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Friday, 07 October 11
$100M FOR EXPANSION INTO KALIMANTAN MINING: AKR
 The Jakarta Globe, one of the leading English news paper in Indonesia reported that, AKR Corporindo, a fuel and chemical distributor, has set aside $100 million to finance its expansion plans, including a push to acquire a coal-mining plant in Kalimantan, a top executive said.
The company’s president director, Haryanto Adikusumo, said on Wednesday that AKR would also spend some of the funds that it raised from a sale in a plantation company to build roads and coal terminals in Kalimantan.
“This diversification aims to meet growing demand in Indonesia, India and China,’’ Haryanto said.
Jakarta-based AKR is also building a coal terminal at Kalimantan’s Timbau Bay to ferry coal to overseas markets like China, the president director added.
AKR’s coal sales are forecast to increase to 1.2 million tons in 2012 from around 200,000 tons this year. AKR already has a coal-mining plant in the area that started commercial operations in the middle of this year.
Haryanto said that AKR targets revenue to increase to Rp 18 trillion ($2 billion) this year from Rp 12 trillion in 2010. Its first-half revenue rose 74 percent to Rp 9.06 trillion from a year earlier. In the same period, its net income more than doubled to Rp 266 billion from Rp 94 billion.
AKR’s coal expansion is in line with moves by other Indonesian companies, such as vehicle distributor Astra International, that have announced massive expansion plans.
The acquisition of coal mining companies is a frequent choice, to benefit from the rising price of coal in the global market. Astra, the largest automotive retailer in Indonesia, has allocated $1.5 billion for investment, which includes the purchase of a coal miner next year.
AKR raised Rp 2.2 trillion from the sale of its stake in Sorini Agro Asia to agribusiness giant Cargill this year. Sorini is one of the world’s leading producers and suppliers of sorbitol and operates seven manufacturing facilities that are located in East Java and Lampung.
Shares of AKR rose 6.45 percent to Rp 62,475 on the Indonesia Stock Exchange on Thursday. The shares have risen 43 percent this year.
Source: The Jakarta Globe ( by: Faisal Maliki Baskoro)
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Thursday, 10 September 20
U.S. COAL PRODUCTION IN 2020 TO BE 511 MMST, 28 PER CENT LOWER THAN IN 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 511 million short tons (MMst), 194 MMst (28%) lower than in 2019. Mitigation efforts related t ...
Thursday, 10 September 20
DRY BULK SHIPPING: CHINA'S DEMAND KEEPING THE DRY BULK MARKET GOING - PETER SAND | BIMCO
Overview
An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the wo ...
Thursday, 10 September 20
TANKER SHIPPING: FREIGHT RATES BACK AT LOSS-MAKING LEVELS AFTER 12 VERY PROFITABLE MONTHS - BIMCO
Overview
A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil product ...
Thursday, 10 September 20
INDIA'S COAL IMPORTS STUMBLE IN AUGUST, RAISING RISK OF SLOW RECOVERY - REFINITIV | BANCHERO COSTA
After posting a mild recovery in July, India's coal imports have stumbled in August as the South Asian nation battles to restart it ...
Thursday, 10 September 20
THE FIRST 8 MONTHS OF 2020, INDONESIA EXPORTED 217.4 MLN TONNES OF COAL BASED ON REFINITIV - BANCHERO COSTA
The coal market has been hit by a weaker global economy as a result of COVID-19 pandemic and falling industrial electricity demand ...
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- Baramulti Group, Indonesia
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- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
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- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
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- Xindia Steels Limited - India
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- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
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- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
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- PTC India Limited - India
- GVK Power & Infra Limited - India
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
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- Simpson Spence & Young - Indonesia
- Australian Coal Association
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- Madhucon Powers Ltd - India
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- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Romanian Commodities Exchange
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- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
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- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- GMR Energy Limited - India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
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- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
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