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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$62 in July, the highest in the past 17 months. In India, a strong performance by hydro power stations led to a dip in coal-fired generation in June. Demand for AI’s coal was strong and India became Adaro’s second largest market in the 1H16 . However, Adaro expects a slower coal import into India until the end of the year and hence lower sales from Adaro.
Adaro further noted that, the production discipline is also prevalent in Indonesia, the world ’s largest thermal coal exporter. Based on information from the Ministry of Energy and Mineral Resources, Indonesia has committed at the beginning of this year to reduce coal production by approximately 11% to 419 million tonnes (Mt). Data from the Ministry of Energy and Mineral Resources shows that coal production from CCOW miners, which account for up to 80% of Indonesia’s production , declined by 30% year on year in the first six months of 2016. Indonesia exports for the period declined 32% while domestic consumption increased 8%.
Other coal exporting countries maintained flat or slightly higher exports volume. Australian producers cost-cutting measures continue to support exports from that country.
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Thursday, 04 August 16
INDONESIAN COAL PRICES ARE STARTING TO ZOOM HIGHER; HBA ROSE 10.13% TO US$ 58.37 PER TON
COALspot.com: The Indonesia coal benchmark price hits to its highest level since August 2015.
The Director General of Mineral and Coa ...
Thursday, 04 August 16
BREXIT: IMPLICATIONS FOR GLOBAL SHIPPING AND SEA TRADE - EVERSHEDS
The buzzword for the post-Brexit landscape both in Europe and further afield is ‘uncertainty’. No-one really knows the long term effect ...
Wednesday, 03 August 16
RECAAP INFORMATION SHARING CENTRE ISSUES SPECIAL REPORT ON THE ABDUCTING OF CREW FROM SHIPS IN WATERS OFF EASTERN SABAH AND SOUTHERN PHILIPPINES - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In the light of three incidents where the crew of tug boats were abducted in the waters off Eastern Sabah and Southern Ph ...
Wednesday, 03 August 16
SHIPPING MARKET INSIGHT - EVA TZIMA
The Good…
Demand. Amidst all the unprecedented geopolitical turmoil and shifts in the likes of Brexit, the IMF lowered last month its glob ...
Wednesday, 03 August 16
SHIP TRADING AND ORDERING CLOSE TO A STALEMATE AS SUMMER LULL KICKS IN
With newbuilding activity already at a near standstill since the start of the year, most of 2016’s trading activity in shipping was evident i ...
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- Minerals Council of Australia
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- PTC India Limited - India
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
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