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Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
 The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies as it tries to meet growing demand from China, a company official said on Friday.
Bob Kamandanu, Berau’s commissioner and the chairman of the Indonesian Coal Mining Association (APBI), said Berau signed a five-year deal with Huaneng Power International and a three-year contract with Zhushui Energy Resource Group. It will sell 1.5 million tons of coal annually to each company, as quoted by paper.
“Coal demand from China is growing significantly, and Chinese companies are mainly looking for long-term contracts,” Kamandanu said on Friday.
Huaneng Power is China’s largest electricity producer, while Zhushui focuses on coal imports.
Indonesia’s coal output is expected to climb this quarter after wet weather in the first quarter saw it drop to 89 million tons. Kamandanu said output should increase to 95 million tons in the second quarter before falling back to 85 million tons in the following two quarters.
The dry season is expected to start in most areas in Indonesia around May or June, offering a timely boost to the country’s agricultural and mineral sectors.
“Higher production would go into the export market, but the weather has been very unpredictable over the past few years so it’s hard to say if there will be enough dry months ahead for miners to be able to ramp up production,” a Singapore-based trader said.
Global coal prices only saw a limited sell-off this week despite a rout in other commodities, and the market’s strength is backed up by producers and traders saying rising output from Indonesia, the world’s top thermal coal exporter, is being soaked up by India and China.
Full-year production is expected to hit 354 million tons, higher than the APBI’s earlier forecast of 340 million tons, which Kamandanu said on Friday was conservative, and follows production of 310 million tons last year. The APBI forecast in April the country’s exports would be between 260 million and 270 million tons in 2011, but traders said the final export numbers could be higher if production reaches 354 million tons.
Kamandanu said Berau planned to spend $100 million to produce 20.5 million tons of coal this year, up 19.8 percent from last year. The coal miner sells most of its output to China and South Korea, with China accounting for 25 percent of its coal sales and South Korea making up 16 percent.
Source: The Jakarta Globe (Ririn Radiawati Kusuma & Reuters )
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Thursday, 05 May 11
AKR NAMES KARUNIA AS COAL CONTRACTOR
Insider Stories reported that, PT AKR Corporindo Tbk has appointed PT Karunia Bumi Khatulistiwa as the contractor of coal mining concession in North ...
Tuesday, 03 May 11
DRY BULK MARKET OUTLOOK SEEN WEAK, AS SHIP OWNERS PILE UP MORE SHIPS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the Baltic Dry Index not trading yesterday, it’s worth taking a step back to see the current freight levels. First of all, capesizes and ...
Tuesday, 03 May 11
THE HANDY MARKET CONTINUED TO SLIDE DOWN - BRS
There were marginal increases in rates for the larger sizes this week, with the Cape index remaining stable and the Panamax index logging a 5% incre ...
Monday, 02 May 11
ADARO POSTS 11.7 PERCENT INCREASE IN REVENUES ON HIGHER PRICES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s second-largest coal producer, PT Adaro Energy Tbk, announced an 11.7 percent increase in net reven ...
Saturday, 30 April 11
BUKIT ASAM PROFIT HAS JUMPS 108 PERCENT IN Q1, 2011
The Indonesian state-controlled coal miner PT Bukit Asam Tbk (PTBA) reported a 108.07 percent jump in net profit during the first three months of 20 ...
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- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
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