Adaro

Coal Mining in Indonesia: Coal Production Grows in First Half of 2014

July 15, 2014, 9:55 am

Indonesian coal production reached 213 million tons in the first half of 2014, a 7.6 percentage point growth from the same period in the previous year (198 million tons), as coal miners have been boosting coal output amid sluggish international coal prices.

Beijing to Enforce Use of Clean Coal in Anti-Pollution Drive

July 15, 2014, 9:53 am

China’s capital city, Beijing, will enforce the use of cleaner low-sulphur coal from Aug. 1 in a bid to tackle the soaring levels of air pollution that frequently clog the country’s major cities, the official Xinhua media agency said on Saturday.

Indonesia’s Plan for Dedicated Coal Ports Will Face Funding Issues, May Hit Exports: Analysts

July 15, 2014, 9:52 am

Indonesia’s ambitious plan to build 14 dedicated coal terminals will be hindered by investment issues, while the restriction of using only these new and existing accredited ports to curb illegal coal outflows may hurt exports, analysts said this week. The country sees the need for building...

Supplying Electricity to Indonesians; Domestic Coal Consumption Rises

July 14, 2014, 9:51 am

Indonesian state-owned electricity firm Perusahaan Listrik Negara (PLN) said that Indonesia – Southeast Asia’s largest economy – is expected to nearly double domestic consumption of thermal coal over the next eight years in an attempt to meet the nation’s growing electricity...

The Future of Coal: Despite Gas Boom, Coal Isn’t Dead

July 2, 2014, 4:18 pm

James River Coal Co. laid off a quarter of its workers. Consol Energy Inc., which has mined coal since the Civil War, sold five Appalachian mines, representing nearly half its coal output. And more than a half-dozen U.S. coal-mining companies went under, beset by new environmental rules and...

Indonesian Thermal Coal Market Sees Wide Bid-Offer Price Gap

July 2, 2014, 4:17 pm

Negative sentiment over large Chinese coal producer Shenhua’s decision to cut its domestic coal prices mid-week permeated the Indonesian thermal coal market Friday leaving a wide bid-offer price gap for cargoes, sources said.

Customer is Priority

July 2, 2014, 9:50 am

Prioritizing customers is not just a “slogan” for Adaro, but it reflects Adaro’s employees’ commitment to give their best for the customers. It is also stated clearly in one of the company’s mission statement “satifying the customers’ needs’. This...

What to Watch in 2014: Policy Developments That Will Shape the Coal Industry

July 2, 2014, 9:49 am

With around 40 national elections, representing 42% of the world’s population and more than half of its GDP, 2014 could be one of the most significant policy years on record. New governments, policies, and regulations expected over the year will influence the policy environment for the energy...

War on coal yields predictable results

June 29, 2014, 3:24 pm

The federal government is predicting that consumers will spend nearly 5% more on electricity this summer than they did last summer, thanks to new EPA regs that are forcing electric companies to take hundreds of thousands of megawatts offline that are generated by coal-fired electric...

Coal Tipped to Beat Out Gas in Race to Fuel Asia

June 27, 2014, 4:15 pm

Natural gas is set to lose out to coal as the fuel source to meet Asia’s rising energy demand because of high LNG prices which are being forced up by high cost inflation, the International Energy Agency has cautioned.

Government Tightens Illegal Coal Activity to Boost Revenues

June 27, 2014, 4:13 pm

The Indonesian Government has finally admitted what the industry has long known – that between 50 and 60Mtpa of coal is illegally traded out of the country. And it is no longer prepared to lose the royalties it is entitled to from this coal. Speaking at the Coaltrans Asia conference in...

India Moves to Raise Coal Output from Old Mines in Push for Power

June 23, 2014, 4:13 pm

India’s coal and power minister said he will seek environment ministry approval next week to raise output from coal mines as an interim step to augment supply for power generation, a focus area for new Prime Minister Narendra Modi. Coal India, which accounts for 80 percent of the...

