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Friday, 05 November 10
RI COAL EXPORT PROSPECTS STILL BRIGHT - THE JAKARTA POST
 The Jakarta Post reported that, Indonesia, already the world’s largest exporter of seaborne thermal coal since 2005, will continue to be a major supplier to the Asian market even though the quality of its coal reserves has declined to sub-bituminous and even liqnite or lower-rank coal, Garibaldi Thohir, the chief executive officer of publicly listed PT Adaro Energy, said here Wednesday.
“First of all, the biggest international market for coal now is Asia, notably China and India, which are practically on our doorstep,” said Thohir who was here to receive several awards for Adaro Energy at the 2010 Platts Top 250 Global Energy Company Rankings on Tuesday evening.
The ninth annual Platts 250 Global Energy Company Rankings measures companies’ financial performance using four key metrics: asset worth, revenues, profits, and return on invested capital. And to be ranked, companies must have assets greater than US$3 billion.
Thohir said the high economic growth in China and India, which made these countries hungry for natural-resource commodities, notably energy, had drastically changed the international coal market.
Asia now accounts for more than 65 percent of global coal consumption.
Platts analyst James 0’Connell quoted The Australian Bureau of Agricultural and Resource Economics (Abare), a government research agency, as saying recently that India, the fastest growing importer of thermal coal, will import almost 70 million tons this year.
“Indian imports will expand to more than 77 million tons next year as 18.8 GW in additional capacity of power generation is expected to be completed next March,” Abare estimated in a report in June.
O’Connell said China, with an annual production already exceeding 3 billion tons, will still import almost 100 million tons this year and 103 million tons next year to fire its huge power generation industry.
Another Indonesian competitive advantage, according to Thohir, is that Indonesia has very low production costs as most of its 95 billion tons of reserves allow for open-cast mining, he added.
Yet most important, he added, “our coals produce very low emissions of sulphur, nitrogen oxides and wastes. The benefits of all this for users is that our coal would reduce the costs of their equipment maintenance and ash disposal”.
Indonesian coal exports are estimated by the coal miners association at about 200 million tons this year, much lower than the original projection due to the unusually heavy rainfalls that have affected mining operations.
Andre Mamuaya, Adaro Director and Corporate Secretary, said Indonesian domestic coal consumption would also increase steadily as the country is expanding the capacity of its coal-fired power generation to reduce dependence on oil.
“The State Electricity Company [PLN] now uses only about 40 million to 42 million tons of coal per year. But this volume could double within the next five years as several new coal-fired power stations come on stream”, Mamuaya added.
The Ministry of Mines and Energy recently revealed the government program to convert diesel-fired power plants with a combined capacity of around 8,000 MW into coal-fired plants.
Most of the additional 10,000 MW new capacity being built under the first crash power program which was launched in 2006 is also based on coal.
Based on the government’s energy plan, the state electricity company (PLN) will generate more than 50 percent of its output with coal.
Source: The Jakarta Post (By:Vincent Lingga)
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Thursday, 18 November 10
MUNDRA PORT AWARDED BEST PRIVATE PORT - COMMODITY ONLINE / HELLENIC SHIPPING
Adani Group owned, Mundra Port has been awarded the Annual Indian Maritime Gateway Award for the Best Private Port of the Year for the third consecu ...
Wednesday, 17 November 10
DRY BULK MARKET LOOKING FOR SUPPORT IN COAL TRADES AND INDIAN IRON ORE EXPORTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Nikos Roussanoglou, Hellenic Shipping reported that, the dry bulk market is lacking support to end its 13-day slide, as evidenced by Monday’s ...
Tuesday, 16 November 10
'VALLAR PLC' TO BECOME 'BUMI PLC' POST DEAL - THE JAKARTA POST
The Jakarta Post reported that, The United Kingdom’s Vallar Plc will change its name to Bumi Plc following a cash and stock transaction with t ...
Tuesday, 16 November 10
ROTHSCHILD BUYS INDONESIAN COAL STAKES FOR $3 BILLION - BLOOMBERG
Bloomberg reported that, Nathaniel Rothschild, the only son of U.K. financier Jacob Rothschild, agreed to invest $3 billion in two Indonesian coal c ...
Sunday, 14 November 10
THE FREIGHT MARKET CONTINUED ITS DOWN FALL - VISTAAR SINGAPORE
COALspot.com: The freight market continued its down fall with BDI down by 7.29 pct and closed at 2,313 points.
All other segments were also under ...
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- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Planning Commission, India
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Posco Energy - South Korea
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Coal and Oil Company - UAE
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- PTC India Limited - India
- Parliament of New Zealand
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
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