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Friday, 24 March 17
ADARO INDONESIA'S COAL SALES VOLUME INCREASED SLIGHTLY TO 54.1 MILLION TONES IN 2016
Adaro LogoCOALspot.com: PT. Adaro Indonesia, Indonesia’s second largest coal miner’s sales volume increased slightly to 54.1 million tones (Mt) in 2016. However, the company's average selling price of the coal was declined 8% compared to the same period in 2015.

According to the company’s audited consolidated financial statements for the full year of 2016,  the company has booked US$2.524 billion of revenue in 2016, a 6% decline from the same period in 2015.

The company’s coal production in FY16, including 0.2 Mt from Adaro MetCoal (AMC), totaled 52.6 Mt. This was still within company’s 2016 production guidance of 52-54 Mt, the report says.

The financial statement further noted that, the company’s cost of revenue decreased 14% to US$1.839 billion due to a lower strip ratio, continuous efforts to boost efficiency, and a lower than the expected fuel price.

Due to the lower revenue, the royalties to the Government of Indonesia that accounted for 14% of the total cost of revenue in FY16 fell 6% to US$259 million, the company said in its latest financial statement.

The company’s core earnings rose 35% to US$398 million, reflecting the strength of company’s after-tax earnings derived from the solid core business of the company. The consolidated financial statement further noted that, the company’s core earnings excluded among others US$91 million amortization of mining properties, US$197 million gain on acquisition, US$110 million impairment of goodwill, and US$24 million impairment of mining properties.

According to company’s financial statement, the total assets of the company have increased by 9% to US$ 6.522 billion and current assets increased by 46% to US$ 1.593 billion, mainly due to a higher cash balance and trade receivables. Non-current assets have increased by 1% to US$ 4.930 billion.

Adaro Energy’s guidance for 2017: 
- Production: 52 million tonnes to 54 million tones
- Blended strip ratio: 4.85x 
- Operational EBITDA: US$900 million to US$1.1 billion
- Capex: US$200 million to US$250 million


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Friday, 10 March 17
THE 5TH PHILIPPINES POWER AND ELECTRICITY WEEK RETURNS WITH A UNIQUE FOCUS IN 2017
5th Annual Philippines Power & Electricity 18-21 July 2017 Solaire Resort & Casino,Manila, Philippines http://www.philippinespowe ...


Thursday, 09 March 17
INDONESIAN COAL BENCHMARK PRICE DROPPED FOR A THIRD STRAIGHT MONTH IN MARCH, GOVERNMENT DATA SHOWED
COALspot.com: Indonesian government declared coal benchmark price dropped for a fourth straight month in March, government data showed. The ...


Wednesday, 08 March 17
THE FREIGHT MARKET TODAY PROVIDES MUCH MORE CONFIDENCE COMPARED TO LAST YEAR - TIMOS PAPADIMITRIOU
So what's all the fuss about? During the past five months SnP activity has being surging exponentially in the dry bulk sector. Buyers are looki ...


Monday, 06 March 17
THE FREIGHT MARKET WAS CONTINUING TO FIRM UP THIS PAST WEEK
COALspot.com: The Freight market was continuing to firm up this past week. The Baltic Exchange, tracking rates for ships carrying dry bulk com ...


Friday, 03 March 17
U.S. WEEKLY COAL PRODUCTION ESTIMATED AT 15.7 MMST; DECLINE 6.7% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...


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