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Friday, 22 November 19
FORTY PERCENT OF ADARO'S COAL SALES VOLUME IN 9M19 GOES TO THE SOUTHEAST ASIA REGION
 PT Adaro Energy Tbk released its consolidated financial statements yesterday, for the nine month period, ending September 30, 2019.
President Director and Chief Executive Officer, Mr. Garibaldi Thohir, said “We deliver solid financial results on the back of healthy volume growth year-on-year. Demand for our coal remains solid, yet global coal prices continued to be under pressure due to macroeconomic and industry headwinds. In the midst of this challenging time, we continue to focus on operational excellence and efficiency. We remain positive on the long-term coal market fundamentals and continue to execute our strategy for business sustainability. Our recent bond issuance will further strengthen our financial position and capital structure to weather the short-term market volatility.”
Adaro recorded an operational EBITDA of US$976 million and maintained solid operational EBITDA margin at 37%. Adaro says, the company is in line to achieve the company's 2019 operational EBITDA guidance of US$1-US$1.2 billion. The company's core earnings remained at US$513 million and liquidity is at US$1,267 million, with cash balance of US$1,008 million. Adaro's balance sheet stood at healthy level with Net debt to equity and net debt to last 12 months operational EBITDA of 0.06x and 0.22x, respectively.
Adaro's revenue according to the report, reached US$2,654 million in 9M19, relatively flat year-over-year (y-o-y). The company also recorded 14% increase in sales volume to 44.66 Mt y-o-y, however Adaro's average selling price (ASP) was 13% lower y-o-y as coal prices declined. In 9M19, Adaro mined 44.13 Mt of coal, a 13% increase y-o-y.
"Solid demand for our coal during the period and strong operations performance supported the improvement. We are on track to achieve our 2019 production guidance of 54-56 Mt", Adaro says.
The dry weather in 3Q19 contributed to the AE's strong operational achievement. According to report, the AE’s coal production in 9M19 of 44.13 Mt was 13% higher compared to 9M18, while our sales volume increased 14% y-o-y to 44.66 Mt in 9M19. AE’s coal production in 3Q19 reached 15.66 Mt, 5% higher than 3Q18, which marked a new record for quarterly production.
The company's sales of coal in 3Q19 increased 3% compared to 3Q18 to 15.89 Mt. Adaro says, the Southeast Asia region continued to be their main sales destination and accounted for 40% of AE’s sales volume in 9M19. Adaro also says, they had strong buying interest from India in 3Q19, as a result of high power generation demand in the country.
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Tuesday, 17 December 19
AUSTRALIA ENERGY MARKET OPERATOR TURNS SCROOGE ON COAL LOBBY: RUSSELL
Australia, which vies with Indonesia for the title of the world’s largest coal exporter, is planning for an electricity future where use of t ...
Tuesday, 17 December 19
BACK TO FUTURE FOR BUSH AS AUSTRALIA CONSIDERS MOVING AWAY FROM COAL NEWCASTLE - HERALD
Looking backwards could show the way forward for regional communities planning for a future beyond mining.
One of Australia’s ...
Tuesday, 17 December 19
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.01 PCT - XINHUA
China Taiyuan coal transaction price index stood at 133.16 points, down 0.01 percent week on week.
The index, released by China Taiy ...
Tuesday, 17 December 19
YEAR 2019: IT IS LOOKING SET THAT THIS YEAR WILL BE ONE OF THE SLOWEST IN TERMS OF DRY BULK NEWBUILDING ACTIVITY - ALLIED
With just two weeks remaining before 2019 comes to an end, it is now looking set that this year will be one of the slowest in terms of dry bulk new ...
Monday, 16 December 19
ULTRAMAX: A 63,000DWT SHIP FIXING DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, FOR RE-DELIVERY TO CHINA AT $11,000 - BALTIC BRIEFING
Capesize
It was one-way traffic for the Capesize market this past week, with all routes giving up value. While downward momentum may have slowe ...
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- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
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