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Monday, 02 February 15
INDONESIA'S ADARO ENERGY PRODUCED 56.21 MILLION TONNES OF COAL IN 2014; UP 8% Y-O-Y
 COALspot.com: PT. Adaro Energy, Indonesia’s largest coal producer, has increased coal production by 8% to 56.21 million tonnes (Mt) from both PT Adaro Indonesia (AI) and Balangan Coal through PT Semesta Centramas (SCM) in 2014.
Adaro continued to meet its performance targets, even in the challenging coal market conditions and remains on track to create maximum sustainable value from Indonesian coal. The miner has produced 56.21 million tonnes (Mt) of coal in 2014, which was better than the company’s full year guidance of 54 Mt to 56 Mt.
According to Adaro Energy’s Q4’ 2014 activities report, Adaro has finished the year strong with record quarterly production of 14.45 Mt, a 6% increase compared to the same period in 2013. Adaro claimed that, the increase was mainly due to a combination of sound contractors’ performance and normal weather conditions.
Adaro has sold 14.65 Mt of coal during the 4th quarter of 2014 to achieve 57.02 Mt of sales for the year 2014, the report says.
Adaro has increased overburden removal 8% to 77.55 million bank cubic meter (Mbcm) during 4Q. AI’s actual strip ratio during 4Q 14 was 5.41x, resulting in an actual strip ratio of 5.69x for 2014. Meanwhile, SCM’s actual strip ratio during 4Q14 was 3.93x, resulting in an actual strip ratio of 4.69x for 2014.
" We are able to lower our strip ratio for three years in a row without harming our long-term mine plan due to investment we made to increase overburden removal during the higher coal price environment", Adaro says in its latest activities report.
Adaro further noted that, the lower average planned strip ratio remained higher than the life of mine strip ratio.
India is the largest consumer of Adaro coal after Indonesia in 2014. 15% of Adaro’s total coal production or around 8.55 million tons of coal was shipped to India in 2014. 12.54 million tons of coal delivered to Indonesian end-users while around 6.84 million tons of coal or 12% of total company's coal production shipped to Japan. China also imported significant volume from Adaro in 2014.
Adaro says, its focus in 2015 is to continue to look for cost reduction, maintain reliability of supply to its customers, and improve efficiency and productivity in each part of Adaro's coal supply chain.
“ Despite the continued weakness in the coal price, Adaro is doing relatively well and remains on track to create maximum sustainable value from Indonesian coal”, says Adaro.
Adaro continued to see good demand for its coal, particularly from Indonesia and India and expects to produce 56 Mt to 58 Mt of coal in 2015, slightly higher than 2014 production. Adaro also to keep its coal cash cost, ex. Royalty at around US$31 to US$33/tonne in 2015.
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Sunday, 11 January 15
BDI DECLINED 8% ON WEEK; BCI LOST 31%
COALspot.com: The BDI continued its decline in the first week of this year or lost 8 pct week over week. The BDI was closed at 709 points whi ...
Friday, 09 January 15
U.S. EASTERN SPOT STEAM COAL PRICES FELL IN 2014; ROSE IN WEST - EIA
U.S. Eastern spot steam coal prices declined in 2014 compared to 2013 levels because of a decline in steam coal exports.
According to U.S. Ene ...
Friday, 09 January 15
WEEKLY U.S. COAL PRODUCTION UP AN ESTIMATED 2.2% Y-O-Y
COALspot.com – United States the world's one of the largest coal producers, produced approximately 17.6 million short tons (mmst) of coal ...
Thursday, 08 January 15
INDONESIA PRESSES ON WITH HIGHER COAL ROYALTY FEE TO BOOST STATE REVENUE - JG
The Indonesian government is pressing on with its plan to raise the royalty charged to coal miners in order to increase state revenue, but the move ...
Wednesday, 07 January 15
FUEL EFFICIENT SHIPS MAKE LESS SENSE IN LOWER BUNKER PRICE MARKET, BUT FUEL COSTS ARE BOUND TO RISE AGAIN
The shipping industry entered 2015 on mixed emotions, as a relatively buoyant tanker market is met by a rather lackluster dry bulk market. Still, a ...
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- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Parliament of New Zealand
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- White Energy Company Limited
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
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