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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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Monday, 28 February 11
COAL INDIA HIKES PRICES BY 12% FOR SELECT CONSUMERS - ECONOMIC TIMES
Economic Times reported that, Coal India has raised prices by an average 12% for some of its consumers from Sunday, boosting its revenue by 6,000 cr ...
Saturday, 26 February 11
CIL TO HIKE COAL PRICES BY 15 PC FROM TONIGHT - THE TIMES OF INDIA
The Times of India reported that, an Indian State-run coal producer, Coal India will raise the price of coal on an average by about 15 per cent with ...
Saturday, 26 February 11
SUPRAMAX INDEX WAS UP ABOUT 10 PERCENT THIS WEEK - VISTAAR
COALspot.com - The market started on a weak note and seemed to have lost the momentum seen the previous week. The main sectors affected were Cape an ...
Saturday, 26 February 11
PEABODY ENERGY ENTERS INTO COAL SOURCING AGREEMENT ACCESSING INDONESIAN COAL FOR EXPORT
Peabody Energy today said it has entered into an agreement with Indonesia's PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asi ...
Thursday, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...
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- Indika Energy - Indonesia
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Parliament of New Zealand
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- White Energy Company Limited
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
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