PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 564
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013
Expressed in thousands of US Dollars, unless otherwise stated
42. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES
a. Coal mining, hauling, 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 rental fee and service fee, calculated on a monthly basis, based on a formula which
includes the amount of raw coal transported and overburden mined and transported. The contractors will provide the equipment, machinery, appliances and other supplies necessary and also in some instances may use Adaro’s own
equipment for performing the 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 and to provide floating crane services from
the contractors’ barge to customer vessels. 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 31 March 2015
PT Pamapersada Nusantara
Coal transportation 7 September 2009
31 March 2015 PT Bukit Makmur
Mandiri Utama Stripping of overburden and mining
of coal 1 January 2009
31 March 2015 PT Rahman
Abdijaya Stripping of overburden and mining
of coal 1 January 2009
31 March 2015 PT Rahman
Abdijaya Coal transportation
1 January 2009 31 March 2015
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 2015 PT Rahman
Abdijaya Rental heavy equipment
1 October 2012 31 March 2015
PT Pamapersada Nusantara
Rental heavy equipment 28 September 2012
31 March 2015
216
PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 565
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013
Expressed in thousands of US Dollars, unless otherwise stated
42. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued
a. Coal mining, hauling, barging, transhipment and other related agreements continued
