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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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Wednesday, 21 October 15
MARKET INSIGHT - TIMOS PAPADIMITRIOU
In today’s dry bulk market, both freight rates and asset prices are creating mixed feelings to seasoned ship owners, who tend to instinctivel ...
Wednesday, 21 October 15
INDONESIAN COAL MINER BUKIT ASAM POSTS POSITIVE PERFORMANCE DURING FIRST THREE QUARTERS OF 2015
COALspot.com: Indonesian publicly listed and state controlled coal miner PT. Bukit Asam has announced that, the company’s coal sales up 8 per ...
Wednesday, 21 October 15
LOWER DEMAND HIT Q1' 16 INDONESIA COAL SWAPS
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and week over week.
The Q4 swap declined $ 1.88 (-4.71%) per t ...
Tuesday, 20 October 15
SHIPBROKER SEES CAPESIZE RATES EASILY REACHING $25,000/DAY BY YEAR-END : NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The future course of the dry bulk market has been troubling market participants for quite some time now, as the “elusive” freight rate ...
Tuesday, 20 October 15
FOB RICHARDS BAY COAL SWAPS SINK INTO RED THIS PAST WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 declined week over week and month over month.
The Q4 swap was down US$ ...
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- Eastern Energy - Thailand
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- PowerSource Philippines DevCo
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- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
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- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
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- CNBM International Corporation - China
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- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Independent Power Producers Association of India
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- McConnell Dowell - Australia
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- GAC Shipping (India) Pvt Ltd
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- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
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- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
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- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
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- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
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- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
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- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Planning Commission, India
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Australian Coal Association
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
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- Economic Council, Georgia
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- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Ministry of Mines - Canada
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- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
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- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
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