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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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Monday, 24 May 10
PAMA TO CLOSE COALS ACQUISITION IN 2010
Insider Stories reported that, Indonesia's largest coal mining contractor PT Pamapersada Nusantara, subsidiary of PT United Tractors Tbk (UNTR), wi ...
Sunday, 23 May 10
SINGARENI LEVIES PREMIUM TO BALANCE COAL DEMAND - BUSINESS STANDARD
Business-Standard reported that, In view of the rising demand for coal, Singareni Collieries Company Limited has recently levied a premium on c ...
Saturday, 22 May 10
THE BRENT CRUDE PRICES WAS SHARPLY DOWN AT US$ 71.72 PER BARREL - VISTAAR SHIPPING
COALspot.com: The freight market was under pressure with the caps size index down by 10 pct with uncertainty in Europe crisis continuing.
The BD ...
Saturday, 22 May 10
PORT CONGESTION IN AUSTRALIA HELPING RATES CHINA COAL IMPORT BOOM TO CUSHION FREIGHT RATES
China's record coal imports this year will provide some support to freight rates but growing pressure from fleet oversupply is set to limit gains. ...
Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...
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- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- MS Steel International - UAE
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- The University of Queensland
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Ministry of Mines - Canada
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
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