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Saturday, 31 October 15
ADARO ENERGY'S CORE EARNINGS DECLINE 21 PER CENT FOR THE NINE MONTHS PERIOD TO SEPTEMBER 2015
 COALspot.com: Adaro Energy's core earnings decline 21% to US$228 Million for first 9months of this year compared to the same period last year. However, despite Challenging market conditions, Adaro lowers costs, lowers debt and delivers strong free cash flow.
Indonesia’s second largest coal producer Adaro Energy lodged its un-audited consolidated financial statements for the first nine months of 2015 on 30 October 2015.
“We recognize the tremendous pressure on our profitability as coal prices continue to drop. The challenging conditions have tested our vertically integrated business model and our results have shown the resiliency of the business model,” said Mr. Garibaldi Thohir, President Director and Chief Executive Officer of Adaro Energy.
He further said that, “ we will achieve our FY15 operational EBITDA guidance of US$550 million to US$800 million. We are staying the course and keep implementing our strategy to strengthen our core for business sustainability.”
“ We continue with our strategy to develop the three engines of growth for our company – coal mining, mining services and logistics, and power. We continue to execute operational excellence, improve cost efficiencies along our coal supply chain, strengthen our logistics unit, move further downstream into power and pay an annual cash dividend,” said President Director and Chief Executive Officer of Adaro Energy.
According to Adaro’s press release, the company has revised its production guidance for 2015 to 52 - 54 Million tonnes (Mt) from 54 – 56 Mt.
The company’s Average Selling Price (ASP) has declined year over year as oversupply persists in the coal market. Adaro has recorded 14% lower Average Selling Price (ASP) year over year for the nine month period to September 2015.
Adaro further noted that, the miner’s revenue fell 16% to US$ 2.112 billion as company’s sales volume declined 3% to 41.2 Mt for the nine month period to September 2015. Production volumes also decreased 5% to 39.8 Mt due to lower demand growth.
According to the press report, the company is still anticipating market conditions to continue to be difficult for the rest of the year. Demand growth will remain sluggish and prices will continue to be in a descending mode for the rest of the year.
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Friday, 30 October 15
INDONESIA'S COAL EXPORTS DROP ON LOW PRICES - THE JAKARTA POST
Indonesia's coal exports significantly dropped in the first nine months of the year as coal companies continued to suffer from low prices in ad ...
Friday, 30 October 15
CHINESE MINERAL IMPORTS: MOVING ON FROM INDONESIA? - CLARKSONS
China has accounted for almost 90% of global imports of nickel ore and bauxite in recent years and was therefore heavily hit by the Indonesian mine ...
Friday, 30 October 15
COAL PRODUCTION IN THE UNITED STATES INCREASED THIS WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.5 million shor ...
Thursday, 29 October 15
IRAN'S RETURN TO OIL MARKETS WILL HAVE TEMPERED IMPACT FOR THE TANKER SHIPPING INDUSTRY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
While many analysts appear to be fearful of a potential incremental rise in tanker ships’ supply, as a result of the imminent return of Iran ...
Thursday, 29 October 15
Q2' 16 FOB INDONESIA COAL SWAP CLOSED US$ 37.40 PER TON; DECLINED 5.56 PER CENT M-M
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and week over week.
The Q4 swap declined $ 2.13 (-5.34%) per t ...
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- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Energy Development Corp, Philippines
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
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