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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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Monday, 18 August 14
CFR SOUTH CHINA COAL SWAP PERFORMED WELL THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.45 (+0.66%) day on day and US$ 0.30 (+0.44%)&nbs ...
Saturday, 16 August 14
HIGH DEMAND OF IRON ORE SHIPMENTS PUSHED CAPE INDEX UPWARDS
COALspot.com: This week's freight market was buoyant with Cape and panamax index seeing a big jump pushing the BDI above 1,000 points week on c ...
Friday, 15 August 14
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
13-16 October 2014
Grand Hyatt Jakarta, Indonesia
Web Site
The country’s definitive ...
Thursday, 14 August 14
U.S. STEAM COAL IMPORTS REMAIN DOWN SHARPLY FROM HISTORIC HIGH IN 2007, SAYS EIA
COALspot.com: U.S. steam coal imports at power plants have fallen significantly from their peak level of more than 30 million tons in 2007 to less ...
Thursday, 14 August 14
INDIA'S PLAN TO START AN INFRASTRUCTURE BOOM AND TO INVEST US$ 1 TRILLION BY 2017 WILL SURELY AFFECT THE DRY BULK TRADE - FEARNLEYS
Handy
The Atlantic Supra market has continued its improving sentiment with rates climbing and TA´s are now up about US$ 900 w-o-w, said Fea ...
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- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- The University of Queensland
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
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