Adaro

Indonesia President Appoints Technocrats to Top Economic Posts

October 28, 2014, 11:13 am

Indonesia’s new president on Sunday named professional technocrats to lead the top economic ministries and implement much-needed reforms that address costly fuel subsidies, cooling investment and creaky infrastructure in Southeast Asia’s biggest economy. President Joko Widodo named a...

October 22, 2014, 11:09 am

PT Adaro Energy Tbk (IDX: ADRO) (“the Company”) is pleased to announce that on October 15th, 2014, PT Tanjung Power Indonesia (“TPI”), signed a Power Purchase Agreement (“PPA”) with PT PLN (Persero) (“PLN”), in relation to the supply of electricity...

China reforms resource tax on coal

October 6, 2014, 11:06 am

The Chinese government on Monday vowed to reform tax on coal. From Dec. 1, China will levy a resource tax on coal based not on quantity, but on price, and the tax rate will be decided by the provincial governments within a given range, according to an executive meeting of the State Council...

Glencore predicts strong market ahead for thermal coal

October 6, 2014, 11:05 am

In the face of withering coal prices and a soft market, Glencore is still predicting long term viability for thermal coal.

Australian Coal Companies Cut Jobs – BHP-Mitsubishi Alliance to Shed 700 Positions

September 29, 2014, 11:02 am

Several of Australia’s largest coal companies are intensifying job cutbacks, despite signs of an upturn for the commodity. BHP Billiton BHP.AU -1.26% and Mitsubishi Corp.’s 8058.TO +0.21% Australian joint venture—the world’s biggest exporter of coal to make...

Warga Dukung Pembangunan PLTU Batang

September 29, 2014, 11:02 am

Rencana pemerintah mempercepat pembangunan proyek PLTU Batang, Jawa Tengah terus mendapat dukungan masyarakat di kabupaten Batang. Sejumlah elemen masyarakat dari berbagai latar belakang seperti gabungan kelompok tani (Gapoktan), Kelompok Nelayan, Kelompok Pemuda dan Perwakilan para kepala desa di...

India Court Scraps Coal Mine Permits, Stoking Power Cost

September 29, 2014, 11:01 am

India’s top court today canceled 98 percent of coal mine permits given to companies in the past two decades, likely stoking energy costs and hindering the ambition of Asia’s third-largest economy to become a manufacturing hub.

International coal price to rise on SC order

September 29, 2014, 11:00 am

A slight recovery in prices of Indonesian thermal coal is expected once Jakarta’s new export licensing regime takes effect on October 1 and after India’s Supreme Court this week cancelled around 200 coal mining permits, Platts, a McGraw Hill Financial group company providing market...

Adaro Enters Into an MOU With The Indonesian Government on CCA Renegotiation

September 23, 2014, 10:58 am

Jakarta, September 22, 2014 – PT Adaro Energy Tbk (IDX: ADRO) (Adaro Energy) today announced that on Thursday, September 18, 2014, PT Adaro Indonesia (AI), its wholly owned subsidiary, entered into a Memorandum of Understanding (MOU) with the Director General of Minerals and Coal, of the...

Woman in Mining – Dar Ell Tari : Training to Perfection

September 19, 2014, 10:57 am

Dar Ell Tari first started working for PT Saptaindra Sejati (SIS) at the Indo-Sangasanga jobsite in Kalimantan Timur, 7 years ago. Her position as Engineering Group Leader meant she had very important responsibilities especially in terms of controlling operations, overseeing the execution of...

AngloAmerican boss sees coal mines closing at a rate of one a fortnight

September 19, 2014, 10:56 am

AngloAmerican chief Mark Cutifani said he expects metallurgical coalmines will be mothballed at a rate of one every two or three weeks around the world until enough supply has fallen out of the beleaguered sector to drive a price recovery.

