Adaro Energy Releases 2Q13 Activities Report

July 31, 2013, 12:00 pm | Admin

daro Energy’s Quarterly Activities Report for the second quarter of 2013 is released today. We regularly issue the quarterly activities report one month after the end of each quarter. The report focuses on our operations, business development, exploration and other activities. We will release our 1H13 financial press release along with our financial statements and notes (limited review) on August 29, 2013.

Highlights of the quarter:

  • We achieved a new quarterly record for coal production of 13.52 million tonnes.
  • The Newcastle coal price decreased nearly 10% in the quarter but demand and price for sub-bituminous 4200 CV coal stayed solid (4,5).
    Adaro Energy took delivery of a new floating transfer unit, which will perform shiploading activities at a rate of approximately 60,000 tonnes per day.
  • Our out of pit overburden crusher and conveyor (OPCC) system commenced trial operations and is expected to be fully commissioned in 3Q13.
  • The first 30 megawatt (MW) unit of our mine-mouth power plant is supplying power to PLN and Adaro Indonesia. Commissioning of the second unit is expected in 3Q13.
  • At the Kelanis River Terminal, we commissioned a seventh crushing line, increasing crushing capacity by nearly 11 Mt.
  • Adaro Indonesia completed a US$380 million refinancing.

 

General Media:
For further information, please contact:
Devindra Ratzarwin
Corporate Secretary
Tel: (6221) 521 1265
Fax: (6221) 5794 4685
Email: corsec@ptadaro.com

Financial Media:
For further information, please contact:
Mr. Cameron Tough
Head of Investor Relations
Tel: (6221) 521 1265
Fax: (6221) 5794 4685
Email: cameron.tough@ptadaro.com

Last modified on January 30, 2017, 12:01 pm | 1420