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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, 22 May 12
NEW ONE-YEAR TIME CHARTERS FOR TWO VESSELS OF EXCEL MARITIME CARRIERS LTD.
Excel Maritime Carriers Ltd. (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportat ...
Tuesday, 22 May 12
DRY BULK MARKET STEADY, AWAITING FURTHER RISE IN DEMAND WHICH IS DOUBTFUL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Traditionally, the second and third quarters of the year are the strongest for the dry bulk market, but this year, things seem to be quite subdued, ...
Sunday, 20 May 12
SPOT FREIGHT RATE DIPS FURTHER - VISTAAR
COALspot.com - The BDI was marginally up by 3 points (0.26 pct) closing at 1,141 points.
The cape index was up by 1.17 pct closing at 1,633 point ...
Saturday, 19 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP US$ 2.88 PMT W-O-W
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries have drops this week by 3.86 percent and& ...
Saturday, 19 May 12
INDONESIAN EXPORT TAX GIVES COAL MINERS A CHEAP RIDE: ANALYSTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s policy to exclude coal from an export tax that has been applied to 14 other mineral commodities h ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Australian Coal Association
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
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