We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 20 May 20
ADARO ENERGY BOOKED A 5% INCREASE IN COAL PRODUCTION VOLUME Y-O-Y IN 1Q2020
 PT. Adaro Energy Tbk, Indonesia’s one of the largest coal miner, booked a 5% increase in coal production volume year-over-year in 1Q2020. The already weakening coal market was further hit by Covid-19 as global industrial and business activities slowed down to curb the virus spread, financial performance report for Q1’20 said.
President Director and Chief Executive Officer, Mr. Garibaldi Thohir, said “Our performance in 1Q20 reflects the operational excellence of our core coal assets as we recorded solid production volume amid the difficult market condition. In this challenging time for the global economy and the coal market, we continue to improve our efficiency, ensure discipline in spending and maintain a solid balance sheet. At the same time we need to safeguard the health and safety of our people to ensure safe, reliable operations. This is an unexpected challenge for all of us, and I would like to acknowledge the effort from our employees who have stepped up to the challenge. Adaro Energy is well-positioned to weather this near-term challenges supported by our solid operations and financial position. Our efficient integrated business model has been proven to withstand coal cycles and the non-coal mining pillars will continue to provide stable contribution to Adaro Energy and balance the volatility of coal.”
According to financial performance report for the period ended March 31, 2020, the company has achieved production of 14.41 Mt, a 5% increase from 1Q19. The company also recorded an operational EBITDA of US$265million,and core earnings of US$136million in the quarter and the meantime, the net capital expenditure in the quarter was US$56 million.
The report further noted that, the company has recorded revenue of US$750 million in 1Q20, declined by 11% compared to the same period in 2019, mainly due to 17% lower average selling price (ASP).
The already subdued coal price was further pressured by slower demand as global economies slowed down due to Covid-19 imposed lockdown. Both thermal coal and metallurgical coal segment of our coal mining operations were adversely impacted as global coal prices declined, AE said in its report.
The report further noted despite the challenging coal market, the company's sales volume increased 8% y-o-y to 14.39 Mt in 1Q20 supported by solid demand. Gross Profit of the company declined 25% year on year to US$ 198 million in 1Q 2020 and gross profit margin declined by 5% to 26.4%. In the meantime, operating income declined to US$ 128 million down 36% and operating margin declined by 6% to 17.1% compared to same period last year.
Royalties to the Government of Indonesia decreased by 13% y-o-y to US$80million, in-line with the lower revenue recorded in 1Q20 as a result of lower ASP y-o-y, the report indicted.
Adaro remains firm with the long term fundamentals of the thermal coal market as regions such as Southeast Asia and South Asia continue to pursue improvements in their power sector.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 29 May 20
KOMIPO ON BEHALF FIVE KOREAN GENCOS INVITED COAL BIDS FOR 5,700 & 4999 NCV COAL FOR AUGUST 2020 LOADING
COALspot.com: South Korea’s Korea Midland Power Co.,Ltd (KOMIPO) on behalf five (5) Korean Gencos has Issued an International Tender for tota ...
Friday, 29 May 20
DRY BULK SHIPPING: NO QUICK RECOVERY FOR THE DRY BULK MARKET AS COVID-19 DIGS DEEPER
The outlook is poor for dry bulk, as the negative demand shock and overcapacity come together to send rates to multi-year lows, even a return to wo ...
Thursday, 28 May 20
COVID-19: A FORCE MAJEURE EVENT? - KYPRIANOU
KNOWLEDGE TO ELEVATE
While seeing the unexpected COVID-19 outbreak expanding worldwide and the first cases being identified in Cyprus, the com ...
Thursday, 28 May 20
OIL DEMAND RECOVERED BY 20% IN MAY AGAINST APRIL: RUSSIAN ENERGY MINISTER - TASS
Oil demand remains at a low level but the demand in May increased by 20% against April, Russian Energy Minister Alexander Novak said, cited by the ...
Thursday, 28 May 20
MARKET INSIGHT - INTERMODAL
Earlier in May, China’s top leaders convened for the annual National People's Congress, following over two months of delays due to the co ...
|
|
|
Showing 946 to 950 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- PTC India Limited - India
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- The University of Queensland
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
|
| |
| |
|
