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Friday, 29 May 09
INDONESIA PLANS "CLEARING HOUSE" FOR COAL - ALIBABA
 Alibaba reported that, Indonesia, the world's biggest thermal coal exporter, plans to set up an agency similar to a clearing house to trade stocks of coal that firms are obliged to set aside for domestic use, the energy minister said on Friday.
The agency is intended to help secure sufficient supplies for local users and strengthen existing regulations.
All coal producers in Indonesia are required to supply coal to the domestic market under their contract of works, but some avoid having to do so because the quality of coal they produce is unsuitable for the local market. So they sell that coal, which is usually of a high calorific value, to overseas buyers instead.
The new trading agency would collect coal from all producers and help to sell any coal that is unsuitable for domestic use, Minister Purnomo Yusgiantoro said in an interview.
"Some coal quality may not fit...specifications of domestic users and you have to blend the coal to meet the specification," Yusgiantoro said.
"So what can you do? Send it to the agency and then it is up to them to sell it," he said, adding the agency could be set up as a state-owned enterprise.
The government is in the process of drafting new government regulations on domestic supply obligations.
The energy ministry has said that the government would fix the minimum amount of coal that producers must supply to the domestic market every year based on estimated demand from the state power firm and local coal users such as cement firms.
Indonesia is expected to consume 68.3 million tonnes of coal in 2009, or about 30 percent of output, up from 46 million tonnes last year.
The requirement will apply to all coal producers, both producers that hold contracts of work -- including Bumi Resources Tbk and Adaro Energy, the country's two biggest producers -- as well as small producers that have a different mining licence.
Yusgiantoro said that companies would not be forced to adjust long-term coal contracts under a new pricing policy.
"They have signed the contract. If they agree (to change it), it's fine with us. But if not, we cannot ask them to change it," he said. "We have to respect the contract. I think with this system we can have more revenue."
Jakarta has said it planned to introduce a new benchmark index to reset prices and squeeze more from royalties linked to coal sales as it wants to include coal revenue in the state budget along with oil and gas.
But the plan has raised concern among producers who have signed long-term contracts with buyers.
In December last year, Adaro declared force majeure on coal deliveries to three customers after failing to reach a new price agreement stipulated under government rules.
The new price index will combine the Indonesian Coal-price Index (ICI) managed in partnership with London-based Argus Media Ltd, international coal price indexes, and average prices in spot trade in previous months.
Prices for long-term contracts would be based on the average price of the index over three months and adjusted annually, said Bambang Setiawan, director general of mineral, coal and geothermal at the ministry, in a separate interview on Friday.
"So producers can have long-term trade, say for five years. But the prices would still have to be adjusted every year," Setiawan said.
Indonesia expects coal production to reach 230 million tonnes this year, unchanged from last year. Australian thermal coal prices, a benchmark for Asia, have fallen from a record of $201 a tonne in July last year to $66.62 a tonne late on Thursday.
Source:http://news.alibaba.com/article/detail/energy/100110567-1-interview-update-1-indonesia-plans-%2522clearing-house%2522.html
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Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...
Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...
Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 pe ...
Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...
Tuesday, 12 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
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- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- The University of Queensland
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Planning Commission, India
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
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