Adaro

Oxford’s postponed divestment decision faces protest

March 16, 2015, 4:17 pm

Former students occupied an Oxford building on Monday to protest the university’s failure to decide about divesting funds from fossil fuels. Campaigners expected an announcement from the university, following discussion of a divestment proposal put forward by students. But an Oxford...

China coal-based fuel and chemicals plants retain appeal despite low oil prices

March 13, 2015, 4:18 pm

While margins at coal-to-liquid fuel and chemicals projects have been hit by crude’s sharp slide, they remain viable if oil is above US$60 a barrel. Lower oil prices have squeezed the profits of mainland firms that turn the nation’s abundant coal into liquid fuel and...

Program Pembangkit Listrik Jokowi Butuh 100 Juta Ton Batu Bara Per Tahun

March 11, 2015, 4:19 pm

Jakarta -Pemerintah pimpinan Joko Widodo (Jokowi) mencanangkan program pembangkit listrik berkapasitas 35.000 megawatt (MW). Dari jumlah itu, sebesar 25.000 MW merupakan proyek pembangkit listrik tenaga uap (PLTU). Butuh tambahan batu bara untuk bahan bakarnya. Hilmi Najamuddin, Kepala...

Telling times for Indonesia’s coal industry

March 9, 2015, 4:20 pm

With global coal prices showing little signs of recovery, calls amongst industry players in Indonesia to limit production of coal and increase the focus on value-added operations are growing louder. Coal is a cheap and abundant commodity in Indonesia, responsible for powering around half of the...

Indonesia Makes Play for Infrastructure Funding

March 6, 2015, 10:20 am

Government pours cash into state firms; investors are doubtful Link: http://www.wsj.com/articles/indonesia-makes-play-for-infrastructure-investment-1425592554 Indonesia’s president wants to pour billions of dollars into state-owned firms to encourage the private sector to invest in...

Menikmati Air Bekas Galian Tambang

March 4, 2015, 10:23 am

PT. ADARO Indonesia adalah pemegang Perjanjian Karya Pengusahaan Pertambangan Batubara (PKP2B) generasi I yang telah memproduksi batubara dengan merek dagang “envirocoal” yaitu batubara ramah lingkungan secara komersial pada tahun 1992. Sesuai namanya, produk batubara anak perusahaan...

Commodity crash reflects global economic slump

March 2, 2015, 10:24 am

http://www.bnn.ca/News/2015/2/24/Commodity-crash-reflects-global-economic-slump.aspx Global commodity prices have tumbled to levels below the depths of the Great Recession, underscoring the widespread difficulties facing the global economy. While crude oil’s price collapse has been in...

India coal output closer to ending years of disappointment

February 27, 2015, 10:26 am

One of the most common assumptions among coal watchers is that India’s rising demand will translate into increasing imports, thus providing one of the few bright spots for a beleaguered industry. While there is little doubt about the bullish demand outlook for India, the belief that...

Smaller Miners to Take Hit From Royalty Hike

February 25, 2015, 10:27 am

Jakarta. Indonesia’s plan to roughly double coal royalties next month is expected to hurt most for smaller and newer firms producing low-quality coal, government and industry officials say, with many struggling as prices have halved since 2011. The world’s top exporter of thermal...

Adaro’s FY14 earnings release date

February 24, 2015, 10:29 am

Adaro aims to release our FY14 financial statements & notes along with its financial press release on Tuesday, March 10th 2015 after market close.

Indonesia plans to raise coal royalties end of Q1

February 18, 2015, 10:30 am

Indonesia plans to raise coal royalties by the end of the first quarter to boost mining revenue amid shrinking incomes from oil and gas, according to an official at the Energy and Mineral Resources ministry. Parliament has asked the government to increase non-tax revenue from coal and metals...

Coal mining slump a blessing in disguise

February 17, 2015, 10:32 am

Mohammad Faisal, Jakarta | Opinion | Mon, February 16 2015, 6:58 AM The growth of the coal-mining industry, which has diminished in the last two years, is expected to slump even further this year following weakening demand for coal in the world market. This has been worsened by the more recent...

