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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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Friday, 12 May 17
SLOW AND UNEVENTFUL WEEK FOR THE PANAMAX MARKET
Supramax
In the Atlantic, only USG were showing some improvement, where pet-coke cargoes to India was fixed in the range of 19-23k daily and to C ...
Wednesday, 10 May 17
MARKET INSIGHT - INTERMODAL
Up until a few weeks ago, demo deals were being concluded at just a fraction below $400/ldt. Last time we saw demo prices around that level was in ...
Tuesday, 09 May 17
DRY BULK TRADE IS STILL HEAVILY RELIANT ON CHINA - GEORGE LAZARIDIS
We have seen an overall cool down in the dry bulk and tanker markets over the final two weeks of April, sparking worries amongst ship-owners that t ...
Monday, 08 May 17
INDONESIAN COAL PRICE REFERENCE RISES FOR SECOND STRAIGHT MONTH IN MAY
COALspot.com: Indonesian government declared coal benchmark price rose in May, government data showed.
The benchmark price of Indonesian therm ...
Monday, 08 May 17
OCEAN BULK CARGO RATES FALL FURTHER THIS PAST WEEK
COALspot.com: The Freight market continues to slump this past week, with all segments show a negative downward trend week over week.
The Balti ...
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- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
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