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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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Sunday, 18 January 15
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO REMAIN WEAK NEXT WEEK
COALspot.com: The BDI was up 4.51 pct week on week on Friday 16, January 2015. The BDI closed at 741 points on this Friday after gaining arou ...
Friday, 16 January 15
U.S. WEEKLY COAL PRODUCTION UP 7.3% W-O-W
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.9 million short tons (mmst) of coal ...
Thursday, 15 January 15
PANAMAX : MARKET CONTINUE ON LOW PACE - FEARNLEYS
Handy
On a general basis we can say that rates are softening in both hemispheres. Although for some specific trades we can see premiums being ach ...
Thursday, 15 January 15
LOW CASH COSTS, GOOD LIQUIDITY HELP ASIAN OIL COMPANIES IN PRICE ROUT - FITCH
Fitch Ratings says that rated oil and gas production companies in Asia can comfortably operate under low oil prices for some time given their gener ...
Wednesday, 14 January 15
DRY BULK MARKET NOTED ANOTHER WEEKLY DECLINE - INTERMODAL
COALspot.com: The Dry bulk market noted another weekly decline on Friday, with the performance of the Capesize market still weighing down on the re ...
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- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
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