Harga Batubara Diperkirakan Merangkak Naik ke US$ 70 per Ton

February 17, 2015, 10:31 am

Jakarta, CNN Indonesia – Direktur Pembinaan Program Mineral dan Batubara Kementerian Energi dan Sumber Daya Mineral (ESDM) Sujatmiko memperkirakan fenomena penurunan harga batubara dunia yang berlangsung dua tahun terakhir akan menunjukan perbaikan mulai tahun ini. Keyakinan itu, ditunjang...

As India opens up coal sector, global miners cool on investing

February 13, 2015, 10:32 am

NEW DELHI/MELBOURNE, Feb 3 (Reuters) – India’s plans to attract badly needed foreign investment and technology to its coal sector are getting a cool response from some miners and trading houses, even though the country is one of the few bright spots for global coal demand. Seeking to...

The Feel-Good Folly of Fossil-Fuel Divestment

February 9, 2015, 10:35 am

The only ones to suffer will be colleges that earn less money for research, services and student scholarships. Global Divestment Day will kick off on Friday. In the run-up to this two-day event, college administrators are coming under increasing pressure to accede to climate activists’...

US coal mines most at risk as Australia, Indonesia capture market share

February 6, 2015, 10:36 am

http://www.miningweekly.com/article/us-coal-mines-most-at-risk-as-australia-indonesia-capture-market-share-2015-02-09 TORONTO (miningweekly.com) – US coal mines are most at risk as Australian and Indonesian coal suppliers see some upside in the difficult months ahead as they...

China, S Korea increase coal offtake from Australia’s Newcastle in Jan: PWCS

February 4, 2015, 10:37 am

Perth (Platts)–2Feb2015/558 am EST/1058 GMT Australia’s Port Waratah Coal Services terminals increased their shipments of thermal and coking coal exports to China and South Korea in January, but exports to Japan fell in the same month, the company said in a report Monday. The PWCS...

detikcom: Proyek PLTU Batang Rp 40 T Jalan Terus

February 2, 2015, 10:38 am

Pemerintah menegaskan bakal terus melanjutkan pembangunan mega proyek Pembangkit Listrik Tenaga Uap (PLTU) Batang, Jawa Tengah 2 x 1.000 megawatt (MW), yang menelan biaya sekitar Rp 40 triliun. Kendala yang kerap menghambat dalam pembangunan proyek pembangkit listrik adalah soal pembebasan...

President Asks Citizens To Be Optimistic About Indonesia`s Economic Growth

February 2, 2015, 10:33 am

Link: http://www.antaranews.com/en/news/97724/president-asks-citizens-to-be-optimistic-about-indonesias-economic-growth Manila (ANTARA News) – President Joko “Jokowi” Widodo has called on his countrymen to be optimistic about the nations economic condition in 2015 and for the...

China 2014 coal output seen down 2.5 pct, first drop in a decade

January 31, 2015, 10:39 am

Jan 29 (Reuters) – China‘s coal production is estimated to have fallen 2.5 percent in 2014, the first annual drop in more than a decade, hit by a war on pollution and government efforts to tackle a supply glut as demand from industry and the power sector weakens. The forecast by the...

Global met coal demand to outpace supply for first time since 2011: Peabody

January 29, 2015, 10:40 am

Singapore (Platts)–28Jan2015/306 am EST/806 GMT US coal miner Peabody Energy expects global metallurgical coal demand growth to outstrip supply gains this year for the first time since 2011, on rising Asian consumption. Met coal sales from Peabody’s Australian mines rose 10.7%...

Indonesia Needs Private Funding for 70% of Infrastructure Works

January 23, 2015, 10:41 am

(Bloomberg) — Indonesia’s government said it can only directly fund 30 percent of its infrastructure program for the next five years, and is relying on state-owned enterprises and private investors for the rest. The government will focus on building transport infrastructure outside...

Investor Bind: How Low Can Oil Go?

January 19, 2015, 10:42 am

The collapse in the oil market has been very good for Anuraag Shah. His hedge fund, Tusker Capital LLC, last spring made a bet that oil prices would fall and has since reaped big profits from their nearly 60% decline. But last Tuesday, Mr. Shah decided he had seen enough. He cashed out all of...

IMF downgrades global growth forecast

January 16, 2015, 10:43 am

The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next. The IMF now expects growth of 3.5% this year, compared with the previous estimate of 3.8% which it made in October. The growth forecast for 2016 has also been cut, to 3.7%. The...