June 23, 2014, 4:08 pm

Plunging thermal coal prices will force some small and low-margin producers in Indonesia out of business before year-end, an industry group said, cutting output capacity in the world’s top exporter. The benchmark for Asian coal prices GCLNWCWIDX has dropped 16 percent so far this year and...

Rising German Coal Use Imperils European Emissions Deal

June 23, 2014, 4:08 pm

The European Union’s attempt to cap greenhouse-gas emissions over the next 16 years is threatened again as rising pollution from the bloc’s biggest economies show even developed nations want to burn cheap coal.

Coal’s Share of World Energy Demand at Highest Since 1970

June 23, 2014, 4:07 pm

Coal dominated world energy markets last year by supplying the biggest share of demand since 1970, making it the fastest growing fossil fuel, according to an annual review by BP Plc.

Jokowi Visits South Kalimantan, Touches Upon Mining Royalty

June 19, 2014, 4:06 pm

The presidential candidate Joko Widodo, lovingly referred to only as Jokowi, recently visited the official residence of South Kalimantan Governor, Ruddy Ariffin, reports Tambang Online.They talked about, among others, the need for renegotiation between central and local government on the...

Adaro, Astra International and Bank Mandiri Score Highly with Investors

June 16, 2014, 4:05 pm

Today, Alpha Southeast Asia revealed the results of their fourth annual poll to find Southeast Asia’s top companies. The awards are based on tallied votes among 477 investors, pension funds, hedge funds, equity and fixed income brokers and analysts with investment interests in the...

Indonesia Power Station Coal Demand Seen Almost Doubling by 2022

June 16, 2014, 4:04 pm

Indonesia is expected to nearly double domestic consumption of thermal coal over the next eight years to help meet annual growth in electricity demand of around 8.4 percent, Reuters has reported the state power company as saying on Friday. Electricity demand growth in Southeast Asia’s...

Indonesian Thermal Coal Prices Stable Despite Barito River Shutdown

June 16, 2014, 4:03 pm

Indonesian thermal coal prices remained stable amid a brief shutdown of the Barito River in South Kalimantan, sources said on Wednesday

Woman in Mining: Indriani Herlianti – Leadership and Success Begins on the Extra Miles

June 16, 2014, 4:03 pm

Mining has traditionally been a male dominated industry and although there has been changes in terms of integrating woman into the mining industry, it appears that they are still underrepresented. According to a study “Mining for Talent” published in January conducted by Woman in...

China’s Clean-Fuel Focus Tests U.S. Coal-Export Lifeline

June 10, 2014, 4:02 pm

The mud-colored air that blankets Chinese cities these days is bad for the people who live there. It may prove unhealthy for U.S. coal producers, too. Intense opposition on the U.S. West Coast, over climate change, rail congestion and damage to Native American fisheries, already is blocking new...

Indonesia Considers New Restrictions on Coal Output, Exports

June 10, 2014, 4:01 pm

Indonesia, the world’s top exporter of thermal coal, is considering new regulations to limit coal production and tighten controls on exports, government officials said on Friday, and could introduce the rules by early next month. The country currently exports around 70 percent of its coal...

Asian Coal Miners, Traders Face Up to Grim Realities

June 6, 2014, 4:00 pm

“There is no skin left on my teeth to hang on with,” was the lament of a coal trader, expressing a sentiment echoed time and again at the industry’s largest gathering in Asia

Indonesia Plans 14 Coal Terminals in Bid to Curb Illegal Exports

June 5, 2014, 3:59 pm

Indonesia, the world’s largest exporter of thermal coal, plans to build 14 dedicated coal terminals in the islands of Kalimantan and Sumatra in a bid to curb illegal coal exports, a government official said Monday.

Newcastle Coal Won’t Fall Below $70 a Ton, Indonesian Miners Say

June 5, 2014, 3:58 pm

Thermal coal at Newcastle port in Australia, an Asian benchmark price, won’t fall below $70 a metric ton, a level already close to the cost of producing and transporting coal, traders said yesterday at a Bali conference. “Production costs have gone up,” Michael Soerijadji, PT...

