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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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Friday, 12 February 16
DRY BULK MARKET'S FORTUNES STILL TIED WITH CHINA'S ECONOMY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The inevitable slowdown of the Chinese economy was expected to hurt dry bulk shipping, but few expected the blow to be this hard, especially given ...
Friday, 12 February 16
COAL PRICES ARE EXPECTED TO DECLINE 13% IN 2016 TO $50 ATON, ON CONTINUED WEAK DEMAND AND OVERSUPPLY - WORLD BANK
COALspot.com: Thermal coal prices fell 9 percent in the fourth quarter on continued weak demand, high stocks, and surplus production, World Bank sa ...
Friday, 12 February 16
U.S. COAL PRODUCTION OFF 5.4% FROM LAST WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 12.9 million shor ...
Thursday, 11 February 16
GLOBAL NEWBUILDING ORDERBOOK IS SHRINKING ON A DAILY BASIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2016 has started right where 2015 left off when it comes to newbuilding ordering activity, i.e. there are slim pickings to be had from shipyards ar ...
Wednesday, 10 February 16
SOUTH AFRICA IS HOPING TO SHIP MORE COAL TO INDIA IN 2016
COALspot.com: South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal in 2015, industry officials ...
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- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- The University of Queensland
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Planning Commission, India
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Posco Energy - South Korea
- Mjunction Services Limited - India
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
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