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Tuesday, 08 August 17
COAL SALES DESTINATION IS DOMINATED BY DEVELOPING COUNTRIES IN ASIA - ADARO
COALspot.com: AdaroAdaro Energy has produced 13.27 million tonnes of coal during the second quarter of 2017, from the mines PT Adaro Indonesia, PT Semesta Centramas, PT Laskar Semesta Alam and Adaro MetCoal Companies a slight increase compared to 13.23 Mt in the second quarter of 2016.

AE’s total coal production for the first six months of 2017 reached 25.13 Mt, 3% less than in the same period last year, the company said in its Second Quarter Activities Report.

In the quarter, the company said, it has sold 13.24 Mt of coal, 3% lower compared to 2Q16. Total sales volume for 1H17 was 25.27 Mt, 7% less than 1H16.

As Indonesia’s coal requirement grows, the Adaro said, the company is committed to meet the nation’s growing coal demand. The Adaro’s domestic sales portion for the first six months of 2017 was 23% or almost one-fourth of its total sales.

The company further noted that the company’s coal sales destination is dominated by developing countries in Asia, in-line with the company’s view that these countries will be driving coal demand going forward.

According to Quarterly Activities Report of Adaro Energy, the company has shipped 14% of its total sales coal to Malaysia, China 11%, Japan 10%, Korea 8%, Taiwan 7%, Hong Kong 7%, India 6%, Span 4%, USA 4% and the Philippines 2 %. The Vietnam, The Netherlands, Singapore, Switzerland, Thailand and other countries together imported 4% of Adaro Energy’s coal during first 6 months of this year.


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Recent News

Thursday, 10 August 17
ANOTHER ACTIVE WEEK FOR THE PANAMAXES WITH INCREASING RATES IN BOTH HEMISPHERES - FEARNLEYS
Supramax Both basins have remained fairly flat, could say slightly to the negative. A quiet start of the week in the Pacific with holidays in Sin ...


Wednesday, 09 August 17
THE KEY IMPORTERS OF U.S. COAL FOR THE FIRST FIVE MONTHS OF 2017 ARE THE NETHERLANDS, INDIA AND JAPAN - PETER SAND, BIMCO
US seaborne coal exports have turned years of negative growth around and seem to be climbing for a third quarter in a row. The increase in total vo ...


Wednesday, 09 August 17
INDONESIAN COAL PRICE REFERENCE INCREASE COULD CONTINUE IN THE COMING MONTHS
COALspot.com: Indonesian coal benchmark price rose 6.36% in August, government data showed. The benchmark price of Indonesian thermal ...


Wednesday, 09 August 17
COAL HAS GAINED AROUND 40% OVER THE PAST TWELVE MONTHS; IRON ORE HAS MOVED FROM AROUND $50/T IN AUGUST 2016 TO OVER $70/T TODAY - INTERMODAL
During the summer’s peak, and with the markets remaining relatively quiet, we can argue that most markets have built solid foundations to enj ...


Tuesday, 08 August 17
THE BULLISH RIDE CONTINUES ON FOR THE IRON ORE MARKET - GEORGE LAZARIDIS
The bullish ride continues on for the iron ore market, with most in the market now eyeing the possibility for further gains to be had as Chine ...


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