 2014.
" We are able to lower our strip ratio for three years in a row without harming our long-term mine plan due to investment we made to increase overburden removal during the higher coal price environment", Adaro says in its latest activities report.
Adaro further noted that, the lower average planned strip ratio remained higher than the life of mine strip ratio.
India is the largest consumer of Adaro coal after Indonesia in 2014. 15% of Adaro’s total coal production or around 8.55 million tons of coal was shipped to India in 2014. 12.54 million tons of coal delivered to Indonesian end-users while around 6.84 million tons of coal or 12% of total company's coal production shipped to Japan. China also imported significant volume from Adaro in 2014.
Adaro says, its focus in 2015 is to continue to look for cost reduction, maintain reliability of supply to its customers, and improve efficiency and productivity in each part of Adaro's coal supply chain.
“ Despite the continued weakness in the coal price, Adaro is doing relatively well and remains on track to create maximum sustainable value from Indonesian coal”, says Adaro.
Adaro continued to see good demand for its coal, particularly from Indonesia and India and expects to produce 56 Mt to 58 Mt of coal in 2015, slightly higher than 2014 production. Adaro also to keep its coal cash cost, ex. Royalty at around US$31 to US$33/tonne in 2015.
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Friday, 30 January 15
CAN BULKER CONVERSIONS SPOIL THE TANKER MARKET'S PARTY? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Oversupply of tonnage has always been in the back of the head of ship owners when it comes to taking advantage of favorable market conditions. As s ...
Thursday, 29 January 15
CHINA ENERGY DEMAND MUST BE REVIEWED DUE TO FUNDAMENTAL ECONOMIC CHANGES - WOOD MACKENZIE
New patterns emerging as energy demand growth decoupled significantly from GDP growth for the first time in 2014
Wood Mackenzie says 2014 was ...
Thursday, 29 January 15
CAPE MARKET IS STILL STRUGGLING WITH LOW DEMAND AND LOW COMMODITY PRICES
Handy
Supramax rates are heading south with slipping rates all across the block. USG activity is slow with mid-week levels in the mid 8.000s, Fea ...
Wednesday, 28 January 15
MARKET INSIGHT - STELIOS KOLLINTZAS
With most traders having returned to action from year end festivities, we have already seen signs of activity in the specialized product markets. L ...
Wednesday, 28 January 15
CAPES CONTINUED THEIR UPWARD MOVEMENT LAST WEEK - INTERMODAL
COALspot.com: The Dry Bulk market displayed a mirror performance of that of the week prior, with the Capesize market correcting further upwards and ...
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- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Posco Energy - South Korea
- India Bulls Power Limited - India
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- The University of Queensland
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Planning Commission, India
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
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