The Adaro Blog
Cameron Tough at IR Magazine Awards and Conference SEA 2012
December 10, 2012, 1:38 pm
IR Magazine held its annual SEA Awards and Conference on December 6, 2012 at Singapore Stock Exchange. Adaro Energy’s Head of Investor Relations, Cameron Tough, was one of the panelists in the discussion-based think tank on “Optimizing Your Shareholders...
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Adaro announces interim dividend of US$35.18 million
December 6, 2012, 1:38 pm
On November 23rd 2012, Adaro announced interim dividend of US$35,184,558.20 for 31,985,962,000 shares or US$0.0011 per share from the company’s Net Income for nine month 2012.
Below are the dates for interim dividend distribution:
- Interim dividend announcement on IDX: December 4th...
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Adaro Received Asia’s Best Borrower Awards from Finance Asia
December 3, 2012, 1:36 pm
link to story: http://www.financeasia.com/News/319126,fixed-income-research-poll-results-2012-day-3.aspx
In a recent poll conducted by Finance Asia, Adaro was recognised as Asia’s Best Borrower for Indonesia and the Most Professional Borrower in Asia for non investment grade...
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Adaro Expects 5% Increase In Production
December 3, 2012, 1:35 pm
Adaro expects 5% increase in production
Raras Cahyafitri, The Jakarta Post, Jakarta | Business | Thu, November 29 2012, 11:39 AM
Paper Edition | Page: 13
Coal miner PT Adaro Energy says it will increase production about five percent next year, even though there are no indications that...
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Adaro to present in Sustainable Mining Roundtable
November 2, 2012, 1:34 pm
Mr Wisnu Susetyo, Corporate Health, Safety & Environment GM of PT Adaro Energy will share his thoughts on conducting sustainable mining, the Adaro way on a roundtable session on Sustainable Mining to be held on November 13, 2012.
Register to nur.afrianty@mkklaw.net
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Adaro Indonesia Obtained Nine Awards in GKPM 2012
October 3, 2012, 1:27 pm
Adaro Indonesia Obtained Nine Awards in GKPM 2012
On 28 September 2012, PT Adaro Indonesia received a total of nine awards in community empowerment “Gelar Karya Pemberdayaan Masyarakat” (GKPM) from the Coordinating Ministry for People’s Welfare. The Secretary to Minister on...
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Fitch affirms Adaro Indonesia at ‘BB+’; outlook stable
September 27, 2012, 1:26 pm
(The following statement was released by the rating agency)
Sept 25 – 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. Fitch has also...
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Distribution of Cash Dividends
May 18, 2012, 1:24 pm
On April 27, 2012, the AGMS of Adaro Energy decided to pay final cash dividends for FY2011 of US$183,919,281.50 for 31,985,962,000 shares or US$0.00575 per share. In addition, the BOD and BOC of Adaro Energy on April 24, 2012 also decided to pay the first interim cash dividends for FY2012 of...
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Indonesia Says Report of Tax for Coal Exports Is ‘Premature’
April 10, 2012, 1:18 pm
Source: Bloomberg
By Yoga Rusmana and Fitri Wulandari
April 4 (Bloomberg) — Indonesia isn’t formally discussing a suggestion from the Industry Ministry to tax exports of coal and minerals, according to government and industry officials.
The Industry Ministry...
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Xstrata, Tohoku set April coal contract around $115/metric tonne
April 3, 2012, 1:17 pm
Xstrata Plc (XTA.L) and Tohoku Electric Power Co (9506.T) have settled the first Japanese annual coal import contract for the fiscal year beginning April 1 slightly above $115 per metric tonne, sources told Reuters on Friday, a level which will likely be followed by Japan’s other...
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Global carbon growth stalls as US coal continues to slump
November 14, 2011, 10:13 am
Declining consumption of coal in the US last year played a significant role in keeping down global emissions of carbon dioxide, according to a new report.
The Global Carbon Project annual analysis shows that CO2 emissions were almost flat for the third year in a row, despite a rise in economic...
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Indonesian billionaire Anthoni Salim digging for coal assets
November 10, 2011, 10:14 am
Rio at a glance
The company of Indonesian billionaire Anthoni Salim is believed to be scanning the Australian market for coalmining assets, with some questioning whether it could end up with some of Rio Tinto’s portfolio on Australia’s east coast, thought to be worth about $2...
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Adaro Receives US$1 billion Commitment for Landmark 10 year Bank Loan
May 30, 2011, 1:14 pm
Adaro Indonesia, a principal subsidiary of Adaro Energy, today announced a landmark 10 year bank transaction of US$750 million. Announcing the transaction, the Group CFO David Tendian said, “we are very thankful to the key relationship banks who supported this transaction with a commitment of...
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Indonesia Imposes New Taxes on Metal Exports
May 8, 2011, 1:11 pm
Original Article from The New York Times: http://www.nytimes.com/2012/05/05/business/global/indonesia-imposes-new-taxes-on-metal-exports.html?_r=2
Indonesia Imposes New Taxes on Metal Exports
New Indonesian taxes on metals and curbs on the shipment of raw minerals may curtail...
