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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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Sunday, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...
Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...
Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy
Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...
Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels no ...
Wednesday, 09 March 11
INDONESIA HAS SET THE MARCH 2011 INDONESIAN COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.43 PER TON
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal c ...
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- Marubeni Corporation - India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
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- GAC Shipping (India) Pvt Ltd
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- White Energy Company Limited
- Anglo American - United Kingdom
- Deloitte Consulting - India
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- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
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- Riau Bara Harum - Indonesia
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- New Zealand Coal & Carbon
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- Electricity Authority, New Zealand
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- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
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- Global Business Power Corporation, Philippines
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- Metalloyd Limited - United Kingdom
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- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
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- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
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- Salva Resources Pvt Ltd - India
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- Therma Luzon, Inc, Philippines
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- Independent Power Producers Association of India
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- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
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- Minerals Council of Australia
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- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Gujarat Electricity Regulatory Commission - India
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- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
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- Rashtriya Ispat Nigam Limited - India
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- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
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- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
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- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
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- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
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- Romanian Commodities Exchange
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- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
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