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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 Pacific Coal Outlook Conference 2010, which was held in the island of Bali during 1 - 2 December 2010. Mr. Jeffry, the president director of Bhakti Energi Persada further said, Low rank coal of Indonesia was already attracting end-users from China and India.
Bhakti began producing low rank coal from its mine in Muara Wahau region, East Kalimantan since 2009. 2010 productions have reached to 0.7 mln tons and around 1.5 million tons will be produced by next year. Bhakti Energi's coal deposit is one of the largest compare to other coal mines in Indonesia. According to Jeffry Mulyono, Bhakti has coal reserves of 5.7 billion tonnes, and it will last for several decades. MEC, a Dubai based energy company is also having the coal concession in Muara wahau region and claimed the coal deposit is more than 1 billion tons. MEC in the process to build railway lines to transport the coal to its coal terminal which is also in plan to build to load panamax to cape size vessels.
Jeffry told during his presentation, the company also studying coal drying or CUB to upgrade part of its production. According to him a unit of UCB plant can upgrade about 1 million tons of coal per annum. Part of upgraded coal also could be blended with non upgraded coal to fulfill buyer's requirements.
The cost of upgrading coal of Bhakti is estimated at $ 9 per ton, excluding capital expenditure, Jeffry replied for a question from the floor. Indonesian government may provide additional incentives for low rank coal producers, and it may allow miners to sell low-rank coal below Indonesian coal price reference. Other miners are required to sell their coal higher or equal to government declared coal price reference.
Government has declared US$ 23.60 per MT for 2,995 GAR coal in November. Meantime, Government has fixed US$ 102.86 for 7000 GAR coal for the same month. Indonesian coal price for November was US$ 95.51 per MT basis 6,322 GAR .
The reference price for December is expected to increase, as the international indices which were used to calculate Indonesian coal price reference are seeming to be high during November compared to end of October 2010.(cs)
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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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- Bhushan Steel Limited - India
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- Romanian Commodities Exchange
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- Ministry of Mines - Canada
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- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
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- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
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- CIMB Investment Bank - Malaysia
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- Tata Chemicals Ltd - India
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- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
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- Eastern Coal Council - USA
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- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- VISA Power Limited - India
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- Coalindo Energy - Indonesia
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- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
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- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
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- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
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- Marubeni Corporation - India
- The University of Queensland
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- Kaltim Prima Coal - Indonesia
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- GAC Shipping (India) Pvt Ltd
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- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
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- Thiess Contractors Indonesia
- Australian Coal Association
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- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
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- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
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- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
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- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
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- Siam City Cement - Thailand
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- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
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- London Commodity Brokers - England
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- Edison Trading Spa - Italy
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