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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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- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- White Energy Company Limited
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- MS Steel International - UAE
- Coal and Oil Company - UAE
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