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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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Saturday, 09 October 10
SAIL SEEKS LONG-TERM COKING COAL SUPPLY FROM GLOBAL COMPANIES - BUSINESS STANDARD
State-owned Steel Authority of India (SAIL) Friday invited bids from global companies for long-term supply of coking coal to feed its expanding stee ...
Friday, 08 October 10
INVESTORS STILL RELUCTANT TO ENTER DOWNSTREAM INDUSTRIES - THE JAKARTA POST
The Jakarta Post reported that, mining companies are showing a low level of enthusiasm to enter the downstream industries, as required by the 2009 M ...
Friday, 08 October 10
VESSEL OWNERS ARE RELUCTANT FOR INDONESIA TO INDIA COAL TRIPS - FEARNBULK
Handy
Last week ended with a flourish of activity as the Chinese tried to fix any prompt vessels before the Golden week festivities, and since the ...
Thursday, 07 October 10
MIRACH ENERGY GAINS RIGHTS TO EAST KALIMANTAN COAL MINE - THE EDGE SINGAPORE
The Edge Singapore reported that, Mirach Energy says it has gained the rights to produce and sell coal in an open-pit coal mine in Samarinda, the ca ...
Tuesday, 05 October 10
EWP SEEKING VIETNAMS ANTHRACITE COAL
COALspot.com: South Korea’s EWP is seeking Min 200,000MT of Vietnam coal with plus or minus 30,000MT at EWP’s (Korea East West Power Co ...
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- Larsen & Toubro Limited - India
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- Global Business Power Corporation, Philippines
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- Australian Coal Association
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- PTC India Limited - India
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- IEA Clean Coal Centre - UK
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- Heidelberg Cement - Germany
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- Chamber of Mines of South Africa
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- Australian Commodity Traders Exchange
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- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
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- SMC Global Power, Philippines
- Sical Logistics Limited - India
- White Energy Company Limited
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- Malabar Cements Ltd - India
- Eastern Coal Council - USA
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- VISA Power Limited - India
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- Goldman Sachs - Singapore
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- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
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- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- ASAPP Information Group - India
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
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- Latin American Coal - Colombia
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- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
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- Tata Chemicals Ltd - India
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- Kohat Cement Company Ltd. - Pakistan
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- CNBM International Corporation - China
- Planning Commission, India
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- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
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- The Treasury - Australian Government
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- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
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- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
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- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
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- Romanian Commodities Exchange
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
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- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
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- Vedanta Resources Plc - India
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- Kideco Jaya Agung - Indonesia
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- Merrill Lynch Commodities Europe
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- Alfred C Toepfer International GmbH - Germany
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- Commonwealth Bank - Australia
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
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- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
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- Petron Corporation, Philippines
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- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
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