We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 02 November 15
DESPITE CHALLENGING MARKET CONDITIONS, ADARO LOWERS COSTS, DEBT AND DELIVERS STRONG FREE CASH FLOW
 COALspot.com: Despite challenging market conditions, Adaro lowers costs, lowers debt and delivers strong free cash flow.
The Indonesia’s second largest coal producer, Adaro Energy has recorded lower production, lower strip ratio, lower than expected fuel costs, lower freight and handling costs and continue to implement cost efficiency measures to challenge the current world’s low coal price trend for the nine months period to September 2015.
The world’s low coal prices affected the company’s core earnings. According to company’s press release, the Adaro’s core earnings decline 21% to US$228 Million year over year for the nine months period to September 2015.
The report further noted that, Adaro is still anticipating market conditions to continue to be difficult for the rest of the year and demand growth will remain sluggish and prices will continue to be in a descending mode for the rest of the year.
The miner’s coal cash cost (excluding royalties) declined 13% to US$28.61 per tonne, which is below company’s guidance of US$31 – 33 per tonne. In the meantime, the fuel cost, a significant component of company’s coal cash cost, decreased by 39% to the low US$0.50s per liter, the report says.
The company has also hedged about one third of company’s annual fuel requirements through fuel swaps at prices below the budget company set for 2015, which helps the company to keep the coal cash cost under control.
The company also said, the royalties paid to the Government of Indonesia in 9M15 decreased 18% to US$217 million, in-line with the lower revenue. Royalties accounted for 13% of the company’s total cost of revenue in 9M15.
According to press release, the Adaro has booked 19% lower Operational EBITDA at US$568 million in 9M15 due to the lower revenue. However, the company said, “We maintained a solid Operational EBITDA margin of 27% in 9M15. Our Operational EBITDA excludes a US$7 million reversal of provision for other receivables related to a non-coal investment. We are on track to achieve our 2015 Operational EBITDA guidance of US$550 million to US$800 million.”
According to press release, the prolonged cyclical downturn of coal further supports company’s strategy of developing its non-coal mining businesses and moving downstream into power. Coal mining, mining services and logistics, and power form the three engines of growth for Adaro.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 15 October 15
Q1' 16 FOB RICHARDS BAY COAL SWAP ADVANCED 2 PER CENT WEEK OVER WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 gain week over week and declined month over month.
The Q4 swap was dow ...
Tuesday, 13 October 15
DRY BULK SHIPPING FLEET NET EXPANSION WAS 1.3% DURING THIRD QUARTER, BUT ORDERBOOK REDUCED TO 17% OF THE TRADING FLEET
If the dry bulk market is to rebound on a sustainable level, it needs to limit the tonnage expansion, at least until demand picks up again, as Chin ...
Tuesday, 13 October 15
FOB NEWCASTLE COAL SWAP DECLINED 2 PER CENT MONTH OVER MONTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery decreased $0.46 per ton (1.08%) month over month to US$ 42.17 per ton. The ...
Monday, 12 October 15
CFR SOUTH CHINA COAL SWAPS GAIN W-W; SLIGHTLY DOWN M-M
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery down just US cents 3 (0.06 %) per ton month over month.
A commodity ...
Monday, 12 October 15
DRY BULK SHIPPING: MARKETS ARE SLOWLY IMPROVING FROM A VERY LOW LEVEL AS THE DEMAND SIDE FALTERS - HELLENIC SHIPPING NEWS
The dry bulk market is in the midst of a shift in demand patterns, which coupled with a tonnage supply overhang, has been facing headwinds over the ...
|
|
|
Showing 2771 to 2775 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- MS Steel International - UAE
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- The University of Queensland
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
|
| |
| |
|
