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Monday, 01 February 16
INDONESIA'S SECOND LARGEST COAL MINER ADARO ENERGY HAS PRODUCED 51.46 MT IN 2015; 8% LOWER COMPARED TO FY14
 COALspot.com: Adaro Energy, the Indonesia’s second largest coal producer by volume has produced 51.46 Mt in 2015, 8% lower compared to FY14 and slightly below miner’s 52 Mt to 54 Mt production guidance in 2015, the company says, in its Fourth Quarter of 2015 Activities Report.
In the fourth quarter of 2015, according to the company’s fourth Q42015 activities report, the company produced 11.64 million tonnes, 19% lower compared to the same period in 2014.
The company further noted in the report that, the company has removed 53.56 million bank cubic meter (Mbcm) of overburden in the quarter, 31% lower than 4Q14.
The report says, the company has sold 11.91 Mt of coal in Q4’15, 19% lower compared to 4Q14. The sales of E4900 in 2015 increased by 11% compared to the year before, while E5000 and E4000 decreased by 22% and 62% respectively, compared to FY14.
The company, since the fourth quarter of 2015, started to sell a blend of Wara and Balangan product. The Wara Balangan blend improves the quality of Wara’s E4000 product and opens up market in the lower heat value coal category. According to the company, the blend of Wara and Balangan product has been well received by customers in China and India.
According to Indonesia’s second largest coal miner by volume, in spite of some supply response, mainly from Indonesia, it was not enough to restore balance in the market. The countries such as Australia, Russia and South Africa – which were benefitted from the depreciation of their respective currencies to US Dollar, continue to increase production in 2015. This coupled with macro uncertainty and slower demand growth from main coal-consuming countries has prolonged the oversupply.
The company also forecast that the world’s coal market to remain challenging in the near term, and the company to maintain flat production in 2016 of 52 Mt to 54 Mt. The company also expects the company’s coal cash cost to further decline in 2016 to US$26 a tone to US$28 a tonne as oil price continues to weaken and a lower blended average strip ratio of 4.71x.
“ We will continue to execute efficiency across the Group’s operations, improve productivity, preserve cash and implement prudent capital spending,” company says.
PT Adaro Indonesia (AI)
In 4Q15, AI produced 11.39 Mt and sold 11.30 Mt of Envirocoal, lower by 19% and 20% compared to 4Q14, respectively. The company also begins to sell a blend of E4000 and Balangan coal, and sold 0.25 Mt of this coal blend. AI’s total coal production in FY15 was 50.35 Mt, 9% lower compared to FY14.
During 4Q15, AI loaded 66% of its coal tonnage to vessels using floating cranes, 15% by self-geared vessels and 18% was barged directly to domestic customers, report says.
The company also claimed that, the company was continued to be a leading supplier to the domestic market and are committed to meeting Indonesia’s growing coal demand and the Domestic Market Obligation. The company’s domestic sales portion for the year (2015) was 22%.
According to report, AI has shipped 16% of its coal to China, 13% to India, 10% Japan, south Korea & Hong Kong 8% respectively, Malaysia and Spain 7% respectively and others 9% in 2015.
Adaro Energy is planning to produce 52 Mt to 54 Mt of coal and it is expecting to keep its coal cash cost between US$26 to US$28 per ton in 2016.
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Wednesday, 24 February 16
HOW IS THE FUEL MIX FOR U.S. ELECTRICITY GENERATION CHANGING? - EIA
In recent years, there have been changes in the mix of fuels used to generate electricity in the United States. Natural gas and renewable energy so ...
Wednesday, 24 February 16
PRIVATE EQUITY FUNDS LOOKING TO EXIT SHIPPING, MOST NOTABLY DRY BULK, AS OVERORDERING HAS RESULTED IN EXCESS TONNAGE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The injection of more than $13 billion in shipping from various private equity funds over the past few years has resulted in what many feared would ...
Wednesday, 24 February 16
THIRTEEN - NOT ALWAYS AN UNLUCKY NUMBER? - CLARKSONS
Back in early 1999 the price of a 5 year old Panamax bulkcarrier dipped to $13.5m, and ever since analysts have hailed purchase decisions made at t ...
Monday, 22 February 16
4200 GAR COAL INDEX SETTLES AT $27.02, DOWN 0.07% FROM LAST WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.17 percent week over week to averaging $38.89 per ton on this past Friday, ...
Monday, 22 February 16
FREIGHT MARKETS PICKED UP SLIGHTLY THIS PAST WEEK
COALspot.com: The freight markets picked up slightly this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of gl ...
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- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- White Energy Company Limited
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Planning Commission, India
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- PTC India Limited - India
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
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