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Wednesday, 03 May 17
MALAYSIA SEEMS AS BIGGEST ADARO COAL IMPORTER IN Q1' 17
 COALspot.com: In 1Q17, 30% of Adaro's sales went to Indonesia, the data from unaudited consolidated financial statement shows.
Malaysia came second (15%), as the country increased its coal-fired power generation capacity. Adaro’s sales to India and China declined to 5% and 2%, respectively, due to priority allocation to Adaro’s premium customer, including domestic market, the company said in its latest financial statement. Adaro’s sales to Korea, Japan, Hong Kong and Taiwan were reported at 13%, 12%, 6%and 6% respectively.
PT Adaro Energy Tbk, the Indonesia's one of the largest coal producers operational EBITDA increased 44% to US$276 million in 1Q, 2017.
According to Company's unaudited consolidated financial statements for the first three months of 2017, the company's Core businesses’ after-tax earnings, increased 63% year-on-year to US$132 million and the company also maintained a strong liquidity of US$1,193 million, as Adaro Energy (AE) generated strong cash flow providing flexibility and support against the changing dynamics in the coal market.
“We remain cautiously optimistic with the dynamics in the coal market. Amidst the volatile condition, we continue to promote operational excellence and focus on efficiency and productivity across our three pillars of growth. We generated a solid Operational EBITDA and maintained a strong liquidity, ensuring business sustainability. Adaro Energy’s good start to the year demonstrated the strength of our vertically integrated business model and we are well positioned for the challenges and opportunities that lie ahead”, said Adaro Energy’s President Director and Chief Executive Officer, Mr Garibaldi Thohir.
The company's average selling price of coal increased in 1Q by 39% compared to the same period last year as coal market conditions improved this year. In 1Q17, the company said, it booked US$727 million of revenue, a 24% increase from the same period last year. The company's coal production in 1Q17 totalled 11.86 Mt. The company is also planning to produce 52-54 Mt of coal in 2017.
Due to the higher revenue, the company has paid US$75 million (up 26% YoY) as royalties to the Government of Indonesia in 1Q. The royalties to the Government of Indonesia that accounted for 15% of the total cost of revenue.
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Monday, 08 May 17
US WEEKLY COAL OUTPUT ON THE DOWN - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 13.8 million short tons ...
Thursday, 04 May 17
SUPRAMAX: INDO COAL ROUNDS LEVELS WITH DELIVERY CHINA IS TRADING AROUND LOW $6K, TRIP BACK TO CHINA
Supramax
The short week brought weaker rates across all routes. Supras from USG to Japan were fixed around $19-20 k daily and from ECSA to ECI $1 ...
Wednesday, 03 May 17
MARKET INSIGHT - STELIOS KOLLINTZAS
The overall performance of each sector within the edible oil markets has remained poor for the past weeks. Apart from the veg oil exports fro ...
Tuesday, 02 May 17
THE FREIGHT MARKET CONTINUE TO SLUMP THIS PAST WEEK
COALspot.com: The Freight market continues to slump this past week, as all segments except Handy Size show a negative downward trend.
The Balt ...
Friday, 28 April 17
U.S PRODUCED LESS COAL THIS PAST WEEK COMPARED TO THE PREVIOUS WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14 million short tons ( ...
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- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
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- New Zealand Coal & Carbon
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- Aditya Birla Group - India
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
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- Simpson Spence & Young - Indonesia
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- Planning Commission, India
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- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
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- Meenaskhi Energy Private Limited - India
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- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
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- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
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- Eastern Coal Council - USA
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- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
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- Renaissance Capital - South Africa
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- Singapore Mercantile Exchange
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- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
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- PTC India Limited - India
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- Economic Council, Georgia
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- CIMB Investment Bank - Malaysia
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- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Deloitte Consulting - India
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- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
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- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
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- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
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- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
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- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
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- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- ASAPP Information Group - India
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- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
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- Ministry of Mines - Canada
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- Australian Coal Association
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