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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, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
KALIMANTAN COAL RAIL PROJECT RUNS INTO COST DELAY - THE JAKARTA GLOBE
The Jakart globe reported that, A$1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of t ...
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- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Australian Coal Association
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Economic Council, Georgia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- PTC India Limited - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Planning Commission, India
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
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