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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 $3 billion for stakes in two of the country’s largest coal mining companies.
Rothschild bought a 25 percent stake in Bumi Resources and a 75 percent stake in Berau Coal, the fifth-largest coal producer in the country through its London-listed Vallar.
The move took industry experts by surprise as it will allow the powerful Bakrie Group, the parent company of Bumi Resources, to become the largest combined shareholder in Vallar, which will be renamed Bumi.
The deal also reflected the global nature of the coal industry and the worldwide hunt for coal assets.
The deal looks to be a masterstroke given the upward trend for coal prices and the high expected returns the investment should bear.
The deal will also bring together Bumi Resources and Berau Coal’s production, which is estimated to reach as much as 140 million tons a year by 2013.
The combined company will be the largest thermal coal supplier to China.
Source: The Jakarta Globe
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Thursday, 09 December 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 103.41 PMT FOR DECEMBER DELIVERY
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Thursday, 09 December 10
DRY BULK MARKET LOOKING FOR DIRECTION THIS WEEK, AS CAPESIZE SHIPS END THEIR MISFORTUNES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk has began the week on a positive note capitalizing on the positive sentiment which finally prevailed during the last days of the previo ...
Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia fo ...
Saturday, 04 December 10
INDONESIA TO INDIA AND CHINA SEA FREIGHT UP BY ABOUT US$ 2.50 PMT - CAPT. REDDY
COALspot.com - The freight market even though remained weak, but towards end of the week the market seemed to firm up.
The BDI was almost at sam ...
Saturday, 04 December 10
OFF WEST COAST OF INDIA TONNAGE IS SEEMINGLY QUITE SPARSE - FEARNBULK
Handy
The Atlantic markets are weak and remained unusually calm after the Thanksgiving ...
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- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- The University of Queensland
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Planning Commission, India
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