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Friday, 04 February 11
ADARO ENERGY FY10 COAL SALES UP 6 PERCENT TO 43.84 MILLION
As reported by insider stories, Indonesian coal miners PT Adaro Energy Tbk has produced 42.20 million tons of coal in 2010, a 4 percent increase compare to 40.59 million tons in the 2009. The 2010's coal production reached 94 percent of its target of 45 million tons despite rainfall and number of rain days.
In an official statement submitted to Indonesia Stock Exchange (IDX), Adaro has reported that, production from the new Wara pit was less affected as it is in the initial stages of development and benefited from a low overburden stripping ratio.
Insider stories further reported that, Adaro's coal sales volume increased 6 percent to 43.84 million tons last year from 41.40 million tons in the previous year. These sales includes the third party coal sales sold by Coaltrade of 1.39 million tons and Envirocoal-Wara of 2.05 million tons.
The miner plans to ramp up production to 46 million tons-48 million tons of coal, including 4 million tons-5 million tons of Envirocoal-Wara in this year. This new product continues to receive strong demand from countries such as India, China, South Korea, and Indonesia.
Coal mining & overburden
PT Pamapersada Nusantara, a wholly owned subsidiary of PT United Tractors Tbk (UNTR), was responsible for 39 percent of Adaro Indonesia’s coal last year. PT Bukit Makmur Mandiri Utama (BUMA), a wholly owned subsidiary of PT Delta Dunia Makmur Tbk (DOID) and PT Rahman Abdijaya (RAJ) were responsible for 19 percent and 14 percent respectively. Slightly less than 2009, Adaro Energy’s subsidiary PT Saptaindra Sejati (SIS) managed 25 percent of the total while Adaro Indonesia itself handled 1%.
PT Rante Mutiara Insani (RMI) assisted in the development of the Envirocoal-Wara pit and contributed 2 percent of Adaro Indonesia’s coal production. In 2010, Pamapersada handled 40 percent of Adaro’s overburden, while BUMA, RAJ, RMI and Adaro Indonesia handled 19%, 8%, 2% and 1% respectively.
SIS handled 30percent, a similar portion as the 31% handled in 2009.
Despite the wet conditions, overburden removal increased 10 percent in 4Q10 to 60.35 million bank cubic meter (bcm). The average overburden removal per day was 710,000 bcm, 616,000 bcm and 648,000 bcm in October, November and December, respectively last year. A new daily production overburden record of 915,000 bcm was set on October 23rd.
In 2010, overburden removal increased 8% to 226 million bcm, however due primarily to the impact of wet weather Adaro’s contractors achieved only 88% of the plan. The rate of increase was well below the 31% increase in 2009, indicating the impact of not having a dry season in 2010. Reported by Insider Stories
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Thursday, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...
Thursday, 24 February 11
SUPRAS ARE FIXED AT CLOSE TO 10K FOR TRIPS VIA INDONESIA TO INDIA WITH COAL - FEARNBULK
Handy
After a short lived surge in rates the Atlantic market has flattened out due to too many spot vessels. The USGulf has cooled down somewhat f ...
Wednesday, 23 February 11
LIMITED AVAILABILITY OF COAL COULD TRIP MEGA POWER PLANT - THE ECONOMIC TIMES
The Economic Times, an Indian leading news paper reported that, an acute shortage of domestic coal is threatening to destabilize new power generatio ...
Wednesday, 23 February 11
DRY BULK MARKET BACK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The two week rise of dry bulk freight rates seems to have come to a halt this week, with the industry’s benchmark, the Baltic Dry Index (BDI) lo ...
Wednesday, 23 February 11
INDONESIA NEEDS TO REVISE EXPORT BAN ON 5600 GAD COAL EXPORT - INDUSTRY
COALspot.com - The Indonesian government may be forced to revise its 2014 timeline for the proposed ban on all low quality coal exports, Patrick Han ...
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- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Planning Commission, India
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
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