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Thursday, 14 May 09
INDONESIA 2009 COAL OUTPUT REVISED DOWN - REUTERS
 * Indonesia coal output seen at 240 million tonnes in 2009
* Coal exports down 11.2 pct to 44.79 mln tonnes in Q1 2009
* Production down 1.4 pct to 58.074 mln tonnes in Q1 2009
* Coal prices seen between $65-$70 until year end
Indonesia's coal output this year may be about 9 percent lower than initially expected due to the global crisis, a top industry official said on Thursday, although Chinese and Indian demand should lift exports in the second half.
Indonesia, the world's top thermal coal exporter, is expected to produce about 240 million tonnes of coal this year, slightly up from 238 million tonnes last year, but down on a forecast of 265 million tonnes early this year, said Bob Kamandanu, head of the Indonesia Coal Association.
Coal production in the first quarter fell 1.39 percent to 58.07 million tonnes, compared to 58.90 million tonnes in the same period of 2008.
"There were no cancellation from buyers, but they reduced the shipment volumes," Kamandanu, the association's newly-elected chairman, said in an interview.
"With the situation, production is most likely to hit 240 million tonnes. If demand improves in the second half, it could be much higher but it will not reach 265 million," he said.
Indonesia exported 44.79 million tonnes of coal in the first quarter, down 11.2 percent from 50.49 million tonnes in the January-March period last year, Kamandanu said.
Coal is the cheapest source of thermal energy used in the industrial sector, with the cement and steel industry among the largest buyers.
But demand has stuttered as the downturn has forced factories from Europe to China to halt production as exports slump.
However, Indonesia's overall coal exports for 2009 should still top the 206 million tonnes shipped in 2008 as coal demand was expected to recover in the second half helped by Chinese and Indian demand, Kamandanu said.
"We see demand from China is picking up and there's more demand from India. I see there will be improvement in the second semester," he said.
Asian coal prices have recovered from a near 6-month low of $58 a tonne in February to hover above $60 in the past two months aided by Chinese demand for coal from Australia and Indonesia.
India's demand for coal is growing by around 8-9 percent a year, outpacing production that is growing by 6 percent as the power sector has not been hit by the credit crunch.
Kamandanu said coal prices were likely to hover between $65-$70 until the end of the year.
"I don't think there will be a significant jump in prices like last year. Players learned a lesson from last year," he said.
Coal prices have fallen from a record peak of $201 a tonne hit in July last year. Thermal coal prices at the globalCOAL Newcastle weekly index stood at $63.46 a tonne late Wednesday.
Despite lower exports in the first quarter, domestic coal demand jumped nearly 60 percent to 13.28 million tonnes, from 8.39 million tonnes in the same period as many domestic users had locked in contracts early this year.
"Last year, their stockpiles were nearly empty because rains disrupted production and shipments. So this year, they lock in contracts earlier to avoid that problem," he said.
The association said it planned, by targeting smaller firms, to expand its membership to 100 coal firms from 54 now to boost marketing of Indonesian coal.
Source: http://money.ninemsn.com.au/article.aspx?id=813959
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Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd.
In the ...
Friday, 29 May 09
INDONESIA PLANS "CLEARING HOUSE" FOR COAL - ALIBABA
Alibaba reported that, Indonesia, the world's biggest thermal coal exporter, plans to set up an agency similar to a clearing house to trade stocks ...
Friday, 29 May 09
INDIKA EYES MORE ACQUISITIONS - THE JAKARTA POST
Having nearly completed the acquisition of engineering and mining company PT Petrosea, energy company PT Indika Energy is preparing for more acquisi ...
Friday, 29 May 09
PTBA PAYS DIVIDENDS OF RP 371.5 A SHARE - THE JAKARTA POST
The annual shareholders' meeting of state-controlled coal producer PT Tambang Batubara Bukit Asam (PTBA) approved on Thursday the allocation of 50 ...
Thursday, 28 May 09
INDIANS CHOOSE SOUTH AFRICA COAL OVER INDONESIAN - MINEWEB (REUTERS)
South African cargoes are about $4 a tonne cheaper than Indonesian coal, as a result India now prefers South Africa .
Indian imports of South Afr ...
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- Sakthi Sugars Limited - India
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- Eastern Coal Council - USA
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- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
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- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
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- Mercuria Energy - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
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- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
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- Bhatia International Limited - India
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- Independent Power Producers Association of India
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- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Economic Council, Georgia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
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- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Minerals Council of Australia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Indogreen Group - Indonesia
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- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
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- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
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- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Xindia Steels Limited - India
- White Energy Company Limited
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- The University of Queensland
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- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
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