China to Ban Imports of High Ash, High Sulfur Coal From 2015

September 18, 2014, 10:56 am

China will ban the import and local sale of coal with high ash and sulfur content starting from 2015 in a bid to tackle air pollution, with tough requirements in major coastal cities set to hit Australian miners.

China Bid to Curb Coal Output Seen Lifting Prices by 10%

September 18, 2014, 10:51 am

Cutting production at the largest mining companies in China is on track to do what government officials are hoping: boost coal prices and help shore up the struggling industry.

Indonesia sees 11 pct drop in 2014 coal exports as royalty hike looms

September 18, 2014, 10:49 am

Indonesian coal exports are expected to drop 11 percent this year due to lower production, a government official said on Friday, as miners grapple with new rules the industry fears will put some firms out of business.

THERMAL COAL-Prices decline on weak demand

September 18, 2014, 10:48 am

Thermal coal prices mostly declined on Friday as weak demand weighed on prices.

Fitch: Weak M&A Despite Abundant Distressed Indonesia Coal Assets

September 10, 2014, 10:45 am

Fitch Ratings says that a meaningful level of merger and acquisition (M&A) activity leading to a consolidation of the coal sector in Indonesia is unlikely, despite the substantial number of distressed coal companies in the country. Sustained weakness in demand and an uncertain price outlook for...

Whatever Happened to Global Warming?

September 10, 2014, 10:43 am

On Sept. 23 the United Nations will host a party for world leaders in New York to pledge urgent action against climate change. Yet leaders from China, India and Germany have already announced that they won’t attend the summit and others are likely to follow, leaving President Obama looking a...

‘Coal-by-wire’ from Sumatra to Java

September 6, 2014, 11:03 am

Coal from the island of Sumatra accounts for most of Indonesia’s low-grade lignite, a low-quality coal that receives a poor price in international markets.

Adaro Won Four Awards in the 4th Annual Southeast Asia’s Institutional Investor Awards for Corporates

September 5, 2014, 10:35 am

On August 26th, 2014, Adaro attended an award ceremony held by Alpha Southeast Asia, an institutional investment magazine primarily written for asset and fund management companies with focus on Southeast Asia. Alpha Southeast Asia is headquartered in Hong Kong but has bureaus and correspondents in...

Indonesia Gets More Competitive

September 4, 2014, 10:34 am

Stories of corruption and resource nationalism still fill Indonesia’s daily news, but they don’t appear to have dented its image entirely. The popular emerging market notched up four places in the latest competitiveness survey from the Geneva-based World Economic Forum, putting it in...

In Southeast Asia, Indonesia Becomes a Role Model for Democracy

September 4, 2014, 10:33 am

For a while, it looked as if Indonesia’s bad old days had returned. The Constitutional Court was hearing an appeal by the losing presidential candidate, a former army general and son-in-law of Indonesia’s former dictator, who charged that the election last July had been rigged and...

Indonesia doubts speed of China coal import curbs, eyes India demand

September 4, 2014, 10:32 am

A new plan by China to put curbs on shipments of low-quality coal is unlikely to happen quickly, an industry group in top thermal coal exporter Indonesia said on Thursday, with any impact likely to be offset by an uptick in Indian demand.

Inflation at Slowest in 29 Months, as Trade Swings at Surplus

September 3, 2014, 10:31 am

Inflation was at its lowest level in August in 29 months, giving hope that consumer prices will remain under control, but monetary policy is likely to stay unchanged in order to prevent the nation’s trade deficit from widening.

September 1, 2014, 10:27 am

For two years, the world’s coal miners have been plagued by a glut that has battered prices and led to the closure of mines, straining tiny towns from Australia to South Africa. Now, some of the largest coal exporters are signaling the worst may be over as prices stabilize. Coal-mining...

Apex court order may alter coal import dynamics

August 29, 2014, 10:25 am

Power, mining, and banking stocks fell on Tuesday, as companies in each of the sectors wait for a 1 September verdict in which the Supreme Court, which ruled on Monday that all coal block allocations since 1993 are illegal, could actually cancel the assignments.

