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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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Friday, 29 October 10
CHINA'S COAL DEMAND DRIVES DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is posting marginal, yet steady growth this week, with the Baltic Dry Index rising yesterday to 2784 points, up by 0.2%. Both th ...
Wednesday, 27 October 10
TNPL TO AWARD 240,000 MT COAL SUPPLY CONTRACT TO COAL & OIL
COALspot.com: Tamil Nadu Newsprint Papers Limited, Tamil Nadu state owned Newsprint and Printing & Writing Paper producer has opened a coal purc ...
Wednesday, 27 October 10
CHINA AIDS RUSSIA IN DEVELOPING COAL RESOURCES - PEOPLE'S DAILY
People's Daily reported that, Russia will use 6 billion U.S. dollars in loans provided by China to develop coal resources in Sakhalin Island, Elege ...
Wednesday, 27 October 10
MAIDEN COAL SHIPMENTS TO NOBLE RESOURCES - PAN ASIA AUSTRALIA
Press Release :
First Coal Shipments made from Nadvara Coal Project, East Kalimantan
51,616 tonnes delivered from October production &ndas ...
Tuesday, 26 October 10
INDONESIA SHIPPED 5.32 PERCENT LESS COAL IN SEPTEMBER 10
COALspot.com: Indonesia, the world largest coal exporter, shipped 21,661,817 MT of coal in September 2010, which is 5.32 percent lesser than Au ...
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- New Zealand Coal & Carbon
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- Energy Development Corp, Philippines
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- Global Coal Blending Company Limited - Australia
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- Goldman Sachs - Singapore
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- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
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- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
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- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
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- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
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- The State Trading Corporation of India Ltd
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- Straits Asia Resources Limited - Singapore
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- Karaikal Port Pvt Ltd - India
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- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
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- Thai Mozambique Logistica
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
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- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- CNBM International Corporation - China
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- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
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- Videocon Industries ltd - India
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- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
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- International Coal Ventures Pvt Ltd - India
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- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
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- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
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- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
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- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
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- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Directorate General of MIneral and Coal - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
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- Pipit Mutiara Jaya. PT, Indonesia
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- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
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