Coaltrade is based in Singapore and acts as a marketing agent to Adaro Indonesia as well as actively trading in third party coal business.
Under its agreement with Adaro, the company is a marketing agent for Adaro's export sales in specific countries and geographic areas and receives commissions from Adaro for generated sales. It also provides access to marketing information regarding those areas where it acts on behalf of Adaro as well as providing global trends in the coal industry.
In addition to this, the company trades in third party coal and either blends it with Adaro coal to improve
quality and price for onward sale or direct sells to end users.
The 2010 results showed a significant rise over 2009 with total coal sales of 4.43 million tonnes for the year compared to 3.35 million tonnes in 2009, a rise of 32%. Of importance was the rise in third party sales from 0.35 million tonnes in 2009 to 1.39 million tonnes in 2010, a 1 million tonne increase which highlighted the efforts that Coaltrade has made in developing third party trading to ensure continued organic growth.
Edwin Tsang DIRECTOR
Edwin Tsang joined the company in October 2006. He is currently the Marketing Director of Adaro Indonesia and Director of Coaltrade. Prior to this he had 25 years of experience within the coal industry, firstly with China Light and Power as Fuel Supply Engineer in the 1980's, then with the Sydney based mineral and energy consultancy firm, Barlow Jonker, as a member of the coal consultancy team in the early 1990's and finally as Managing Director of Total Energy Hong Kong. He holds a Bachelor of Science degree in mechanical engineering from Hong Kong University and an MBA from the Chinese University of Hong Kong.
| Coaltrade Services International |
2006 | 2007 | 2008 | 2009 | 2010 |
| Key Financial Highlight (in US$) | |||||
| Total Assests | 57,221,905 | 244,427,695 | 231,541,248 | 228,265,709 | 168,237,203 |
| Total Liabilities | 32,811,586 | 226,178,428 | 185,814,397 | 175,172,110 | 146,255,041 |
| Interest Bearing Debt | - | 200,000,000 | 157,654,590 | 144,690,590 | 127,964,351 |
| Total Equity | 24,410,319 | 18,249,267 | 45,726,851 | 53,093,599 | 21,982,162 |
| Revenue | 334,938,661 | 315,647,939 | 383,664,769 | 211,691,085 | 292,161,076 |
| Operating Statistics | |||||
| Total Coal Sales (million tonnes) | 10.09 | 9.32 | 7.96 | 3.35 | 4.43 |
| Adaro (million tonnes) | 5.62 | 7.48 | 7.00 | 3.00 | 3.04 |
| Third Parties (million tonnes | 4.48 | 1.85 | 0.96 | 0.35 | 1.39 |