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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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Tuesday, 16 September 14
INDONESIAN GOVERNMENT DECLARED HBA SUFFERED ANOTHER SETBACK IN SEPTEMBER
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in September. HBA for ...
Tuesday, 16 September 14
INDONESIAN COAL OUTPUT WON'T EXCEED 421M TONS: GOVT - JP
The government is optimistic that it will meet its coal production target for this year, which caps nationwide production at a flat number compared ...
Monday, 15 September 14
CHINA'S COAL PROPOSALS LEAVE SOME HOPE FOR EXPORTERS - DAILY NEWS
When the best thing you can say about new policies is that they aren’t as bad as they could have been, then you know your industry is in deep ...
Monday, 15 September 14
SUB-BIT FOB INDONESIA COAL SWAP, JANUARY 2015 DELIVERY GAINED DAY ON DAY AND WEEK ON WEEK
COALspot.com: Indonesian coal swaps for average October 2014 increased US$ 0.40 (+0.78%) day on day and US$ 0.55 (+1.08%) per mt week on week. The ...
Monday, 15 September 14
CFR SOUTH CHINA COAL SWAP GAINED DAY ON DAY AND WEEK ON WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 2.30 (-3.36%) month over month, but increased day on day a ...
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- Romanian Commodities Exchange
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- Jorong Barutama Greston.PT - Indonesia
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- The University of Queensland
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- Australian Coal Association
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- Bukit Makmur.PT - Indonesia
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- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
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- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
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- New Zealand Coal & Carbon
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- Tamil Nadu electricity Board
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- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
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- ICICI Bank Limited - India
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- White Energy Company Limited
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- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
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- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
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- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
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- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
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- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
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- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
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- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- PTC India Limited - India
- Wilmar Investment Holdings
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- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
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- Indogreen Group - Indonesia
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
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- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
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- Bhushan Steel Limited - India
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- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
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- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
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- Deloitte Consulting - India
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- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
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