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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, 28 April 17
DELTA DUNIA RECORDED $24 MILLION NET PROFIT FOR FIRST QUARTER OF 2017; UP 700% Y/Y
COALspot.com: PT Delta Dunia Makmur Tbk. has announced its financial results for the first quarter of 2017 yesterday. According to the ...
Thursday, 27 April 17
PACIFIC IS SOFTENING WITH MORE TONNAGE OPENING AND LESS COAL ORDERS AROUND - FEARNLEYS
Supramax
Relatively slow week, with both basins showing signs of cooling down. Although grain cargoes out ECSA and ECCA on Ultras still delivered ...
Wednesday, 26 April 17
IRON ORE PRICES HAVE BEEN ON A ROLLERCOASTER RIDE OVER THE LAST MONTH - CHRISTOPHER WHITTY
Iron ore prices have been on a rollercoaster ride over the last month. Prices started the year on a very positive note, surging up to their highest ...
Tuesday, 25 April 17
FIONA POUNDS: VALID TENDER OF NOTICE OF READINESS
KNOWLEDGE TO ELEVATE
In the recent English High Court case of MV Arundel Castle1, the Judge ruled that a vessel, that could not immediately pr ...
Tuesday, 25 April 17
SHIPPING MARKET - ALLIED
Over the weekend we witnessed a second win over the rising populism that has become present in global politics since last summer, Allied shipping s ...
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- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Posco Energy - South Korea
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Planning Commission, India
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
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