Bad news: India may face blackouts as coal shortage cuts power output

August 29, 2014, 10:24 am

A sharp fall in output at a large power plant due to a coal shortage may lead to power cuts in some areas, underlining the challenge the new government faces in overhauling the sector and its creaking infrastructure.

Indian power station coal stocks lowest since 2012 blackouts

August 29, 2014, 10:24 am

Half of India’s thermal power stations have less than a week’s supply of coal on hand, according to weekly data, the lowest level since mid-2012 when hundreds of millions of people were cut off in one of the world’s worst blackouts.

Political Risk Dims Outlook for Coal

August 22, 2014, 10:23 am

World energy-related carbon dioxide emissions in 2013 World energy-related carbon dioxide emissions in 2013 Pledges by the EU, the United States and China to commit to stricter emission reduction targets could have a dampening effect on future coal demand. However, the extent to which shale gas...

China Plan to Cut Wholesale Power Price May Help Coal Producers

August 22, 2014, 10:22 am

China will cut wholesale prices that distributors pay for electricity from coal-fired plants, two government officials said, a move that may allow it to compensate struggling coal suppliers. The National Development and Reform Commission told provinces to impose cuts at an average rate of about...

No More Land Acquisition Problems Next Year

August 22, 2014, 10:21 am

The government is hoping that the implementation of a law on land procurement for public infrastructure next year will be able to ease land acquisition problems that have delayed major infrastructure projects, including the US$4-billion Batang power plant in Central Java. Deputy Public Works...

Why King Coal is Bigger than Oil or Gas

August 22, 2014, 10:19 am

Lost in the debate about exporting U.S. oil and natural gas is any mention of America’s greatest energy export.

Urbanization: Reducing Poverty and Helping the Environment

August 22, 2014, 10:09 am

Movement into urban areas is occurring on a staggering scale, over 70 million people a year. The world is now 53% urbanized, compared to 29% in 1950 and 39% in 1980. By 2050, some 70% of the 9.6 billion humans will live in cities, and we could have as many 100 “megacities” (population...

Indonesia Mine Start Up Much Quicker Than Aust

August 22, 2014, 10:08 am

Peter Lynch can tell you exactly the difference between setting up a mine in Indonesia and Australia — the former takes four years; the latter somewhere between seven and 10. And the cost of producing coal from Indonesia is about two-thirds that from Australia. Mr Lynch is in a position...

Export License ‘Automatic’ for Indonesian Coal Miners With Certificate: Official

August 22, 2014, 10:07 am

An Indonesian energy ministry official Wednesday clarified that coal miners with a clearance certificate would be automatically granted an export license.

Wind and Solar Power are Even More Expensive Than is Commonly Thought

August 15, 2014, 10:06 am

SUBSIDIES for renewable energy are one of the most contested areas of public policy. Billions are spent nursing the infant solar- and wind-power industries in the hope that they will one day undercut fossil fuels and drastically reduce the amount of carbon dioxide being put into the atmosphere. The...

Indonesia Ban on Nickel Ore, Bauxite Exports to Stay – Officials

August 15, 2014, 10:06 am

Indonesia has no plans to wind back a seven-month old ban on exports of unprocessed nickel ore and bauxite that has led to billions of dollars in planned investments in smelters, top government officials said

Indonesia Wants to Regulate Coal Deals

August 8, 2014, 10:37 am

Indonesia has raised concerns about suspected coal deals struck between overseas buyers and its unregistered domestic miners. A top official of the Indonesian embassy in New Delhi today said efforts were underway to ensure that all royalties and outstanding taxes were settled. This will...

Miners Turn to Vehicle Assembly Lines in Drive to Cut Costs

August 5, 2014, 10:05 am

GLOBAL miners have scoured deserts, mountains and jungles for resources to rev up their profits. More recently, the search has taken them to a different environment: the factory floor. Car production lines and machinery that sorts rice could help companies such as Rio Tinto and BHP Billiton...

