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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, 17 May 10
S. AFRICA CUTS EUROPE COAL SUPPLY, ASIA SALES RISE, TRADER SAYS - BLOOMBERG
Bloomberg reported that, South Africa’s Richards Bay Coal Terminal, Europe’s biggest source of the fuel burned for power, cut shipments ...
Monday, 17 May 10
GREEK CRISIS TO SEE FREIGHT RATES FALL BANGKOK POST
The Greek debt crisis will likely cause shipping rates to fall this quarter enabling SET-listed Precious Shipping Plc to buy second-hand vessels at ...
Monday, 17 May 10
NEWCASTLE COAL QUEUES COULD BE HISTORY - THE HERALD
NEWCASTLE'S infamous coal queues could be a thing of the past if a plan to have the ships anchor over the horizon succeeds against the doubts of it ...
Sunday, 16 May 10
THREE FIRMS SHORTLISTED FOR CIL'S $ 2BN OVERSEAS PROJECTS - ECONOMIC TIMES
Economic Times reported that, State-owned Coal India Ltd (CIL) has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/S ...
Sunday, 16 May 10
INDIKA ENERGY & COAL ASSETS EXPANSION
Insider stories reported that, PT Indika Energy Tbk (INDY) has three portfolio coal assets, PT Kideco Jaya Agung, coal asset in East Kalimanta ...
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- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
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