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DAro EnErgy 2013 AnnuAl rEporT
227
PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 567
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 AND 2012
Expressed in thousands of
~
S Dollars, unless otherwise stated
40. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES
a. Coal mining, transportation, barging, transhipment and other related agreements
Adaro, as a coal producer, has entered into a number of coal mining agreements. Under the agreements, Adaro is required to pay contractors a service fee, calculated on a monthly basis, based on a formula which includes the
amount of raw coal and overburden mined and transported. The contractors will provide all equipment, machinery, appliances and other supplies necessary for performing mining and transportation services and are required to
meet certain minimum production requirements.
Adaro has also entered into coal barging, transport and transhipment agreements with contractors to provide coal transportation services from Adaro’s main area to certain port destinations. Adaro is required to pay contractors a
service fee, calculated on a monthly basis, based on a formula which includes the amount of coal transported.
In addition, Adaro has also entered into a fuel supply agreement with PT Shell Indonesia “Shell”. Adaro is required to pay Shell a price, based on a formula which includes the amount of fuel supplied and the market price of fuel.
Adaro is also required to purchase a certain minimum yearly volume of fuel.
Contractor Agreement type
Agreement date Contract period end
PT Pamapersada Nusantara
Stripping of overburden and mining of coal
7 September 2009 28 February 2014
PT Pamapersada Nusantara
Coal transportation 7 September 2009
28 February 2014 PT Bukit Makmur
Mandiri Utama Stripping of overburden and
mining of coal 1 January 2009
31 March 2014 PT Rahman
Abdijaya Stripping of overburden and
mining of coal 1 January 2009
31 March 2014 PT Rahman
Abdijaya Coal transportation
1 December 2009 31 March 2014
PT Rante Mutiara Insani
Coal transportation 1 October 2009
Certain contract tonnage PT Pulau Seroja
Jaya Coal barging
1 October 2010 31 October 2017
PT Mitra Bahtera Segara Sejati Tbk
Coal barging 1 October 2010
31 October 2017 PT Meratus
Advance Maritim Coal barging
1 December 2010 31 October 2017
PT Shell Indonesia Fuel supply
8 December 2009 1 October 2022
PT Bukit Makmur Mandiri Utama
Rental heavy equipment 28 September 2012
31 March 2014 PT Rahman
Abdijaya Rental heavy equipment
1 October 2012 31 March 2014
PT Pamapersada Nusantara
Rental heavy equipment 28 September 2012
31 December 2013
Adaro is in the process of extending the agreements
Under the agreements made by SIS and coal producers, SIS provides equipments with rental mechanism, and provides mining services for overburden removal and hauling, and also coal haulingtransportation. SIS is required
to meet minimum production requirements level for certain activities. SIS receives a service fee calculated on a monthly basis, based on a formula which includes several adjustment clauses.
228
IABlE, STrong, EFFICIEnT
PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 568
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 AND 2012
Expressed in thousands of
S Dollars, unless otherwise stated
40. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued
a. Coal mining, transportation, barging, transhipment and other related agreements continued
