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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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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
...
Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Minerals Council of Australia
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Bhatia International Limited - India
- White Energy Company Limited
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Indika Energy - Indonesia
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