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Friday, 22 November 19
FORTY PERCENT OF ADARO'S COAL SALES VOLUME IN 9M19 GOES TO THE SOUTHEAST ASIA REGION
 PT Adaro Energy Tbk released its consolidated financial statements yesterday, for the nine month period, ending September 30, 2019.
President Director and Chief Executive Officer, Mr. Garibaldi Thohir, said “We deliver solid financial results on the back of healthy volume growth year-on-year. Demand for our coal remains solid, yet global coal prices continued to be under pressure due to macroeconomic and industry headwinds. In the midst of this challenging time, we continue to focus on operational excellence and efficiency. We remain positive on the long-term coal market fundamentals and continue to execute our strategy for business sustainability. Our recent bond issuance will further strengthen our financial position and capital structure to weather the short-term market volatility.”
Adaro recorded an operational EBITDA of US$976 million and maintained solid operational EBITDA margin at 37%. Adaro says, the company is in line to achieve the company's 2019 operational EBITDA guidance of US$1-US$1.2 billion. The company's core earnings remained at US$513 million and liquidity is at US$1,267 million, with cash balance of US$1,008 million. Adaro's balance sheet stood at healthy level with Net debt to equity and net debt to last 12 months operational EBITDA of 0.06x and 0.22x, respectively.
Adaro's revenue according to the report, reached US$2,654 million in 9M19, relatively flat year-over-year (y-o-y). The company also recorded 14% increase in sales volume to 44.66 Mt y-o-y, however Adaro's average selling price (ASP) was 13% lower y-o-y as coal prices declined. In 9M19, Adaro mined 44.13 Mt of coal, a 13% increase y-o-y.
"Solid demand for our coal during the period and strong operations performance supported the improvement. We are on track to achieve our 2019 production guidance of 54-56 Mt", Adaro says.
The dry weather in 3Q19 contributed to the AE's strong operational achievement. According to report, the AE’s coal production in 9M19 of 44.13 Mt was 13% higher compared to 9M18, while our sales volume increased 14% y-o-y to 44.66 Mt in 9M19. AE’s coal production in 3Q19 reached 15.66 Mt, 5% higher than 3Q18, which marked a new record for quarterly production.
The company's sales of coal in 3Q19 increased 3% compared to 3Q18 to 15.89 Mt. Adaro says, the Southeast Asia region continued to be their main sales destination and accounted for 40% of AE’s sales volume in 9M19. Adaro also says, they had strong buying interest from India in 3Q19, as a result of high power generation demand in the country.
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Saturday, 07 December 19
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Saturday, 07 December 19
SOUTH AFRICAN COAL PRICE SURGE, WHILE OTHERS LANGUISH, IS TROUBLING - REUTERS
Coal prices around the world are gently sliding as demand from top importers such as China, India and even Europe remains subdued amid a so far mil ...
Saturday, 07 December 19
SUPRAMAX: OVERALL, THE BALTIC SUPRAMAX INDEX REMAINED IN POSITIVE MODE, DESPITE SOME AREAS LACKING FRESH ACTIVITY - BALTIC BRIEFING
Capesize
This week the Capesize market maintained healthy earnings, as an end of year surge took the Capesize 5TC back up to $25,202 by mid-wee ...
Friday, 06 December 19
INDONESIA COAL BENCHMARK PRICE FOR DECEMBER INCREASES BY US 3 CENTS MOM
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Thursday, 05 December 19
IMO 2020 IS ABOUT TO GET REAL - GAVIN THOMPSON
As I write this edition of the APAC Energy Buzz from my desk in Singapore I can see ships. Lots of ships. No surprise given that Singapore is among ...
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- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- The University of Queensland
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
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