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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, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY
Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity re ...
Thursday, 25 November 10
JSW ENERGY BUYS CANADIAN COAL FIRM FOR $411 MN - NDTV PROFIT
NDTV Profit reported that, Sajjan Jindal-owned JSW Energy on Wednesday said it has entered into an agreement to buy out British Virgin Islands-based ...
Thursday, 25 November 10
DRY BULK MARKET STILL GOING STRONG THIS WEEK, CAPESIZE SECTOR LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI) gaining a further 0.64% to e ...
Monday, 22 November 10
RUSSIA'S KTK HAS PRODUCED 4.59 MLN TONNES OF COAL IN FIRST 9 MONTHS OR AN INCREASE OF 5% YEAR-ON-YEAR
COALspot.com (Press Release) - KTK has produced 4.59 mln tonnes of coal in first nine months or an increase of 5% year-on-year.
Kuzbasskaya Topli ...
Sunday, 21 November 10
THE FREIGHT MARKET MAY SLIGHTLY FIRM UP NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market continued its down fall with BDI down by 6.83 pct and closed at 2,155 points.
According to Vistaar Shipping of S ...
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- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- PTC India Limited - India
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Planning Commission, India
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
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