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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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Sunday, 23 June 19
SUPRAMAX: A 56,000-DWT WAS FIXED FROM INDONESIA TO VIETNAM AT $10,000 - BALTIC BRIEFING
Capesize
The story over the past week has been largely Atlantic dominated as the basin’s uniquely volatile characteristics came into play ...
Saturday, 22 June 19
OPEC'S BATTLE FOR CONTROL OF THE OIL MARKET - WOOD MACKENZIE
Oil supply is confounding expectations. We have just raised our forecasts for non-OPEC production, the latest in a series of incremental increases. ...
Friday, 21 June 19
INDONESIA'S BAYAN RESOURCES SIGNED A COAL SUPPLY AGREEMENT WITH THE BANGLADESH BCPCL TO SUPPLY 23 MILLION TONS OF COAL FOR 10 YEARS
On Monday, 17th June 2019, PT. Bayan Resources signed a Coal supply Agreement with the Bangladesh- China Power Company (Pvt.) Limited. BCPCL is a j ...
Thursday, 20 June 19
BUMI RESOURCES EXPECTS TO SELL 42 MILLION TONS OF COAL IN FIRST HALF - JAKARTA POST
PT Bumi Resources (BUMI), Indonesia's largest thermal coal miner, expects to close the first half of this year with coal sales of 42 million to ...
Tuesday, 18 June 19
TANKER SHIPPING: WHILE WE WAIT FOR 2020 TO KICK IN, IT'S ALL ABOUT POLITICS - BIMCO
Demand drivers and freight rates
Iran, Libya and Venezuela face export limitations because of sanctions and internal political troubles. At the s ...
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- Larsen & Toubro Limited - India
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- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
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- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
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- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
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- Australian Commodity Traders Exchange
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- PowerSource Philippines DevCo
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- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
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- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
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- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
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- Cement Manufacturers Association - India
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- White Energy Company Limited
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- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
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- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- PTC India Limited - India
- Planning Commission, India
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
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- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
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- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- The University of Queensland
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
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- Miang Besar Coal Terminal - Indonesia
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- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
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- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
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- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
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