Iron Ore, Coal Forecasts Cut by Citigroup as Energy Tumbles

January 14, 2015, 10:44 am

Citigroup Inc. reduced price forecasts for iron ore and coal as cheaper oil and declines in producers’ currencies combine to cut supply costs, signaling how the collapse in energy is feeding through to other commodities. Iron ore will average $58 a metric ton in 2015 and $62 a ton in 2016,...

After Boom, Commodity Pile Up

January 13, 2015, 10:45 am

Two years ago, Daniel Nilsson’s family bought a hotel in the town of Pajala, Sweden, some 50 miles above the Arctic Circle. The nearby Kaunisvaara iron-ore mine had just started production, and the Nilssons installed new meeting facilities and revamped the nightclub. “We wanted to give...

The Moral Case for Fossil Fuel

January 9, 2015, 10:50 am

You’ve heard that our addiction to fossil fuels is destroying our planet and our lives. Yet by every measure of human well-being life has been getting better and better

Fighting Extinction of the Proboscis Monkey; Adaro and The Bekantan Twins Project

January 9, 2015, 10:49 am

Adaro’s Corporate Social Responsibility (CSR) program focuses on 5 key areas and it includes support programs initiated by other parties that have common long-term objective with Adaro’s. One good example of this is the Bekantan Twins Project – a project that fights the extinction...

Fitch Retains Stable Outlook on Power Sector in 2015

January 9, 2015, 10:46 am

Rating agency Fitch on Friday retained its stable outlook on India’s power sector in 2015 but warned producers and grid operators will continue to face challenges by way of high capex levels and fuel shortages leading to negative free cash flow in the medium term.

Season’s Greetings

December 23, 2014, 10:51 am

Wishing you a joyful holiday season full of Positive Energy With kind regards, Cameron Tough Investor Relations & Corporate Secretary Division Head

Indonesian Chief’s Agenda

December 9, 2014, 10:52 am

Source: AWSJ, 8 December 2014 The new leader of the world’s fourth-largest nation promised to move aggressively to lower barriers to investment and overcome decades of unmet potential that have left Indonesia lagging behind more dynamic Asian nations. In his first interview with a Western...

China’s coal use must peak by 2020: experts

December 1, 2014, 10:53 am

China needs to hit its “peak coal” use by 2020 if it is to fulfil its commitment to end growth in climate-warming carbon emissions by the end of the next decade, an influential government think tank said yesterday. The country last week pledged for the first time to end growth in...

Fitch Affirms Adaro Indonesia at ‘BB+’/Stable; Withdraws Rating

November 28, 2014, 11:12 am

Fitch Ratings-Singapore/Jakarta-27 October 2014: Fitch Ratings has affirmed coal producer PT Adaro Indonesia’s (Adaro) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘BB+’. The Outlook is Stable. The agency has simultaneously withdrawn the ratings. Adaro...

Indonesian coal shipments rise despite new export rule -ministry

November 26, 2014, 10:55 am

By Wilda Asmarini JAKARTA, Nov 24 (Reuters) – New Indonesian coal export rules had little impact in October, the first month they were in effect, as shipments from the world’s top thermal coal exporter increased 9.8 percent on the year, a mining ministry official said. Industry...

Coal Rush in India Could Tip Balance on Climate Change

November 24, 2014, 10:58 am

Decades of strip mining have left this town in the heart of India’s coal fields a fiery moonscape, with mountains of black slag, sulfurous air and sickened residents

Indonesian Stocks to Beat Peers in 2015: JPMorgan

November 24, 2014, 10:58 am

6% upper end of JPMorgan’s estimate for Indonesia’s gross domestic product growth next year Jakarta. New York-based brokerage JPMorgan Chase expects Indonesian stocks to outperform their peers in Asia next year, citing positive sentiment toward the government’s policy of...

Adaro Energy to Contribute 40 Percent of Government’s Power Plant Quota

November 24, 2014, 10:57 am

What Pak Effendi said was: Government plan to build 35,000 MW within 5 years. 20,000 MW will be executed by IPP. If AP is able to get 20% of it or 4000 MW (within this 5 years) it is good already. The target is 20,000 MW within 20 years (from 2010) By Vanesha...

