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Saturday, 01 January 11
COAL PRODUCTION EXPECTED TO EXCEED 340 MILLION TONS THIS YEAR - THE JAKARTA POST


The Jakarta Post reported that, Indonesian coal miners expect to produce 340 million tons of coal in 2011, an increase of 23 percent from 275 million tons last year, to catch up with the growing demand at domestic and international markets.

Indonesian Coal Mining Association (APBI) executive director Supriatna Suhala said almost all coal miners in the country had expressed their commitments to expanding their production in 2011.

“As the global economy recovers, we expect to see growing demand for coal both at domestic and international markets next year [2011],” he told The Jakarta Post over the weekend.

Of the planned 340 million tons of coal produced in 2011, the association estimates 20 percent of them – around 70 million tons – will be allocated to fulfill domestic market demand, while the remaining 80 percent will be exported.

“We predict that we’ll see soaring demand for coal in emerging market economies in 2011, particularly to supply their energy sectors,” Supriatna said, adding that Japan, India, China and South Korea would remain the largest importers of Indonesia’s coal.
Source: The Jakarta Post



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Recent News

Friday, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...


Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...


Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...


Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...


Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...


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