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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, 26 May 19
SUPRAMAX: A LIMITED ACTIVITY WAS REPORTED, WITH THE UPCOMING INDONESIAN HOLIDAYS SLOWING COAL MOVEMENTS - BALTIC BRIEFING
Capesize
The past week marked one of the busier periods for Capesizes this year. With a subdued start due to a public holiday in Singapore on M ...
Wednesday, 22 May 19
SHIPPING MARKET INSIGHT - INTERMODAL
The ship repair sector is showing a constant and gradual increase on the workload throughout the past months, with almost all the shipyards worldwi ...
Saturday, 18 May 19
SUPRAMAX: 56,000DWT OPEN PANJANG FIXING AT $10,500 FOR A TRIP VIA INDONESIA, AND REDELIVERY CHINA - BALTIC EXCHANGE
Capesize
The market continues to ebb and flow with a generally positive up trend. The Capesize 5TC opened with upward momentum from last week&r ...
Friday, 17 May 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 16 May 19
SUPRAMAX: INDO/CHINA COAL RV TRADING AROUND US$ 9,000 BSS S.CHINA DELIVERY - FEARNLEYS
Capesize
This volatile segment is trying to find a clear direction from the present US$ 12,000/day earnings for standard units says Fearnleys W ...
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Showing 1396 to 1400 news of total 6871 |
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- Antam Resourcindo - Indonesia
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- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
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- Petron Corporation, Philippines
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- The University of Queensland
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
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- Bangladesh Power Developement Board
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- Chamber of Mines of South Africa
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- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Economic Council, Georgia
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- SMC Global Power, Philippines
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- SMG Consultants - Indonesia
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- Parry Sugars Refinery, India
- GMR Energy Limited - India
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- Karbindo Abesyapradhi - Indoneisa
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- Indian Oil Corporation Limited
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- Indogreen Group - Indonesia
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- CNBM International Corporation - China
- Singapore Mercantile Exchange
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- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
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- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
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- New Zealand Coal & Carbon
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- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
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- Eastern Energy - Thailand
- White Energy Company Limited
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- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
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- Alfred C Toepfer International GmbH - Germany
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- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
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- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
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- Planning Commission, India
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- Mercator Lines Limited - India
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- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
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- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Petrochimia International Co. Ltd.- Taiwan
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- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
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- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
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- Ministry of Finance - Indonesia
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- Attock Cement Pakistan Limited
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