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adaro-energy

Adaro sets moderate 2024 sales target for coal
Companies 2 years ago

PREMIUM
Adaro sets moderate 2024 sales target for coal

Indonesia’s second-biggest coal miner projects a mere 1.9 percent increase in sales this year amid a global supply glut for the commodity.
Adaro, TBS Energi named winners of Batam floating PLTS project
Companies 3 years ago

PREMIUM
Adaro, TBS Energi named winners of Batam floating PLTS project

The Batam Concession Agency (BP Batam) has named Adaro Energy Indonesia and TBS Energi Utama as winners for the rights to the use of reservoirs in two locations designated for the floating solar power plants (PLTS) project, while indicating that export of renewable-based electricity to Singapore is targeted to kickstart in 2024.
Adaro unit plans $1.1 billion capex, mostly for smelter
Companies 3 years ago

PREMIUM
Adaro unit plans $1.1 billion capex, mostly for smelter

PT Adaro Minerals has announced plans for some US$1.1 billion in capital expenditure (capex) this year, the lion’s share of which is for an aluminum smelter.
Surging coal prices buoy mining firms’ performance
Companies 3 years ago

PREMIUM
Surging coal prices buoy mining firms’ performance

Big publicly listed coal mining companies have seen their financial conditions improve on the back of surging global prices of the fossil fuel.
Adaro records coal output up 17% yoy in second quarter
Companies 3 years ago

PREMIUM
Adaro records coal output up 17% yoy in second quarter

Coal miner Adaro seems to be on course to achieve full-year output of up to 60 million tons as it had initially targeted, thanks to record heat waves and surging demand following eased pandemic restrictions.
Adaro's coking coal subsidiary seeks up to $58 million from IPO
Companies 4 years ago

PREMIUM
Adaro's coking coal subsidiary seeks up to $58 million from IPO

PT Adaro Minerals Indonesia is the coking coal mining subsidiary of PT Adaro Energy, the second largest coal miner in the country by output after PT Bumi Resources. 
Mining SOEs gain more privilege with recent court ruling
Business 4 years ago

PREMIUM
Mining SOEs gain more privilege with recent court ruling

The Constitutional Court (MK) has revoked the special mining permit (IUPK) guarantee for the work of private-sector mineral and coal mine contract holders.
Decade-high coal prices drive strong H1 mining performance
Business 4 years ago

PREMIUM
Decade-high coal prices drive strong H1 mining performance

Indonesian coal miners have booked either a profit increase or a reversal of last year's losses in strong first-half performance on the back of high prices due to increased demand as economies reopen and supply pressure amid the China-Australia trade spat.
Pertamina partners with Adaro, Indika for coal gasification facilities
Business 5 years ago

Pertamina partners with Adaro, Indika for coal gasification facilities

The collaboration is meant to fill the gap in domestic DME supply needed by Pertamina, the country’s largest LPG distributor.
Indonesian miners sign $1.46b coal shipment contract with Chinese traders
Business 5 years ago

Indonesian miners sign $1.46b coal shipment contract with Chinese traders

The Indonesian Coal Mining Association (APBI) signed on Wednesday a deal with the China Coal Transport and Distribution (CCTD) association to export US$1.46 billion worth of coal to China next year.
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