We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 02 February 13
ADARO TO INTRODUCE A NEW BRAND OF ENVIROCOAL, E4700, IN 2013
 COALspot.com - Adaro Energy, an Indonesian and leading coal producer in country has achieved a record coal production during 4Q12 of 13.31 million tonnes, a 7% increase year-over-year (y-o-y) and 22% increase quarter-over-quarter (q-o-q), despite experiencing a higher than average rainfall.
“ We recorded our second best year of coal production with 47.2 million tonnes. The coal market rebounded toward the end of 2012 after challenging market conditions, mainly due to excess of coal supply, for much of 2H12, the company said in a filing to the Indonesia Stock Exchange.
The company’s filing to the Indonesia Stock Exchange further said, Adaro Energy has exported more coal to India than China. India has imported about 7.08 million tons coal from Adaro Energy during 2012. Around 23 percent of coal produced by Adaro energy has consumed by domestic utilizes.
The statement further said that, “ During 4Q12, our sales volume went up 12% y-o-y and 27% q-o-q to 13.95 million tonnes. The driver for increased sales volume was strong demand for E4000 (Wara) going up 119% y-o-y and 147% q-o-q. Even though there is more competition for low calorific value coal, which has driven the Indonesian Coal Index 4200 GAR prices down, we were able to increase sales volume of E4000 (Wara) by 42% y-o-y to 7.76 million tonnes. In 2012, we delivered E4000 (Wara) to end users in India, China, Thailand, Hong Kong, Korea and Indonesia”.
Adaro has introduced a new product, E4500, which is a blend between E5000 (Tutupan) and E4000 (Wara) to provide more options to our customers as well as to optimize adaro's product portfolio revenue. Adaro claimed that, the company has sold 1.95 million tonnes of E4500 to two customers in Korea and Indonesia during 2012.
To improve efficiency and reduce the cost in 2013, Adaro developing an overburden crushing and conveying system (OPCC) and 2 x 30MW mine-mouth power plant.
Market Analysis
Supply
According to Adaro, the coal market found more support in December 2012 than in the previous four months. The gCN (global Coal Newcastle) index rebounded to an average of US$ 93/tonne in December. “ We believe this was due to negotiations of the Q1 Japanese contracts as well as cold weather in China. Similarly, API4 (FOB Richards Bay), API 6 (McCloskey), Australian off-spec coal and Indonesian Coal Index 5000 GAR followed similar pattern with gCN”, the statement said.
However, the Indonesian Coal Index 4200 GAR did not follow the same trend with gCN due to the strong supply of low calorific value coal in December. The exports from Indonesia continued to grow during 4Q12 supported by imports from China. According to Indonesia’ s Energy and Mineral Resources Minister, Mr. Jero Wacik, Indonesia produced 386 million tonnes of coal in 2012, which was a 23% increase y-o-y. The country exported 304 million tonnes of coal and used the remaining 82 million tonnes for its domestic consumption in 2012.
Adaro is preparing to introduce a new brand of Envirocoal, E4700, in 2013 which is a stand alone, non-blended product mined from Northern area of the Tutupan pit, company said in its statement.
AI sells its Envirocoal to 49 customers in 17 countries, primarily to blue-chip power utilities and some cement producers.
| Indonesia |
10.85 |
Mmt |
(23%) |
| India |
7.08 |
Mmt |
(15%) |
| Spain |
5.60 |
Mmt |
(12%) |
| Japan |
4.24 |
Mmt |
(9%) |
| Korea |
3.77 |
Mmt |
(8%) |
| Hong Kong |
3.77 |
Mmt |
(8%) |
| China |
2.83 |
Mmt |
(6%) |
| Malaysia |
2.36 |
Mmt |
(5%) |
| Taiwan |
1.88 |
Mmt |
(4%) |
| USA |
1.88 |
Mmt |
(4%) |
| Others |
2.83 |
Mmt |
(6%) |
AI maintains geographical diversification to reduce risk. In 2012, AI remains a leading supplier to the domestic market with 10.74 million tonnes or 23% of its total sales volume. Meanwhile, A I’s coal sales to China decreased compared to the previous year due to the oversupply of coal to that country. AI sold more coal to India due to increased demand from Indian IPPs. Sales to Spain remained strong as coal fired power plants in Spain were more competitive than gas plants, the report says.
In 4Q12, Adaro Indonesia has sold 23% of its coal, mostly E5000, to domestic IPPs. Due to strong demand for low rank coal, AI exported 92% of its E4000 (Wara) to China, India, Thailand and Hong Kong during the same period.
Demand
During 4Q12, the demand for coal continued to grow especially from emerging Asian economies, spearheaded by China and India. Despite the stockpile levels at key power plants remaining high (19 days as of December 31st 2012), the arbitrage for imports remained open. This caused strong thermal coal imports during the quarter. Coal statistic shows import of all coals (including anthracite and lignite) during the quarter equaling 55.8 million tonnes, with approximately 45% of it coming from Indonesia. In 2012, China’s total electricity consumption grew 4.6% y-o-y to 4.8 million GWh despite their slowing economy. Due to an unusually wet season, the majority of growth was from hydro power generation, Adaro said.
India also continued its high level of imports, averaging approximately 10 million tonnes per month during the quarter especially after the commissioning of the large Tata power plant project in western India. Power generation from coal and lignite India increased by 13% y-o-y while hydro decreased by 12% y-o-y and gas decreased by 23% y-o-y.
About Adaro Energy:
Adaro Energy is a fully integrated coal mining and energy company from exploration through to power. It is Indonesia’s second largest thermal coal producer, operates the largest single coal mine in Indonesia and is a significant supplier to the global seaborne thermal coal market with production volume of 47.2 million tonnes in 2012.
The coal characteristics are sub-bituminous, medium heat value and ultra-low pollutant coal, with total resources of 4.6 billion tonnes and total reserves of 1.1 billion tonnes (JORC Compliant 2011). Because of its environmental characteristics, Adaro’s coal is trademarked as “ Envirocoal” and has proven global acceptance among blue-chip power utilizes.
The Company’s vision is to be a leading Indonesian mining and energy group.
Source: Company’s filling to BEI
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 22 December 13
QUIET FREIGHT MARKET DUE TO LONG HOLIDAYS
COALspot.com: The market was soft this week with all indices down. However towards second half of the week the futures on segments was firming up.
...
Friday, 20 December 13
US PRODUCED 2.71% MORE COAL WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal in ...
Friday, 20 December 13
DRY BULK MARKET SLUMPS AHEAD OF HOLIDAY SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As has been the case in recent years, the dry bulk market has been on a downward trend ahead of the Holiday Season for a large part of the world. Th ...
Thursday, 19 December 13
SHIPPING CONFIDENCE HITS THREE-YEAR HIGH - MOORE STEPHENS
Overall confidence levels in the shipping industry rose to their highest level for more than three years over the three-month period to November 201 ...
Wednesday, 18 December 13
SNP ACTIVITY IN CHINA SEEMS TO BE SLOWING DOWN - CHRISTOS TRAGEAS
Approaching the end of the year, SnP activity in China seems to be slowing down in comparison to the first half of this quarter, as most Chinese Shi ...
|
|
|
Showing 3946 to 3950 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
|
| |
| |
|
