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Tuesday, 18 February 20
ADARO SHIPPED 27 PERCENT OF ITS TOTAL COAL PRODUCTION IN 2019 TO INDIA AND CHINA
 PT Adaro Energy Tbk (AE) produced 58.03 Mt of coal from PT Adaro Indonesia (AI), Balangan Coal Companies and Adaro MetCoal Companies (AMC), 7% higher compared to 2018 and higher than our 2019 production guidance of 54-56 Mt.
According to Adaro Energy Quarterly Activities Report Fourth Quarter of 2019, Overburden removal reached 272.09 million bank cubic meter (Mbcm), 1% lower y-o-y, and resulted in a blended actual strip ratio of 4.69x for 2019. The strip ratio result was slightly higher than the company’s 2019 guidance of 4.56x.
Adaro’s report further noted that, solid demand for their thermal and metallurgical coal products underpinned their 2019 sales achievement of 59.18 Mt, 9% higher year-over-year (y-o-y).The Southeast Asia region remained as Adaro’s leading sales destination, constituting 42% of AE’s sales in 2019. AE’s coal production in 4Q19 reached 13.91 Mt, 8% lower than 4Q18, to comply with the production plan of each coal mining subsidiary and coal sales in 4Q19 was 14.52 Mt, a 4% decrease from 4Q18. Overburden removal in 4Q19 reached 62.07Mbcm, and resulted in a strip ratio of 4.46x, 10% and 3% lower compared to 4Q18.
Adaro Energy’s Quarterly Activities Report Fourth Quarter of 2019 further said, despite macro and industry challenges in 2019, demand for Adaro coal remained solid. Customers continued to inquire for company’s Envirocoal product as they recognize and value the low pollutant content of the coal and the reliability of supply company provides.
Sales to Southeast Asia, according to the report, including Indonesia, constituted 42% of total sales volume in 2019. The company’s sales volume to Southeast Asia increased 14% y-o-y. Indonesia and Malaysia were Adro’s two biggest markets in Southeast Asia. Meanwhile, East Asia made up 29% of sales, followed by India and China at 15% and 12%, respectively. This is in line with India’s higher coal import in 2019.
The following shows the geographical breakdown of Adaro’s customers in 2019.
Southeast Asia 42% | East Asia 29% (Excluding China) | India 15% | China 12% AND Others 2% (include Europe, New Zealand and Pakistan)
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Monday, 24 February 20
CHINA SAYS MAJOR COAL FIRMS RESTORE 95% OF PRODUCTION CAPACITY - REUTERS
China’s coal companies controlled by the central government have resumed operations and are back at more than 95% of their capacity, an offic ...
Sunday, 23 February 20
SHIPPING INDUSTRY FACES $370 MILLION HIT FROM NEW PANAMA CANAL CHARGE - REUTERS
A new “freshwater” charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up ...
Sunday, 23 February 20
A 57,000DWT SHIP FIXING DELIVERY SOUTH KALIMANTAN TRIP, REDELIVERY CJK, AT $7,600 - BALTIC BRIEFING
Capesize
The Capesize market found little to cheer about this week as it again endured remarkable lows. The Atlantic continued to improve, with ...
Saturday, 22 February 20
THE SURPRISING MOVE IN MARINE FUEL SPREADS - ING
Middle distillates tank
One of the biggest surprises since the implementation of new International Maritime Organization (IMO) sulphur regulati ...
Friday, 21 February 20
CAPE: AVERAGE NOMINAL DAILY EARNINGS STILL ADMITTEDLY UNCHANGED W-O-W AT BELOW US$3000 - FEARNLEYS
CAPE
The worst may just about be over for the big ships. Average nominal daily earnings still admittedly unchanged w-o-w at below US$3k, but sent ...
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- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Posco Energy - South Korea
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Australian Coal Association
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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