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Monday, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
 Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured, the head of the project’s coordinating team, Yoga Pratomo, said on Sunday, with domestic coal suppliers guaranteeing 95 percent of needs.
“Only 5 percent is still in the tender process and it will be finished soon,” he said during a media tour of the Labuan steam power plant, one of the plants in the fast-track program.
The program aims to increase the country’s electricity-generating capacity by 10,000Mw. Capacity is now well below demand, resulting in frequent rolling blackouts across the country.
Yoga said the supply contracts would last for 20 years.
He said the program, which is projected to be completed by 2013, required at least 30 million tons of coal a year.
The required coal was low in calories and cost $ 40 to 55 a ton.
“With such relatively low-priced coals, the cost of electricity production can be cheap,” Yoga said.
“I predict when the entire 10,000Mw fast-track program is finished there will be a saving of Rp 100 billion ($ 11.1 million) per day, or Rp 35 trillion per year, in electricity usage.”
Yoga said 50 percent of the coal supply needed for the project, or 15 million tons a year, would be supplied by local miner Arutmin, with the rest being supplied by Bara Mutiara Prima, Titan Mining Indonesia and Hanson Energi.
“So all of the coal needed for the project will be from domestic suppliers,” he added.
Yoga said that by the end of this year, 2,000Mw more power will be provided, with a further 4,300Mw coming on stream next year.
Last November the government asked domestic coal producers to set aside 30 percent of their output for 2010 for the fast- track program.
The Energy Ministry predicted that domestic demand for coal this year would be 65 million tons, of which 85 percent would be needed to run power plants throughout the country.
The government is limiting coal exports to 150 million tons this year to ensure supply during the upgrade.
The ministry predicted that production for this year would total 230 million tons.
Source: Antara / The Jakarta Globe
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Tuesday, 12 July 11
INDONESIAN MINERS PLAN $70M INVESTMENT TO UPGRADE QUALITY OF COAL - THE JAKARTA GLOBE
One of the leading english language news paper in indonesia, the Jakarta globe reported that, as the government implements a ban on the export of po ...
Tuesday, 12 July 11
DRY BULK MARKET BEGINS WEEK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was evident by the end of the previous week, the dry bulk market’s growth momentum was about to lose steam, something proven yesterday, whe ...
Monday, 11 July 11
REFLECTIONS ON THE FLEET REACHING ONE BILLION TONNES - CLARKSONS / HELLENIC SHIPPING
“A billion gross tonnes of shipping” has a nice ring to it. It presents the industry as a business of substance, with its 85,000 ships w ...
Sunday, 10 July 11
UNTR PROVIDES US$100 MIO TO TTA - INSIDER STORIES
PT United Tractors Tbk (UNTR) agreed to allocate US$100 million to its coal subsidiary dubbed PT Tuah Turangga Agung (TTA).The US$100 million was pa ...
Sunday, 10 July 11
HARDLY ANY CARGO FROM WC INDIA UNTIL END OF MONSOONS - VISTAAR
COALspot.com - The BDI continued to hold last week and firmed up by 27 points with cape and panama index supporting the BDI.
The BDI closed at 1, ...
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- Indonesian Coal Mining Association
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- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
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- London Commodity Brokers - England
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- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
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- The State Trading Corporation of India Ltd
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- Cigading International Bulk Terminal - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
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- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
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- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
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- Central Electricity Authority - India
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
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- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- The Treasury - Australian Government
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- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
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- Chamber of Mines of South Africa
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- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
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- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
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- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
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- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
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- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
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- Thai Mozambique Logistica
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- Economic Council, Georgia
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- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
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