Adaro Energy update: Maritim Barito Perkasa, Orchard Maritime ? Barging

Wednesday, February 1 2012 - 04:08 AM WIB

The following is an edited excerpt from IDX-listed energy firm PT.Adaro Energy 's quarterly report released on Wednesday. (ed)

Barging and Shiploading Contractor: Orchard Maritime Logistics Pte Ltd (OML), PT Maritim Barito Perkasa (MBP) and PT Harapan Bahtera Internusa (HBI) (95% - 100% - 100%)

In 4Q11, coal barged increased 40% to 4.22 million tonnes due to the increased production and sales as well as shorter cycle times at Taboneo anchorage. Coal loaded also increased 11% to 3.85 million tonnes due to additional fleet. Our barging and shiploading contractor exceeded its target for 2011 of 14.8 million tonnes of barged coal and 13.5 million tonnes of coal loaded. (end of edited excerpt)

Year on Year Units 4Q11 4Q10 % Change
Total Coal Barged Mt 4.22 3.01 40%
Adaro Mt 3.94 2.95 33%
Others Mt 0.28 0.06 380%
Total Coal Loaded Mt 3.85 3.48 11%
Adaro Mt 3.85 3.35 15%
Others Mt - 0.13 -100%
Quarter on Quarter Units 4Q11 3Q11 % Change
Total Coal Barged Mt 4.22 4.54 -7%
Adaro Mt 3.94 4.25 -8%
Others Mt 0.28 0.29 -1%
Total Coal Loaded Mt 3.85 4.22 -9%
Adaro Mt 3.85 4.22 9%
Others Mt - - -
9H11 vs. 9H10 Units FY11 FY10 % Change
Total Coal Barged Mt 15.82 11.59 36%
Adaro Mt 14.31 10.87 32%
Others Mt 1.51 0.72 109%
Total Coal Loaded Mt 13.60 12.65 8%
Adaro Mt 13.53 12.38 9%
Others Mt 0.07 0.27 -73%
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