Indonesian President-Elect Unveils High-Powered Transition Team

August 5, 2014, 10:04 am

Indonesia’s president-elect Joko Widodo on Monday announced a high-powered advisory team to handle his transition to power as he prepares to take over the top job in the world’s third-largest democracy later this year. The five-member “transition office” will lead a team of...

Larangan Ekspor Mineral Mentah Tak Dongkrak Harga Batubara

August 5, 2014, 10:03 am

Gejolak larangan ekspor mineral mentah dan batubara (minerba) yang diberlakukan pemerintah Indonesia sejak Januari tahun ini ternyata masih berbuntut panjang.

Indonesian Thermal Coal Prices Largerly Stable Due to Holidays

August 5, 2014, 10:02 am

Indonesian thermal coal prices remained largely stable Tuesday as many market participants in Indonesia were away from their desks due to Ramadan holidays set to last until August 4, sources said Tuesday.

Adaro has today lodged its 2Q14 Quarterly Activities Report

August 4, 2014, 10:02 am

Highlights of the quarter: We produced 13.84 million tonnes (Mt) during the quarter. We are on track to achieve our production guidance of 54Mt to 56Mt for 2014. We continued to see solid demand for our coal during the quarter. We sold 14.47Mt, a 4% increase compared to the...

EURO COAL-Prices fall on oversupply, weak energy demand

August 3, 2014, 10:30 am

Thermal coal prices dropped on Tuesday as oversupply continued to weigh on a market suffering from waning European and Chinese demand which also pulled crude oil contracts lower.

1H14 Results Release Date

July 23, 2014, 10:01 am

Dear all, We will release our 2Q14 Quarterly Activities Report on Monday, August 4th 2014. Meanwhile, we plan to release our 1H14 Financial Statements & Notes (limited review) and the accompanying financial press release on Thursday, August 28th 2014. We will send the invitation shall...

Indonesia’s Likely Next Govt Plans to Cut Fuel Subsidies in First 100 Days-VP candidate

July 22, 2014, 10:00 am

The top priority of Indonesia’s likely next government will be to cut fuel subsidies to control the country’s widening budget deficit, a move it hopes to accomplish within the first 100 days in office, the vice presidential candidate said on Saturday. Energy subsidies, which mainly...

Chinese Market Sees Room to Import Low-CV Indonesian Thermal Coal

July 22, 2014, 9:59 am

Indonesian thermal coal suppliers were seeing some room for low-CV coal to be imported into the Chinese market, due to low domestic prices that had priced out seaborne cargoes of mid- to high-cv coal, sources said on Monday.

Indonesia’s Thermal Coal Demand To Double By 2022

July 22, 2014, 9:59 am

Indonesia’s demand for thermal coal is expected to double by 2022 to help meet its annual growth in electricity demand of around 8.4 per cent, Vietnam News Agency (VNA) reported the state-run power group Perusahaan Listrik Negara (PLN) as saying.

Hungry U.S. Power Plant Turns to Russia for Coal Shipment

July 17, 2014, 9:57 am

When New Hampshire’s largest utility needed to rebuild coal supplies after the past frigid winter, it turned to Russia rather than Appalachia in the U.S. Northeast or Wyoming’s Powder River Basin.

The future of coal in China, India, Australia, the US, EU, and UK

July 17, 2014, 9:57 am

Global coal use has grown significantly over the last decade, with global demand increasing 60 per cent between 1990 and 2011, according to research body the International Energy Agency (IEA). With some countries implementing climate policies to limit the use of polluting fuels, some commentators...

Breakfasting with Media

July 16, 2014, 9:56 am

On July 3rd, Adaro Energy held breakfasting event to maintain good relationship with the media at the Lagoon Cafe, Hotel Sultan. There were more than 20 exchange and energy editors attended this annual event. Our Head of Investor Relations & Corporate Secretary ,Cameron...

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