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Friday, 29 August 14
ADARO'S PROFITS SINK FURTHER AMID FALL IN COAL PRICES - JP
 Adaro Energy, one of the country’s largest coal miners, has reported a 31 percent drop in net profit in the first half of this year as global low coal prices continue to weaken the company’s financial condition.
In a press release published in the Indonesian Stock Exchange (IDX), Adaro revealed that its net profits slumped by around 31 percent to US$171.77 million annually, despite a 6.9 percent increase in its revenue to around $1.69 billion in the first six months of 2013.
Coal prices have dropped over the past year amid oversupply and declining demand from China — the world’s largest coal importer — and the prices have yet to pick up this year.
Indonesia’s coal reference price (HBA) was set at $73.64 per ton in June, which was 11.22 percent lower than the $81.9 per ton set for January this year. Last year, coal prices sagged by 8.26 percent from January to June.
Adaro’s written statement said that its average selling price (ASP) slipped by 5 percent year-on-year, leading the coal miner to post a lower profit in its first six months performance.
According to the quarterly report, Adaro sold 28.25 million tons of coal in the first half of the year, rising about 14 percent compared with 25 million tons in the same period last year.
Adaro sold the biggest portion of its product to the domestic market, amounting to around 22 percent of its total sales, with the remainder shipped overseas.
The company’s exports to India constitute 20 percent of the total sales, China 13 percent, Japan 10 percent, South Korea 9 percent and Spain and Hong Kong both 7 percent.
Exports to Malaysia make up 6 percent of total sales, while those to Taiwan, the Philippines and the United States contribute less than 5 percent.
Adaro’s production went up by about 12 percent, from around 24.94 million tons in the first half of last year to around 27.83 million this year.
The company aims to produce 56 million tons of coal this year, an increase of about 6 percent compared with last year’s production of 52.7 million tons.
The newly acquired Balangan site, meanwhile, started production in the second quarter of the year with total output for the period standing at 77,335 tons of coal, about 53,724 tons of which were exported to Thailand.
Despite the unfavorable coal market, other Indonesian miners also mostly raised their production. According to data from the Energy and Mineral Resources Ministry, the country’s coal output rose 7.6 percent to 213 million tons from January to June, from 198 million tons in the same period last year.
Source: The Jakarta Post
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Saturday, 30 August 14
INDIAN GOVERNMENT SHOULD TAKE NOTICE: THERMAL COAL IMPORT PRICES EXTREMELY LOW - COMMODORE RESEARCH
COALspot.com: Both Indonesian and Australian thermal coal prices are at the lowest levels seen this decade, with Indonesia's monthly benchmark ...
Saturday, 30 August 14
RECOVERY IN SIGHT FOR THE DRY BULK SHIPPING MARKET - DREWRY SHIPPING CONSULTANTS
Despite weak freight rates so far this year, Dry Bulk shipping earnings are forecast to recover as demand for both major and minor bulk commodities ...
Friday, 29 August 14
U.S. WEEKLY COAL PRODUCTION DROPS 1.3 PERCENT, EIA SAYS
COALspot.com – United States the world's second largest coal producer, produced approximately 19.40 million short tons (mmst) of coal in ...
Friday, 29 August 14
CHINESE LIGNITE IMPORTS: QUANTITY OVER QUALITY? - CLARKSONS
In the first half of 2014, Chinese seaborne coal imports declined 0.4% y-o-y to 148mt, largely reflecting a 3.3% fall in imports of steam coal. Mea ...
Thursday, 28 August 14
PANAMAX: OWNERS CAN GET AROUND USD 16000 FOR A FRONTHAUL; PERIOD MARKET - VERY QUIET - FEARNLEYS
Handy
The activity and sentiment is improving in the Atlantic with the general TA rate is up about US$ 800 w-o-w. We see more South American carg ...
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- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- VISA Power Limited - India
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- The University of Queensland
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
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