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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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Thursday, 03 June 10
INDO GOVERNMENT TRIES TO CALM BUSINESSES FEARS OVER FOREST - CLEARING MORATORIUM
The Jakarta Globe reported that, as producers of coal and palm oil continued to howl, the government on Tuesday offered reassurances that the develo ...
Thursday, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw mater ...
Wednesday, 02 June 10
SRI LANKA TESTS 1ST COAL POWER PLANT IN SEPT.
Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by Janu ...
Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed ...
Wednesday, 02 June 10
KIDECO TO PRODUCE 29.5 MILLION TONS OF COAL IN 2010
COALspot.com: Kideco to produce 29.5 million tons of coal in 2010 up 4.8 million or about 19 percent up from 2009 production. Kideco produced 24.7 m ...
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- Rashtriya Ispat Nigam Limited - India
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- TeaM Sual Corporation - Philippines
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- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
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- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bulk Trading Sa - Switzerland
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- Pipit Mutiara Jaya. PT, Indonesia
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- Africa Commodities Group - South Africa
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- VISA Power Limited - India
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- Central Electricity Authority - India
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- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
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- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
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- Wilmar Investment Holdings
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- Goldman Sachs - Singapore
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- Parliament of New Zealand
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- Altura Mining Limited, Indonesia
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- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
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- Romanian Commodities Exchange
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- Cement Manufacturers Association - India
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- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- GMR Energy Limited - India
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- Power Finance Corporation Ltd., India
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- Karbindo Abesyapradhi - Indoneisa
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- Eastern Coal Council - USA
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- Indian Oil Corporation Limited
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- Australian Coal Association
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
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- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
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- Attock Cement Pakistan Limited
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- Coal and Oil Company - UAE
- White Energy Company Limited
- Thiess Contractors Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
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- The Treasury - Australian Government
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- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
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- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
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- Economic Council, Georgia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
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- The University of Queensland
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