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Commodities to Rally on Fed’s ‘Game Changer,’ UBS Forecasts
October 25, 2010, 12:58 pm
By Chanyaporn Chanjaroen
Oct. 19 (Bloomberg) — Commodities will rally if the U.S.
Federal Reserve eases monetary policy next month, according to UBS AG, which describes a likely second round of quantitative easing as a “game changer” for copper, gold and palladium.
The...
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Indonesia Coal Output Reaches 90% of 2010 Estimate
October 15, 2010, 12:58 pm
From Bloomberg:
Indonesia Coal Output Reaches 90% of 2010 Estimate (Update1)
2010-10-14 09:54:24.416 GMT
(Adds 2011 forecast in second paragraph.)
By Bambang Djanuarto
Oct. 14 (Bloomberg) — Indonesia’s coal production reached 280 million tons at the end of...
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Adaro wins Best High Yield Bond from Asiamoney
October 13, 2010, 11:57 am
We are delighted to inform you that Adaro Indonesia’s US$800 million 7.625% bonds due 2019 have won the “Best High Yield Bond” from Asiamoney…http://www.asiamoney.com/Article/2359148/Channel/18879/Asias-best-deals-of-2009-high-yield-bond.html (will need to be a...
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China Coal Prices Rise for First Time in 4 Months
September 30, 2010, 12:56 pm
By Bloomberg News
Sept. 30 (Bloomberg) — Coal prices at Qinhuangdao, a Chinese benchmark, rose for the first time in four months as bad weather hampered supplies and power stations replenished inventories depleted during summer.
The price of power-station coal with an energy value of...
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Komatsu Seeks Bio-Diesel Customers in Asia, Africa
September 6, 2010, 12:55 pm
From Bloomberg:
Komatsu Seeks Bio-Diesel Customers in Asia, Africa
By Masumi Suga and Yasumasa Song - Sep 1, 2010 3:52 PM GMT+0700
Sept. 1 (Bloomberg) — Komatsu Ltd., the world’s second- largest maker of mining trucks and excavators, plans to seek more...
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August 19, 2010, 12:52 pm
From JakartaGlobe.com:
‘Super-Extreme’ Weather Is the Worst on Record
Nurfika Osman | August 19, 2010
Jakarta. Indonesia has been experiencing its most extreme weather conditions in recorded history, meteorologists warned on Wednesday as torrential rains...
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China’s Jan-May coal imports jump 114 pct on robust industrial
July 5, 2010, 12:49 pm
From Bloomberg
BEIJING, Jul 04, 2010 (Xinhua via COMTEX) — China’s coal imports surged 114.3 percent year on year to 68.98 million tonnes in the Jan.-May period on the back of strong industrial demand, the Ministry of Industry and Information Technology
(MIIT) said Monday.
In a...
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Indonesia Cancels Letter of Credit Rule for Commodity Exports
July 5, 2010, 12:48 pm
From Bloomberg:
By Yoga Rusmana
June 28 (Bloomberg) — Indonesia, the biggest palm oil producer, canceled rules that required all commodity exporters to use letters of credit for shipments exceeding $1 million, as foreign exchange reserves have increased.
“The existing export...
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Indonesia’s Credit Rating Outlook Raised by Moody’s
June 24, 2010, 12:46 pm
From Bloomberg:
2010-06-21 05:45:45.368 GMT
(Updates with comment from economist in fifth paragraph.)
By Jeran Wittenstein and Achmad Sukarsono
June 21 (Bloomberg) — Indonesia’s credit rating outlook was raised to positive by Moody’s Investors Service, highlighting the...
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China to close 7,000 small coal miners by 2015 – report
June 24, 2010, 12:45 pm
From Reuters.com:
China to close 7,000 small coal miners by 2015 – report
BEIJING June 23 (Reuters) – China aims to shut down as many as 7,000 small coal miners by 2015, according to a draft government document obtained by Chinese media on Tuesday.
About 11,000...
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Bye-bye dollar peg, hello flexible renminbi
June 21, 2010, 12:44 pm
From Finance Asia:
Just ahead of the G20 meeting, China says it will increase the flexibility of the renminbi now that the global economy is gradually recovering
By Lara Wozniak | 21 June...
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Coal prices to remain high: Rio Tinto
June 21, 2010, 12:41 pm
From TheAustralian.com.au:
Coal prices to remain high: Rio Tinto
Alex Wilson | Dow Jones Newswires |June 21, 2010 2:59PM
RIO Tinto says it expects metallurgical coal prices to remain high, driven by strong global demand.
The Anglo-Australian mining giant expects...
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UBS Wealth’s Pu Yonghao Favors Emerging-Market Equities
June 17, 2010, 12:40 pm
From Bloomberg:
UBS Wealth’s Pu Yonghao Favors Emerging-Market Equities
2010-06-17 02:48:25.349 GMT
By Shiyin Chen and Maryam Nemazee
June 17 (Bloomberg) — UBS AG’s wealth management unit said it favors stocks in emerging markets including China, India...
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