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Wednesday, 03 May 17
MALAYSIA SEEMS AS BIGGEST ADARO COAL IMPORTER IN Q1' 17
 COALspot.com: In 1Q17, 30% of Adaro's sales went to Indonesia, the data from unaudited consolidated financial statement shows.
Malaysia came second (15%), as the country increased its coal-fired power generation capacity. Adaro’s sales to India and China declined to 5% and 2%, respectively, due to priority allocation to Adaro’s premium customer, including domestic market, the company said in its latest financial statement. Adaro’s sales to Korea, Japan, Hong Kong and Taiwan were reported at 13%, 12%, 6%and 6% respectively.
PT Adaro Energy Tbk, the Indonesia's one of the largest coal producers operational EBITDA increased 44% to US$276 million in 1Q, 2017.
According to Company's unaudited consolidated financial statements for the first three months of 2017, the company's Core businesses’ after-tax earnings, increased 63% year-on-year to US$132 million and the company also maintained a strong liquidity of US$1,193 million, as Adaro Energy (AE) generated strong cash flow providing flexibility and support against the changing dynamics in the coal market.
“We remain cautiously optimistic with the dynamics in the coal market. Amidst the volatile condition, we continue to promote operational excellence and focus on efficiency and productivity across our three pillars of growth. We generated a solid Operational EBITDA and maintained a strong liquidity, ensuring business sustainability. Adaro Energy’s good start to the year demonstrated the strength of our vertically integrated business model and we are well positioned for the challenges and opportunities that lie ahead”, said Adaro Energy’s President Director and Chief Executive Officer, Mr Garibaldi Thohir.
The company's average selling price of coal increased in 1Q by 39% compared to the same period last year as coal market conditions improved this year. In 1Q17, the company said, it booked US$727 million of revenue, a 24% increase from the same period last year. The company's coal production in 1Q17 totalled 11.86 Mt. The company is also planning to produce 52-54 Mt of coal in 2017.
Due to the higher revenue, the company has paid US$75 million (up 26% YoY) as royalties to the Government of Indonesia in 1Q. The royalties to the Government of Indonesia that accounted for 15% of the total cost of revenue.
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Wednesday, 07 June 17
INDO HBA INDEX SEE LARGEST DROP SINCE FEBRUARY 2017
COALspot.com: Indonesian coal benchmark price decline 9.96% in June, government data showed.
The benchmark price of Indonesian thermal coal de ...
Wednesday, 07 June 17
MARKET INSIGHT - PANOS MAKRINOS
2017 undoubtedly began with very optimistic signs for the future of the Oil & Gas industry on the back of the Vienna Agreement. OPEC and non-OP ...
Tuesday, 06 June 17
THE FREIGHT MARKET WAS CONTINUE TO TUMBLE THIS PAST WEEK
COALspot.com: The Freight market continued to tumble this past week, as BDI and cape index showed a negative trend week over week.
The Baltic ...
Friday, 02 June 17
THE WORLD COAL ASSOCIATION HAS RESPONDED TO THE WITHDRAWAL OF THE UNITED STATES FROM THE PARIS AGREEMENT
“This decision is the result of a failure to build a genuine coalition on climate action that recognises the role of all technologies, includ ...
Friday, 02 June 17
MOL SIGNS COAL TRANSPORT DEAL WITH THERMAL POWERTECH CORPORATION INDIA LIMITED
MOL Signs Coal Transport Deal with Thermal Powertech Corporation India Limited - Contributing to a Stable Power Supply in India -
Jun ...
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- Global Business Power Corporation, Philippines
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- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
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- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
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- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
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- Ministry of Mines - Canada
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- Georgia Ports Authority, United States
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- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
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- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
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- Wood Mackenzie - Singapore
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- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
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- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
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- TNB Fuel Sdn Bhd - Malaysia
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- The University of Queensland
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- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
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- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
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- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- India Bulls Power Limited - India
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- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
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- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
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- Makarim & Taira - Indonesia
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- Heidelberg Cement - Germany
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- Trasteel International SA, Italy
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- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
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- SMG Consultants - Indonesia
- Eastern Coal Council - USA
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- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
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- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
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- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
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- PNOC Exploration Corporation - Philippines
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- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
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- South Luzon Thermal Energy Corporation
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- IHS Mccloskey Coal Group - USA
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- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
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- Electricity Authority, New Zealand
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