3Q14 Quarterly Activities Report

October 30, 2014, 11:56 am | Admin

Dear Capital Market Participants,

Welcome to Adaro Energy’s (Adaro) Quarterly Activities Report for the third quarter of 2014 (3Q14). 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.

Highlights of the quarter:

  • We produced 14.03 million tonnes (Mt) during the quarter. We are on track to achieve our production guidance of 54Mt to 56Mt for 2014. (page 3)
  • We continued to see solid demand for our coal with 14.13Mt of coal sold during the quarter. (3)
  • Balangan Coal continued to receive solid interest from a range of customers. We produced 0.47Mt of Balangan Coal and sold 0.33Mt to customers in India and Thailand during the quarter. (5)
  • Adaro Indonesia (AI)’s actual strip ratio during the quarter was 6.67x, resulting in actual strip ratio of 5.79x for 9M14, which is in line with the target of 5.78x for the year. (3,4)
  • Adaro becomes a constituent of one of the Morgan Stanley Capital International (MSCI) Global Sustainability Indexes. (7)
  • Please do not hesitate to contact us should you have questions or require additional information.

     

    Yours faithfully,

    Cameron Tough

    Head of Investor Relations & Corporate Secretary

    PT Adaro Energy, Tbk.

Last modified on January 30, 2017, 11:59 am | 4372