Coal to Survive Obama War as Efficient Plants Boost Demand

June 4, 2014, 3:55 pm

President Barack Obama’s plan to reduce greenhouse-gas emissions left coal with a future even as the industry accuses him of trying to make the fuel obsolete. The proposal, released yesterday by the Environmental Protection Agency, calls for reductions in carbon dioxide pollutants of 30...

Near Perfect Correlation Between Coal Use and GDP Growth

June 3, 2014, 3:49 pm

Coal plays an essential role in meeting the world’s energy needs and fueling economic growth. Coal is the world’s fastest-growing fuel and is expected to surpass oil as the largest energy source in coming years. Since 1970, global coal use has increased approximately 335 percent,...

China Poised for Green Energy Revolution Led by Technology and Coal

June 3, 2014, 3:48 pm

China is the world’s fastest-growing economy, largest energy user and largest coal user. The nation is also leading a green energy revolution by advancing state-of-the-art technology for clean electricity from coal. For full article, please click

China’s Energy Demand Set to Double in 12 Years

June 3, 2014, 3:47 pm

Rapid urbanization and modernization in China are driving an unprecedented increase in demand for energy that puts China on course to require more power than the United States and Europe combined by 2035. For full article, please click

Learning from China: A Blueprint for the Future of Coal in Asia

June 3, 2014, 3:46 pm

The use of coal to meet growing energy demands in Asia is being driven by three forces: coal’s rapid scalability, its inexpensive cost, and the availability of readily accessible reserves. For full article, please click

Australian Transport, Mining Companies Cut Jobs

June 2, 2014, 3:45 pm

SYDNEY—Australian companies in the logistics and coal-mining sectors announced a combined 130 job cuts Thursday, illustrating the challenges facing the nation’s economy as it confronts a cooling mining boom. Toll Holdings Ltd., which provides freight and transport services to...

Investors Bet on Indonesian Coal, Despite Price

May 23, 2014, 3:44 pm

Investors Bet on Indonesian Coal, Despite Price Coal Is Down 14% This Year – but After a Brutal 2013, Some Mining Shares Are Up Investors are piling back into Indonesia’s biggest coal miners in the belief that the long-shunned sector is ready to benefit from a recovery in...

Memo to Stanford: Don’t attack coal, attack carbon with a tax

May 21, 2014, 3:43 pm

Last week, Stanford’s Board of Trustees announced that the university would not directly invest funds from its endowment in coal mining companies. Even the strongest advocates of this action acknowledge that it is a symbolic gesture with little direct effect on the coal industry or global...

Jakarta Globe: Adaro Energy May Seek Bank Loan to Repay Debt This Year

May 12, 2014, 3:43 pm

Adaro Energy, the country’s second-largest coal miner, may seek bank loans to help it repay its mounting debt this year, one of the company’s directors said. The miner will use also its own funds to settle maturing debt, chief financial officer David Tendian said. “If our...

How India plans to double Coal output by 2019?

May 11, 2014, 3:44 pm

India is poised to double its coal production in a few years. The country aims to push production to 1 billion tonne by 2019 from its coal mines. India’s Coal behemoth Coal India (CIL) has set a target to mine 1 billion t of coal by 2019 which is double the current output of 500 million...

The Adaro Blog May 2014 Indonesia Coal Price Benchmark

May 8, 2014, 3:42 pm

The Indonesian benchmark coal price as published monthly by the Ministry of Energy and Mineral Resources. May’s guide price is US$73.60/tonne (FOB). contains benchmark prices for main coal types and detailed sample prices for all other coal types recorded with the ministry. At the end...

Adaro Energy Will Conduct Annual Public Expose on May 8, 2014

April 30, 2014, 3:38 pm

Adaro Energy will conduct its Annual Public Expose on Institutional Investor Day 2014 with schedule as follows: Date: May 8, 2014 Time: 11:15 – 12:15 Place: Seminar Room , Indonesia Stock Exchange For more information, please contact Indonesia Stock Exchange at...

