Adaro Energy update: Saptaindra Sejati (SIS) ? Mining Contracting

Monday, August 2 2010 - 02:42 AM WIB

The following is a combined excerpt from IDX-listed energy firm PT.Adaro Energy 's quarterly report and presentation material released on Friday. (ed)

PT Saptaindra Sejati ? Mining Contracting (100%)
In the first half of 2010, SIS?s total overburden stripping volume was 60.8 Mbcm while coal extraction was 9.3 Mt. This was an 11% increase in overburden removal and 30% increase in coal extraction compared to the same period last year.

Meanwhile, SIS?s coal extraction performance in the first half for Adaro has increased 36% from 4.7 Mt in 2009 to 6.4 Mt in 2010. This year, the planned production of SIS is around 141 Mbcm of overburden stripping and 21 Mt of coal extraction.

To support its expansion plan, SIS has spent approximately US$22 million for new heavy equipment out of its budgeted Capex of US$70 million for the year. (end of excerpt)

? Units 1H09 1H10 % Change
Overburden Removal Mbcm 54.67 60.81 11%
Adaro Mbcm 29.80 31.59 6%
Others Mbcm 24.87 29.22 9%
Coal Mined & Hauled Mt 7.15 9.32 30%
Adaro Mt 4.70 6.40 36%
Others Mt 2.45 2.92 19%

SIS Customers

Customers Location Contracted Volume (Mt) Duration
PT Adaro Indonesia Tanjung Tabalong, South Kalimantan 50 2009 - 2014
PT Berau Coal East Kalimantan 9.9 Varied until 2013
PT Borneo Indobara Sembaban, South Kalimantan 10.0 2009 - 2014
PT Indomining Sanga-sanga, East Kalimantan 6.8 2007 - 2012
PT Sumber Kurnia Buana Paringguling, South Kalimantan 4.4 2005 - 2012
PT Tunas Muda Jaya Muara Komam, East Kalimantan 2.9 2009 - 2013

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