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

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

COAL MINING CONTRACTOR: PT Saptaindra Sejati (SIS)

PT SIS is one of the leading mining contactors in Indonesia, providing services for contract mining and civil, infrastructure, and logistical support. In 4Q12, AI continued to be SIS?s largest customer accounting for 61% of total overburden removal and 66% of total coal getting. The increase in total overburden removal y-o-y was due to higher than the planned average stripping ratio at AI?s mining operations. The increase in total coal getting was due to strong demand and price recovery toward the end of 2012 as well as more coal getting being assigned to SIS. SIS invested US$8.81 million in capital expenditure for heavy equipment and other infrastructure spending during 4Q12, which brought its total capital expenditure to US$114.99 million for 2012. (end of edited excerpt)

		Actual	Quarter on Quarter		Year on Year
	Units	4Q12	3Q12	% Change	4Q11	% Change
Overburden Removal	Mbcm	45.56	53.00	-14%	43.60	4%
Adaro	Mbcm	27.88	34.89	-20%	25.15	11%
Others	Mbcm	17.68	18.11	-2%	18.45	-4%
Coal Getting	Mt	7.08	5.77	23%	6.00	18%
Adaro	Mt	4.69	3.71	26%	3.97	18%
Others	Mt	2.39	2.06	16%	2.03	17%

 

		FY12 vs. FY11
	Units	FY12	FY11	% Change
Overburden Removal	Mbcm	192.89	167.52	15%
Adaro	Mbcm	119.39	95.94	24%
Others	Mbcm	73.50	71.58	3%
Coal Getting	Mt	24.54	22.65	8%
Adaro	Mt	15.98	14.97	7%
Others	Mt	8.56	7.68	11%