Coal: The Fuel of the Future, Unfortunately

April 29, 2014, 3:37 pm

A cheap, ubiquitous and flexible fuel, with just one problem WHAT more could one want? It is cheap and simple to extract, ship and burn. It is abundant: proven reserves amount to 109 years of current consumption, reckons BP, a British energy giant. They are mostly in politically stable places....

Foreign Investment Aimed at Consumers

April 29, 2014, 3:36 pm

Consumer- focused companies from Ikea to European automakers are putting money into Indonesia to target the country’s young population. Investment will grow at least 15 per cent this year, a slower pace than last year’s 27 per cent, and a more sustainable level, Mahendra Siregar,...

Coal-Fired Power is Cleaner than You Think

April 29, 2014, 3:35 pm

Coal-fired generation has the largest carbon footprint among the various generation technologies that China employs. But it is air pollution, rather than greenhouse gases, that is the government priority in our view. With emissions reduction equipment fitted, coal-fired units emissions can be...

Buffett’s annual letter: What you can learn from my real estate investments

April 16, 2014, 3:33 pm

In an exclusive excerpt from his upcoming shareholder letter, Warren Buffett looks back at a pair of real estate purchases and the lessons they offer for equity investors. For full story, please click this link

Japan Steps Up Shift to Coal, Gas Amid Nuclear Shutdowns

April 14, 2014, 3:31 pm

Japan’s utilities are again stepping up plans to increase electricity output from coal and natural gas to replace lost nuclear power, with a prolonged shutdown of reactors continuing and a rising prospect that many units may not come back online. This week Tokyo Electric Power Co 9501.T,...

After Fukushima Disaster, Japan Looks to Coal Power (source: WSJ)

April 13, 2014, 3:30 pm

Published March 28, 2014 The Wall Street Journal Japan is turning into a rare bright spot in the world coal market, stepping up coal-fired power generation to replace nuclear plants that went offline after the 2011 Fukushima accident. Plans by Japanese companies to spend billions of...

Perception Survey 2014 – We want to hear your thoughts!

April 4, 2014, 3:30 pm

Dear Capital Market Participant, In order to further improve our interactions, to further improve our ability to keep you well informed about Adaro, to help build proper understanding about Adaro, we are conducting our annual Perception Study. Could you please spare 5 minutes out of your day...

Joko Widodo Candidacy Offers Indonesia Tenuous Promise

April 3, 2014, 3:29 pm

From Institutional Investor, April 1 2014 by Aaron Timms With India and Indonesia due to hold elections this month, markets in both countries have rallied strongly over the past few weeks. In India the benchmark CNX Nifty index of the National Stock Exchange of India has gained just above 5...

Wanna be an Adaro Intern?

March 24, 2014, 3:28 pm

Interested in doing internship with one of the largest coal mining company in Indonesia? Adaro Energy is accepting applications for an internship with their Investor Relations department. The intern will have the opportunity to get highly involved in the team and receive close guidance from a...

Finance Asia: Adaro keeps the coal fires burning

March 14, 2014, 3:26 pm

Finance Asia’s journalist, Chris Dodd, interviewed Adaro Energy’s Director & Chief Finance Officer, David Tendian, about his view on the outlook of coal industry and the company’s performance. Read the full story, which was published on March 14th 2014, here

Moody’s: Adaro’s FY2013 results affected by soft coal prices but in line with expectations

March 14, 2014, 3:25 pm

Singapore, March 12, 2014 — Moody’s Investors Service says the decline in Adaro Indonesia PT’s (Adaro) full-year 2013 results were mainly reflective of weak coal prices, but remain broadly in line with Moody’s expectations. There is no immediate impact on...

The New York Times: Coal to the Rescue, but Maybe not Next Winter

March 14, 2014, 3:24 pm

Source: The New York Times By MATTHEW L. WALD, MARCH 10, 2014 Read the full story here COLUMBUS, Ohio — When the temperature here dropped into the teens this winter, ice formed on the inside of Ernestine J. Cundiff’s windows in the drafty 50-year-old apartment...

Adaro Energy will release its FY13 Audited Financial Results on Monday, March 10th 2014 after market closes

March 3, 2014, 3:23 pm