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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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Tuesday, 09 August 16
CS50 COAL INDEX HITS NEW FIFTY-WEEKS HIGH
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 1.78% week over week to averaging $41.85 per ton this past week, shows CS (i) C ...
Tuesday, 09 August 16
HARD COAL PRODUCTION AND WORLD TRADE ON THE DECLINE FOR THE FIRST TIME IN YEARS - VDKI
Hard coal production and world trade on the decline for the first time in years – not a harbinger of a global energy turnaround
Worldwid ...
Tuesday, 09 August 16
BREXIT, BRITANNIA AND THE WAVES - TREVOR CROWE, CLARKSON RESEARCH
This week, the Bank of England put into place its action plan following the UK referendum on 23rd June, which indicated the British population&rsqu ...
Monday, 08 August 16
INDONESIA'S DRAFT MINING LAW HINTS AT FUTURE REGULATORY FRAMEWORK
KNOWLEDGE TO ELEVATE
COALspot.com: A draft mining law published by Indonesia's Minister of Energy and Mineral Resources provides use ...
Monday, 08 August 16
THE TURKISH GOVERNMENT HAS IMPOSED A $15 A TON DUTY ON POWER PLANT COAL IMPORTS - MEDIA
COALspot.com: The Turkish government has imposed a US$15 per ton duty on thermal coal imports for use in its power sector.
According to media ...
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- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Australian Coal Association
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
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