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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, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...
Tuesday, 15 February 11
INDONESIAN COAL FOR HARYANA THERMAL PLANTS - PUNJAB NEWS LINE
To tide over the recurring coal shortage at thermal plants Haryana Power Generation Corporation Limited (HPGCL) has gone for Malaysian coal for its ...
Tuesday, 15 February 11
TONNAGE OVERSUPPLY TO CHOKE FREIGHT RATES IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a new report assessing the dry bulk market, BIMCO’s analysis suggests that freight rates for Capesize vessels are likely to remain depresse ...
Sunday, 13 February 11
COAL MARKETS 2011 TO HIGHLIGHT INDONESIAN COAL AND NEW SOURCES OF COAL SUPPLY
“Over 300 senior decision-makers from coal mining, power and trading companies expected to congregate in Singapore”
Press Release - K ...
Sunday, 13 February 11
YEAR OF RABBIT PUSHING FREIGHT MARKET UP
COALspot.com – “The market finally moved up with firmness in all sectors with some positive signs of markets recovering”, said Cap ...
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- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Planning Commission, India
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Indian Energy Exchange, India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Central Electricity Authority - India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
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