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Tuesday, 18 February 20
ADARO SHIPPED 27 PERCENT OF ITS TOTAL COAL PRODUCTION IN 2019 TO INDIA AND CHINA
 PT Adaro Energy Tbk (AE) produced 58.03 Mt of coal from PT Adaro Indonesia (AI), Balangan Coal Companies and Adaro MetCoal Companies (AMC), 7% higher compared to 2018 and higher than our 2019 production guidance of 54-56 Mt.
According to Adaro Energy Quarterly Activities Report Fourth Quarter of 2019, Overburden removal reached 272.09 million bank cubic meter (Mbcm), 1% lower y-o-y, and resulted in a blended actual strip ratio of 4.69x for 2019. The strip ratio result was slightly higher than the company’s 2019 guidance of 4.56x.
Adaro’s report further noted that, solid demand for their thermal and metallurgical coal products underpinned their 2019 sales achievement of 59.18 Mt, 9% higher year-over-year (y-o-y).The Southeast Asia region remained as Adaro’s leading sales destination, constituting 42% of AE’s sales in 2019. AE’s coal production in 4Q19 reached 13.91 Mt, 8% lower than 4Q18, to comply with the production plan of each coal mining subsidiary and coal sales in 4Q19 was 14.52 Mt, a 4% decrease from 4Q18. Overburden removal in 4Q19 reached 62.07Mbcm, and resulted in a strip ratio of 4.46x, 10% and 3% lower compared to 4Q18.
Adaro Energy’s Quarterly Activities Report Fourth Quarter of 2019 further said, despite macro and industry challenges in 2019, demand for Adaro coal remained solid. Customers continued to inquire for company’s Envirocoal product as they recognize and value the low pollutant content of the coal and the reliability of supply company provides.
Sales to Southeast Asia, according to the report, including Indonesia, constituted 42% of total sales volume in 2019. The company’s sales volume to Southeast Asia increased 14% y-o-y. Indonesia and Malaysia were Adro’s two biggest markets in Southeast Asia. Meanwhile, East Asia made up 29% of sales, followed by India and China at 15% and 12%, respectively. This is in line with India’s higher coal import in 2019.
The following shows the geographical breakdown of Adaro’s customers in 2019.
Southeast Asia 42% | East Asia 29% (Excluding China) | India 15% | China 12% AND Others 2% (include Europe, New Zealand and Pakistan)
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Friday, 13 March 20
PANAMAX: SLIGHTLY STRONGER NUMBERS IN BOTH BASINS THIS WEEK - FEARNLEYS
Cape
Still very sad times for the big ships, and merit in further trading at present levels is highly debatable for most tonnage. Spot fixtures ...
Friday, 13 March 20
TOP 4 ACCOUNTING CONSIDERATIONS AFTER THE IMPLEMENTATION OF IMO 2020 - PWC
To install or not to install?
Following the IMO 2020 global low sulphur cap for marine fuel effective since 1 January 2020, many shi ...
Friday, 13 March 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Friday, 13 March 20
KOREA SOUTH-EAST POWER INVITED BIDS FOR 390,000 MT OF THERMAL COAL FOR MAY-JUNE 2020 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN), has issued an international tender for total 390,000 Metric Tons of coal for May & June ...
Thursday, 12 March 20
INDIA 2019 THERMAL COAL IMPORTS RISE 12.6% TO NEARLY 200 MILLION TONNES - REUTERS
India’s thermal coal imports rose 12.6% to nearly 200 million tonnes in 2019, government data reviewed by Reuters showed, reflecting the seco ...
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- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Planning Commission, India
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Australian Coal Association
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
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