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Wednesday, 24 November 10
COAL PRODUCTION PREDICTED TO CLIMB IN SUNNIER 2011 - THE JAKARTA GLOBE
 The Jakarta Globe reported that, Indonesia’s coal producers are expected to increase output by 13 percent in 2011, thanks to predicted better weather. An extended rainy season this year saw coal production reach 300 million tons, below target.
The Indonesian Coal Mining Association (APBI) had earlier targeted coal production to hit 320 million tons this year. With better weather, coal production should reach 340 million tons in 2011, a 4.1 percent increase over the government’s estimate.
Higher coal production coupled with near record-high prices will translate into better earnings for coal companies in 2011, according to market analysts.
The country’s second-largest coal company, Adaro Energy, aims to produce 48 million tons next year, an increase of just 0.6 percent from this year.
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Through September this year, Adaro recorded a profit of $1.98 billion, an increase of 6 percent over the same period last year.
Bumi Resources, the country’s largest coal producer, is on the other hand looking at boosting production by 10 percent from its current level of 61 million tons.
Bumi accounts for 23 percent of the country’s total production.
Without quoting figures, Dileep Srivastava, head of investor relations at Bumi, said the company hoped for higher gross sales revenue in 2011 and that the company would exceed the $4.2 billion it recorded this year.
Coal prices are expected to average between $80 and $90 next year, up from $70 this year.
He said with growing demand from India and China, Bumi would expand its market to these countries.
“According to the International Energy Agency, the world’s coal consumption will grow 2.6 percent per annum. China and India will grow faster for their needs,” Srivastava said.
China is expected to consume 50 million tons of coal in 2011 and 60 million tons in 2015. India’s thermal coal demand is forecast to be 63 million tons in 2011 and 108 million in 2015.
Both countries are expected to increase their imports of coal from Indonesia as neither is currently able to satisfy demand from domestic production.
While this spells good news for Indonesian coal producers, they are still required to sell 24.1 percent of their production locally, primarily to state-owned power utility Perusahaan Listrik Negara.
Local coal consumption, however is expected to rise significantly as the government’s 10,000 megawatt power plant project gathers steam.
Indonesia’s coal companies have also been hotly sought after by global investors.
Last week, global financier Nathaniel Rothschild paid $3 billion for stakes in two of the country’s largest coal mining companies.
Rothschild bought a 25 percent stake in Bumi Resources and a 75 percent stake in Berau Coal, the fifth-largest coal producer in the country through its London-listed Vallar.
The move took industry experts by surprise as it will allow the powerful Bakrie Group, the parent company of Bumi Resources, to become the largest combined shareholder in Vallar, which will be renamed Bumi.
The deal also reflected the global nature of the coal industry and the worldwide hunt for coal assets.
The deal looks to be a masterstroke given the upward trend for coal prices and the high expected returns the investment should bear.
The deal will also bring together Bumi Resources and Berau Coal’s production, which is estimated to reach as much as 140 million tons a year by 2013.
The combined company will be the largest thermal coal supplier to China.
Source: The Jakarta Globe
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Monday, 13 December 10
ICE FUTURES EUROPE TO LAUNCH IHS MCCLOSKEY INDONESIAN SUB-BITUMINOUS FOB MARKER COAL CONTRACTS - MONDOVISIONE
Mondovisione reported that, IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over ...
Monday, 13 December 10
NALCO TO START WORK ON RS 18K CR ($ 4,010,695,091) INDONESIAN PROJECT BY JUNE - MSN
MSN reported that, State-owned NALCO today said it has selected UAE-based RAK Minerals as JV partner for its Rs 18,000 crore (US$ 4,010,695,091 ...
Monday, 13 December 10
DEUTSCHE BANK RAISES COAL FORECASTS ON MARKET SHORTAGE - BLOOMBERG
Deutsche Bank AG raised price forecasts for thermal coal by as much as 17 percent on expectations that a shortage of the fuel will widen over the ne ...
Monday, 13 December 10
K SERA SERA TO SPEND RS325CR TO BUY COAL,OIL & GAS FIRMS STAKE - LIVE MINT
The company might have to dole out around Rs 225 crore (US$ 50,122,522) for picking up the majority stake in the coal mine in Indonesia and around R ...
Thursday, 09 December 10
OVERSUPPLY OF SHIPS BOUND TO KEEP DRY BULK FREIGHT RATES SUBDUED DURING 2011 SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
An oversupply of vessels is expected to keep freight rates from flying as high as in recent years said a relative shipping report from BIMCO’s ...
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- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Australian Coal Association
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- PTC India Limited - India
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
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