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Monday, 05 September 16
INDIA BECAME ADARO'S SECOND LARGEST MARKET IN 1H' 16
 COALspot.com: The Wara Balangan blend product has been well received by customers in China and India - AI
In the second quarter of 2016, Adaro has produced 13.23 Mt of coal from its coal mines including PT Adaro Indonesia (AI), PT Semesta Centramas (SCM) and PT Laskar Semesta Alam (LSA), a 4% increase compared to 12.72 Mt in the same period last year.
According to Adaro Energy's quarterly activities report, the total coal production of AI, for the first six months of 2016 reached 25.86 Mt, relatively flat year-on-year.
Adaro has sold 13.66 Mt of coal in the second quarter, 4% higher compared to the same period in 2015. Total sales volume for 1H16 was 27.13 Mt, 2% higher compared to 1H' 15.
PT Adaro Energy In 2Q16, produced 12.96 Mt and sold 13.18 Mt of coal. The quarterly activities report of AI says, the total coal production in 1H' 16 was 25.20 Mt, 1% lower compared to 1H' 15.
“ We continued to be a leading supplier to the domestic market and are committed to meeting Indonesia’s growing coal demand . Our domestic sales portion for the first six months of 2016 was 24%, “ Adaro says in its report.
Adaro sold 24% of its coal to Indonesia in 1H'16 and a 16% to India and a 14% for China.
A 8% of Adaro coal goes to Hong Kong, Japan and Malaysia, while Adaro sold 7% and 3% of its coal to Korea, the Philippines and Taiwan respectively during 1H’16. A 5% of coal goes to Spain during first six months of this year.
During 1H’ 16, Adaro entered into an agreement to purchase the 75% interest in Indomet Coal Project (IMC) for US$120 million. IMC comprises of seven CCOWs located in Central and East Kalimantan. Adaro says, the completion of the sale is conditional upon the fulfillment of regulatory approvals. According to Adaro’s quarterly activities report, the CCOWs are reported to have metallurgical coal resources of 1.27 billion tonnes.
From the point of view of the Adaro Energy, during the 2Q’16, there was an improvement in the dynamics of the coal market driven by government-backed production cuts in China which led to supply tightness in the country. This in turn has opened up the arbitrage for imported coal into China, thus propping up the global coal price, evident by a 2% increase on average of the Global Coal Newcastle price in 2Q16 to US$51.54 from US$50.32 in 1Q16.
Continuation of China ’s production cuts caused more imports into the country and further supported the global coal price. Global Coal Newcastle reached US$62 in July, the highest in the past 17 months. In India, a strong performance by hydro power stations led to a dip in coal-fired generation in June. Demand for AI’s coal was strong and India became Adaro’s second largest market in the 1H16 . However, Adaro expects a slower coal import into India until the end of the year and hence lower sales from Adaro.
Adaro further noted that, the production discipline is also prevalent in Indonesia, the world ’s largest thermal coal exporter. Based on information from the Ministry of Energy and Mineral Resources, Indonesia has committed at the beginning of this year to reduce coal production by approximately 11% to 419 million tonnes (Mt). Data from the Ministry of Energy and Mineral Resources shows that coal production from CCOW miners, which account for up to 80% of Indonesia’s production , declined by 30% year on year in the first six months of 2016. Indonesia exports for the period declined 32% while domestic consumption increased 8%.
Other coal exporting countries maintained flat or slightly higher exports volume. Australian producers cost-cutting measures continue to support exports from that country.
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Monday, 29 August 16
THE FREIGHT MARKET WAS STEADY AND FIRM THIS PAST WEEK; BCI ROSE 18.74%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 26 August 16
WEEKLY US COAL OUTPUT UP 0.7% W/W TO 16 MMST: EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
Thursday, 25 August 16
SUPRAMAXES ARE BEING FIXED IN REGION OF $9000
Supramax
Due to Chinese coal imports which continues to source much of the tonnage in SE Asia combined with a good flow of mineral exports ex Aus ...
Wednesday, 24 August 16
MARKET INSIGHT
Brazil and the world bid farewell on Sunday to the first Olympic Games in South America in the midst of a finale meant to be both one last bash and ...
Wednesday, 24 August 16
DRY BULK VESSELS FACE CONTINUED DISTRESS - CLEAR ASSET
Dry bulk vessels have faced extreme distress in recent years. With a combination of factors including newer vessels being ordered with up to 5-year ...
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- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
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