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Tuesday, 15 March 11
COAL PRODUCTION FORECAST TO SURGE ON RISING PRICES - THE JAKARTA GLOBE
 The Jakarta Globe reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to rise, according to the Indonesian Coal Mining Association.
Supriatna Suhala, executive director of the association, also known as the APBI, said the country’s coal production may reach 360 million tons this year, 6 percent more than the association’s original target of 340 million tons.
The country’s coal miners produced 300 million tons of coal last year, less than their original target of 320 million tons.
Unseasonably heavy rains generated by the La Nina climate phenomeon were widely blamed for disrupting all areas of mining, including coal and tin, two of Indonesia’s top exports.
“Coal prices keep increasing. This triggers coal miners to boost their production,” Suhala said on Monday. The association’s coal production target differs from that of the government, which set projected coal production at 275 million tons.
As of Friday, coal prices stood at $129.6 per ton, up slightly from the previous week’s price of $129.48 per ton, according to the Australian Newcastle Thermal Coal Index, which serves as a benchmark for Asia.
Suhala said coal prices would remain steady above $120 per ton this year. “As long as the economic condition keeps getting better, coal prices will keep steady at those levels,” he said.
He also said he expected demand for exports to grow, with demand from India and China projected to increase 15 percent as their economies grow at an 8 percent clip.
In light of Japan’s devastating earthquake and tsunami on Friday and the subsequent power shortages, Suhala said coal exports to Japan would increase as five nuclear power plants have been shut down following the disaster. Indonesia exports 45 million tons of coal to Japan annually, making it the top destination for Indonesian coal.
As of the first quarter this year, Suhala said, Indonesian coal miners produced an anticipated 80 million tons of coal, or around 22 percent of the total target of 360 million tons this year.
La Nina is not expected to affect coal production targets this year, he continued. “Weather is no longer a problem this year,” Suhala said.
Berau Coal, one of the country’s biggest coal miners, said coal production in the first quarter should remain on target for 5 million tons, according to Singgih Widagdo, a spokesman for Berau Coal.
“We are expecting to produce 20 million tons for the whole year,” Singgih told reporters on Monday. The company’s production so far is 12.5 percent of last year’s 17.5 million tons, he said.
Indonesia is home to several coal miners, including Bumi Resources, the world leader in thermal coal exports.
Source: The Jakarta Globe (By:Ririn Radiawati Kusuma)
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Wednesday, 06 April 11
FORBES & MANHATTAN COAL ANNOUNCES SIGNIFICANT OFF TAKE AGREEMENT
Steady Cash Flow Will Fund Production Ramp Up
Forbes & Manhattan Coal Corp., ("Forbes Coal" or the "Company") is a produc ...
Tuesday, 05 April 11
DRY BULK MARKET DOWN ON FIRST DAY OF SECOND QUARTER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market began the second quarter on a downward pattern, with the industry’s benchmark, the Baltic Dry Index (BDI) shedding 1.45 pe ...
Monday, 04 April 11
INDONESIA INTERNATIONAL CONFERENCE FOCUS ON INDONESIA'S ECONOMY (IICFIE) 2011 MASTER PLAN TO ACCELERATE THE ECONOMIC DEVELOPMENT
Press Release - Since couple of years, Indonesia's economy show impressive growth. What is the Indonesia's Economic Corridor and the Master plan t ...
Saturday, 02 April 11
TNPL CALLS FOR 160KT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure another 160,000 MT +/- 5 percent of Non-Coking imported C ...
Saturday, 02 April 11
THE FREIGHT MARKETS LIKELY TO BE SOFT NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week affecting all sectors with BDI down by 65 points (down by 4.10 pct) and closed at 1,520 points. ...
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- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- The University of Queensland
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
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