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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, 09 June 15
FOB RICHARDS BAY COAL SWAPS DECLINED M-O-M, W-O-W
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 declined month over month and week over week.
The Q3 swap was fell US$ ...
Monday, 08 June 15
SHIPPING FLEET GROWTH HAS STARTED TO SLOW DOWN, AS NEWBUILDINGS AMOUNT TO JUST 329 SHIPS OF ALL TYPES SINCE THE START OF 2015 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Challenging market conditions have led to the inevitable reconsideration of ship owners’ priorities. Uncertainty has been the norm over the p ...
Monday, 08 June 15
API 5 FOB NEWCASTLE COAL SWAPS ADVANCED M-O-M AND W-O-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery increased US$ 0.65 per MT (1.44%) month over month to US$ 45.65 per mt. The ...
Monday, 08 June 15
Q3'15 CFR SOUTH CHINA COAL SWAP ADVANCED 3.51% TO $52.48 PMT THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery rose US$ 1.78 (3.51%) per MT month over month.
A commodity swap is a ...
Sunday, 07 June 15
PANAMAX INDEX ROSE OVER 13% THIS WEEK
COALspot.com: The freight market was up on all segments this past week. The BDI was advanced 3.56% and closed at 610 points. The Cape Index was cli ...
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- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
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- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
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- Directorate Of Revenue Intelligence - India
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- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
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- Petron Corporation, Philippines
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- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
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- Trasteel International SA, Italy
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- Cement Manufacturers Association - India
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- Kideco Jaya Agung - Indonesia
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- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Minerals Council of Australia
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- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
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- Orica Mining Services - Indonesia
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- Electricity Generating Authority of Thailand
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- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
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- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- The University of Queensland
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
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- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
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- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
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- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- GAC Shipping (India) Pvt Ltd
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- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
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- Oldendorff Carriers - Singapore
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- Singapore Mercantile Exchange
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- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
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- Kaltim Prima Coal - Indonesia
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- Jaiprakash Power Ventures ltd
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- Mercator Lines Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
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- Australian Coal Association
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- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
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- London Commodity Brokers - England
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