We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 22 January 19
AUSTRALIA'S YANCOAL PRODUCED 50 MMT SALEABLE COAL IN 2018 UP 59 PER CENT ON THE YEAR PRIOR, THE QUARTERLY REPORT SHOWS
According to the report, the miner's quarterly (Q4' 18) saleable coal production of 12.4 Mmt. Includes 10.5 Mmt (85 per cent) from the Comp ...
Monday, 21 January 19
KOSPO INVITING BIDS FOR 320K MT OF LOW CALORIFIC VALUE COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 3,800 kcal/kg NCV low calo ...
Monday, 21 January 19
SUPRAMAX: INDONESIAN COAL RUNS, TONNAGE WAS GIVING APS DELIVERIES AND A 57,000DWT SHIP FIXED AT $7,000 FOR A TRIP TO WEST COAST INDIA - BALTIC BRIEFING
Capesize
A positive end to a week that saw rates on the West Australia/China run slip below $6.00, as charterers faced a plentiful supply ...
Monday, 21 January 19
HARD COAL WORLD TRADE IN 2018 RISES BY 3.7 PER CENT; GLOBAL HARD COAL PRODUCTION INCREASES BY 1.7 PER CENT - VDKI
Global Hard Coal Production Increases By 1.7%.
According to provisional calculations by the German Coal Importer Association (VDKi), ...
Sunday, 20 January 19
OIL MARKET REPORT: A MARATHON, NOT A SPRINT - IEA
Last month, we asked if there was a floor under prices following the signing of a new Vienna Agreement that aims to re-balance the oil market. Foll ...
|
|
|
Showing 1486 to 1490 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Posco Energy - South Korea
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
|
| |
| |
|
