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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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- Sindya Power Generating Company Private Ltd
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- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
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- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
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- Ministry of Finance - Indonesia
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- Toyota Tsusho Corporation, Japan
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- Parliament of New Zealand
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- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
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- European Bulk Services B.V. - Netherlands
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- Power Finance Corporation Ltd., India
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
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- Global Business Power Corporation, Philippines
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- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
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- Energy Development Corp, Philippines
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- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
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- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
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- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
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- Intertek Mineral Services - Indonesia
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- Merrill Lynch Commodities Europe
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- Rio Tinto Coal - Australia
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- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
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- Australian Coal Association
- Africa Commodities Group - South Africa
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- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
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- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
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- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
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- CIMB Investment Bank - Malaysia
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