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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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