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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$28 per ton in 2016.
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Thursday, 04 February 16
CAPESIZE: WEST AUSTRALIAN TO CHINA HAS BEEN CONCLUDED AT US$ 2.85 PMT AND THE C3 MARKET REMAINS INACTIVE - FEARNLEYS
Capesize
As everyone is getting ready for the Chinese new year, already depressed rates are under further pressure.
According to Fearnleys, ...
Wednesday, 03 February 16
DRY BULK MARKET CONTINUES TO BE UNDER PRESSURE - INTERMODAL
The Dry Bulk market continues to be under pressure, with the BDI remaining in search of even the slightest support, which seems to be delaying more ...
Tuesday, 02 February 16
RECORD EXPORTS THROUGH SOUTH AFRICA'S RICHARDS BAY COAL TERMINAL MADE AT EXPENSE OF SMALLER RIVALS, IHS SAYS
Five percent increase in coal exports through South Africa’s dominant Richards Bay Coal Terminal in 2015 unlikely to accelerate country&rsquo ...
Tuesday, 02 February 16
SETTING ASIDE, STRIKING OUT AND APPEALS TO THE COURT OF APPEAL IN SHIP ARRESTS - RAJAH & TANN ASIA LLP
KNOWLEDGE TO ELEVATE
The Singapore Court of Appeal once again has had to grapple with ship arrest, setting aside and appeals to the Court unde ...
Monday, 01 February 16
DRY BULK SUFFERS FROM POSEIDON'S POTENT PRONGS - CLARKSONS
It has been a grim start to 2016 for the bulkcarrier market, with the Baltic Dry Index sliding to new record lows on almost every day of the year s ...
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- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- PTC India Limited - India
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
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