We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
Share your
coal and shipping news
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 03 December 10
INDONESIAN LOW RANK COAL IS ATTRACTING COAL BUYERS FROM INDIA AND CHINA
COALspot.com - Bhakti Energi Persada has sold out its whole coal production until the end of 2011, Jeffry Mulyono said during McCloskey Asia P ...
Thursday, 02 December 10
INDIA'S COAL SHORTAGE TO DEEPEN NEXT YEAR - MONEY CONTROL
Money Control reported that, India's coal deficit will deepen sharply next year, its coal minister said on Tuesday, forcing Asia's third largest e ...
Thursday, 02 December 10
CIL INCHES CLOSER TO PEABODY STAKE DEAL - THE TELEGRAPH INDIA
The Telegraph India reported that, state-run Coal India Ltd (CIL) hopes to complete negotiations to buy over 10 per cent in Australian miner Peabody ...
Thursday, 02 December 10
DRY BULK MARKET WEIGHED DOWN BY CAPESIZE BLUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The negative sentiment currently undergoing in the capesize market has kept the dry bulk market’s benchmark, the Baltic Dry Index (BDI) on the ...
Monday, 29 November 10
NUCLEAR SUPERTANKERS TO SHAKE UP SHIPPING - THIS IS MONEY
This is money reported that, plans are under way that could see nuclear-powered supertankers sailing the world’s shipping lanes, refuelling on ...
|
|
|
Showing 5506 to 5510 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Economic Council, Georgia
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
|
| |
| |
|
