Adaro Has Record Coal Production in Second Quarter With 12% Gain

PT Adaro Energy, Indonesia’s second-biggest power-station coal producer, said output rose to a record 13.5 million metric tons in the second quarter.

Production climbed 12 percent in the period, from 12.05 million tons a year ago, the South Jakarta-based company said yesterday in an e-mailed statement, citing contractor efficiencies and lower-than-average rainfall. The previous record was 13.3 million tons, in fourth quarter of 2012.

Separately, Adaro said China’s threatened ban of lower-quality coal has yet to materialize.

“We believe that China will steadily continue to import coal from Indonesia, especially lower-calorific value products which are mostly blended with higher calorific value coals,” the company said.

Adaro mined 24.9 million tons of coal in the six months ended in June, up 8.4 percent from 23 million tons in the year-earlier period.

To contact the reporter on this story: Yoga Rusmana in Jakarta at yrusmana@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.