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Wednesday, 20 May 20
ADARO ENERGY BOOKED A 5% INCREASE IN COAL PRODUCTION VOLUME Y-O-Y IN 1Q2020
 PT. Adaro Energy Tbk, Indonesia’s one of the largest coal miner, booked a 5% increase in coal production volume year-over-year in 1Q2020. The already weakening coal market was further hit by Covid-19 as global industrial and business activities slowed down to curb the virus spread, financial performance report for Q1’20 said.
President Director and Chief Executive Officer, Mr. Garibaldi Thohir, said “Our performance in 1Q20 reflects the operational excellence of our core coal assets as we recorded solid production volume amid the difficult market condition. In this challenging time for the global economy and the coal market, we continue to improve our efficiency, ensure discipline in spending and maintain a solid balance sheet. At the same time we need to safeguard the health and safety of our people to ensure safe, reliable operations. This is an unexpected challenge for all of us, and I would like to acknowledge the effort from our employees who have stepped up to the challenge. Adaro Energy is well-positioned to weather this near-term challenges supported by our solid operations and financial position. Our efficient integrated business model has been proven to withstand coal cycles and the non-coal mining pillars will continue to provide stable contribution to Adaro Energy and balance the volatility of coal.”
According to financial performance report for the period ended March 31, 2020, the company has achieved production of 14.41 Mt, a 5% increase from 1Q19. The company also recorded an operational EBITDA of US$265million,and core earnings of US$136million in the quarter and the meantime, the net capital expenditure in the quarter was US$56 million.
The report further noted that, the company has recorded revenue of US$750 million in 1Q20, declined by 11% compared to the same period in 2019, mainly due to 17% lower average selling price (ASP).
The already subdued coal price was further pressured by slower demand as global economies slowed down due to Covid-19 imposed lockdown. Both thermal coal and metallurgical coal segment of our coal mining operations were adversely impacted as global coal prices declined, AE said in its report.
The report further noted despite the challenging coal market, the company's sales volume increased 8% y-o-y to 14.39 Mt in 1Q20 supported by solid demand. Gross Profit of the company declined 25% year on year to US$ 198 million in 1Q 2020 and gross profit margin declined by 5% to 26.4%. In the meantime, operating income declined to US$ 128 million down 36% and operating margin declined by 6% to 17.1% compared to same period last year.
Royalties to the Government of Indonesia decreased by 13% y-o-y to US$80million, in-line with the lower revenue recorded in 1Q20 as a result of lower ASP y-o-y, the report indicted.
Adaro remains firm with the long term fundamentals of the thermal coal market as regions such as Southeast Asia and South Asia continue to pursue improvements in their power sector.
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Wednesday, 27 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.94 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.03 points Monday, up 0.94 percent week on week.
The index, released by China ...
Monday, 25 May 20
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
Non-OPEC oil supply continued to increase by 2.0 mb/d in 2019, driven by US shale production, which rose by 1.7 mb/d, amounting to 84% of total non ...
Sunday, 24 May 20
A 63,000 FIXED DELIVERY VIETNAM TRIP VIA INDONESIA REDELIVERY KOSICHANG AT $8,500 - BALTIC BRIEFING
Capesize
After a week of bounce momentum the market appears to have stalled out once again. The Capesize 5TC has more than doubled since last F ...
Saturday, 23 May 20
COLOMBIA COAL OUTPUT DOWN 7.2% IN Q1 ON LOW PRICES, CORONAVIRUS LOCKDOWN - REUTERS
Coal production in Colombia, the world’s fifth-largest coal exporter, fell 7.2% in the first quarter because of low prices and coronavirus qu ...
Saturday, 23 May 20
EWP INVITES BIDS FOR 840,000 METRIC TONS OF MIN 5700 NAR COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd (EWP) has Issued an International Tender for total Max 840,000 Metric Tons of min 5 ...
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- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Planning Commission, India
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
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