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Wednesday, 24 September 14
ADARO AGREED TO REDUCE ITS CONCESSION AREA TO 31,379.8 HECTARES
 COALspot.com: PT Adaro Energy Tbk (Adaro Energy) today announced that, PT Adaro Indonesia (AI), its wholly owned subsidiary, entered into a Memorandum of Understanding (MOU) with the Director General of Minerals and Coal, of the Ministry of Energy and Mineral Resources of the Government of the Republic of Indonesia.
This MOU was signed in the framework of the renegotiation process to adjust the Coal Cooperation Agreement (CCA) as mandated by Article 169 of Law No. 4 of 2009 on Mineral and Coal Mining, which is preceded by an agreement of six strategic issues:
- CCA area, the continuation of Mining Operations,
- State Revenue,
- Obligations of Domestic Processing,
- Obligations to Divest, and
- Use of Local Labor, Goods, and Domestic Services. For example, AI has agreed to reduce its concession area to 31,379.8 hectares.
President Director of Adaro Energy, Mr. Garibaldi Thohir, said, “The signing of the MOU is evidence the Adaro Energy Group continues to fulfill the mandate and obligations of Indonesian law as part of the normal course of conducting our business. The MOU is consistent with our main goal of creating maximum sustainable value from Indonesian coal. The key terms are in line with our desire to be an asset to our country. We will continue to deliver positive energy to all of our stakeholders for many years to come and in doing so help build the nation.”
Adaro’s principal mining location is at Tabalong district in South Kalimantan, where its subsidiary PT Adaro Indonesia operates the largest single-site coal mine in the southern hemisphere. Adaro operates under a first-generation CCA (coal co-operation agreement) with the Indonesian Government.
According to Adaro Energy website, Adaro produced 52.3 Mmt of coal in 2013 and coal sales reached 53.5 Mmt. Adaro blessed with 12.8 billion tons of sub-bituminous coal with moderate or low CV, ultra Low sulphur, Ash and NOx emission.
25% of total coal production allocated to or supplied to Indonesian utilities and remaining 75% shipped to its overseas customers. In 2014 Adaro plan to produce between 54 million and 56 million tonnes of coal.
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Friday, 26 September 14
NEWCASTLMAXES ARE THE MOST SOUGHT AFTER VESSELS BY SHIP OWNERS TODAY SAYS VESSELS VALUE
KNOWLEDGE TO ELEVATE
Determining a ship’s fair value can be a very tricky business, especially when you’re the one paying. As such ...
Thursday, 25 September 14
LACK OF COAL BUSINESS PUSHING DOWN PANAMAX EARNINGS IN PACIFIC
Handy
In the Atlantic we see rates steady climbing upwards. More coal cargoes out of USG and USEC are helping the TA market which is up some USD ...
Wednesday, 24 September 14
CAPESIZE: ACTIVITY IN BOTH BASINS WAS UNIMPRESSIVE
COALspot.com: The end of the week prior seems to have marked the tone for the days that followed, with the Dry Bulk market giving up a significant ...
Tuesday, 23 September 14
MEDCO TO INCREASE ITS COAL PRODUCTION NEXT YEAR
COALspot.com: PT Medco Energi Internasional is looking to increase its coal production next year, supported by the launch of operations at its Duta ...
Monday, 22 September 14
COAL SECTOR CHAOS - GENESIS TO REVELATION - DIPESH DIPU
COALspot.com: “Let there be light”, intends the government of India but the fuel side of the story paints a blackout. The recent Suprem ...
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- ICICI Bank Limited - India
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- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
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- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
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- Edison Trading Spa - Italy
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- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
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- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
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- IHS Mccloskey Coal Group - USA
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- Mjunction Services Limited - India
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- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
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- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
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- The University of Queensland
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- AsiaOL BioFuels Corp., Philippines
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- Rashtriya Ispat Nigam Limited - India
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- Bhoruka Overseas - Indonesia
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- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
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- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
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- PowerSource Philippines DevCo
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- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
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- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
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- Wood Mackenzie - Singapore
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- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
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- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
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- Central Electricity Authority - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
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- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
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