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Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
 The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 percent from the 300 million tons extracted last year.
Bob Kamandanu, chairman on Indonesian Coal Mining Association (APBI) said in Jakarta on Monday the rise in production would be partly due to rising demand from India and China
“The coal market is very bullish at the moment. Demand is rising everywhere, especially in China and India,” Bob said.
He estimated the coal demand in the international market would continue to increase for at least the next five years, and that the surging demand would encourage the miners to boost their production.
“They will move on with exploration and exploitation. They will also seek for ‘unorganic’ growth through acquisition,” he said.
Bob added that as much as 59 million tons coal had been produced as of February this year.
“Therefore, the figure of 320 million is very much achievable,” he said.
Indonesian coal production stood at 238 million tons in 2008.
Of the 320 million tons estimated to be produced this year, Bob said the producers were required to allocate as much as 30 percent of their production for the domestic market to comply with the domestic market obligations (DMO) imposed by the government.
Bob said the percentage of production allocated to DMO was too high and would result in a glut in the domestic market.
“With a DMO of 30 percent, the coal supply for domestic market will reach around 90 million tons this year, while the actual domestic consumption is only at about 60 million tones. This means there is an oversupply by about 30 million tons,” Bob said.
The domestic demand for coal is increasing as state power firm PT PLN begins to begin operations at several new coal-fired power plants. The domestic coal demand rose to 56 million tons in 2009 from 41 million tons in 2004.
Coal and other mining commodities have been important sources for the state budget. The sector contributed as much as Rp 15 trillion in non-tax revenues last year and is expected to contribute the same amount this year.
Director general for minerals, coal and geothermal Bambang Setiawan said the government was preparing the sector to adopt the Extractive Industries Transparency Initiative (EITI), a global initiative obliging oil, gas, and mining companies to reveal what they pay and, as for the government, to disclose what they receive.
“This will reduce pressure on the mining industry, because the public can see directly what the companies have done and make fair judgment afterward,” he said.
Bob said companies would prefer the required information compiled by the initiative to be published through the government instead of through the companies.
EITI requires both the companies to publish what they have paid to the government and the government to disclose their revenue from the companies. The dual publication is expected to create transparency in the industry.
Source: The Jakarta Post ( By - Alfian)
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Tuesday, 08 June 10
RUSSIA REPORTED A TENFOLD GROWTH IN COAL EXPORTS TO CHINA IN 1Q 2010 - BRS
A retreat for all the dry bulk segments this week, but especially for the Panamax and Supramax markets. The Panamax 4TC remains over US$30,000/day h ...
Monday, 07 June 10
SOUTH AFRICA COAL STAYS NEAR 18-MONTH HIGH ON EUROPEAN DEMAND - BLOOMBERG
Bloomberg Reported that, Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, ...
Sunday, 06 June 10
THE DOWNWARD TREND FOR S6 AND S7 ROUTE IS LIKELY TO CONTINUE NEXT WEEK - VISTAAR
COALspot.com: "This seemed market heading for corrections with all sectors down", said, Capt. Reddy, MD of Vistaar Shipping Singapore, an ...
Sunday, 06 June 10
STEAM COAL MAY BECOME NEXT BOOMING COMMODITY IN AUSTRALIA - DB
Deutsche Bank predicts that thermal coal could become Australia's next booming commodity. The German investment bank's global thermal coal team ex ...
Friday, 04 June 10
INDO/INDIA AROUND THE MID 20'S LEVEL AND MID TO HIGH 20'S INDIA/CHINA
Handy
After a quiet end to last week, the Atlantic handysize market continued&nb ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Planning Commission, India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
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