The path to clean coal

November 24, 2014, 10:56 am

Clean coal refers to the process of reducing carbon emissions and other harmful pollutants generated by the burning of coal for power generation to the minimum possible level. Supercritical (SC) and ultra-supercritical (USC) pulverised coal combustion and integrated gasification combined cycle...

President Jokowi’s Speech at the APEC Summit in Beijing

November 18, 2014, 11:02 am

Below is the video of President Joko Widodo’s speech at the CEO Forum in APEC Summit in Beijing:

Oil price slump means Asia can cut costly fuel subsidies

November 18, 2014, 11:01 am

By Clyde Russell LAUNCESTON, Australia, Nov 12 (Reuters) – The 25 percent drop in Brent crude so far this year is providing an unparalleled opportunity for Asian governments to scale back or end fuel subsidies. Some, like India and Malaysia, have already cut off or reduced support for...

Indonesia edges away from wasteful handouts

November 18, 2014, 11:00 am

By Andy Mukherjee SINGAPORE, Nov 18 (Reuters Breakingviews) – By cutting Indonesia’s wasteful fuel subsidies in his very first month as president, Joko Widodo has established his reformist credentials. He has also nudged a flabby economy to place a tentative foot onto the...

For India, China-backed lender may be answer to coal investment

November 18, 2014, 10:59 am

By Manoj Kumar and Tony Munroe NEW DELHI/SEOUL (Reuters) – India is hoping a new China-backed multilateral lender will fund coal-based energy projects, an official said, putting it in direct conflict with the World Bank, whose chief has maintained that it would stick to its restrictions on...

Mega-power plant planned

November 17, 2014, 11:05 am

Indonesia will build a 5,000-megawatt power plant in Cilacap, Central Java, as part of the new government’s ambitious program to have at least an additional 35,000 MW of power within five years.

Booming Coal Use Isn’t Just About China – It’s Increasingly About India Too

November 17, 2014, 11:04 am

Coal has been the world’s fastest growing energy source for a decade. That’s largely been driven by China. Increasingly, though, it’s about India too, which has important climate implications.

World still dependent on coal: NSW Minerals Council

November 11, 2014, 11:06 am

Chris Uhlmann reported this story on Monday, November 3, 2014 08:04:33 CHRIS UHLMANN: Stephen Galilee is the chief executive of the New South Wales Mineral Council. Stephen Galilee, if you could give us some context, what are coal exports worth to Australia each year? STEPHEN GALILEE: Well...

Time to Cut Fuel Subsidies in Emerging Markets

November 11, 2014, 11:06 am

Newly elected and reelected leaders in Brazil, India, and Indonesia have a new impetus to jump-start reforms in their countries: falling global oil prices. Since July, the commodity has declined nearly 25 percent in value. While the reasons and benefits behind this cheap oil may be hazy, one policy...

Indonesia slowdown highlights challenges facing Widodo

November 6, 2014, 11:07 am

Southeast Asia’s biggest economy is suffering because of a drop in demand from China for its commodity exports such as coal and rubber, and tightened monetary policy, which was implemented last year to stem capital outflows. Mr Widodo, who took office last month, has pledged to boost...

PLN Ready to Build 15,000-MW Power Plants

November 4, 2014, 11:08 am

State-owned electricity company PT PLN (Persero) has said it is ready to develop power plants with a total capacity of 15,000 Megawatts (MW) within five years, starting from 2015. “From the government’s program to develop 35,000-MW power plants by 2020, PLN is ready to build power...

Coal Cheapest Way to Produce Power

November 3, 2014, 11:10 am

The Yomiuri Shimbun Electricity from coal is the cheapest energy to produce at ¥7.8 per kilowatt-hour, followed by nuclear power at ¥8, according to provisional calculations by a private research institute. The calculations were prepared by the Research Institute of Innovative Technology...

Thermal Coal Still a Goldmine for Australia

November 3, 2014, 11:09 am

DON’T write thermal coal off yet. The combination of very high power prices in Japan, new technology and the fact that world temperatures have not increased in the last decade is giving coal another chance given its low price. Japan went for nuclear power in a way that was matched by few...

The Adaro Blog