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Thursday, 21 July 11
COAL PRICES ARE AT US$ 120 A TONNE
COALspot.com - Indonesian coal production in 2011 is expected to reach 360 million tons or 5.8 percent higher than government's forecasts. The increase in production was driven by the higher price trend and the higher demand triggered producers ramped up production.
Executive Director of Indonesian Coal Mining Association Suhala Supriatna said, the realization of coal production this year expected to exceed the government's forecasts of 340 million tons. "Production in 2011 will be higher than the target, and may reach at least 340 million to 360 million tonnes," he explained.
He also said that, the production increase was driven by a higher price for Indonesian coal and higher demand. After the accident at a nuclear power plant (NPP) in Japan, coal demand continues to rising. In fact, in the next 20 years, coal will play major roll to replace nuclear energy in Asian countries.
This year's coal price for coal with calorific value 6300-6500 have reached around US$ 120 per ton. This figure is much higher than last year's price of US$ $ 90/ton. " Due to higher price and demand, most of coal producers are planning to increase their production," he added.
Indonesian has already produced about 170 million tons of coal till end June 2011.
To contact the reporter on this story: Efendi at efendi@coalspot.com
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Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
Wednesday, 25 May 11
DRY BULK MARKET ENTERS WEEK ON A HIGH NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has managed to end its downward trend of the past few weeks and surge back on higher ground. Yesterday, the Baltic Dry Index (BD ...
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- Sical Logistics Limited - India
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- The University of Queensland
- Indian Energy Exchange, India
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- Toyota Tsusho Corporation, Japan
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- Australian Commodity Traders Exchange
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- Africa Commodities Group - South Africa
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- Indian Oil Corporation Limited
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- Economic Council, Georgia
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- Ambuja Cements Ltd - India
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- MS Steel International - UAE
- New Zealand Coal & Carbon
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- Directorate General of MIneral and Coal - Indonesia
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- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
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- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
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- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
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- Electricity Authority, New Zealand
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- Binh Thuan Hamico - Vietnam
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- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
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- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
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- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
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- Power Finance Corporation Ltd., India
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- Minerals Council of Australia
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- Planning Commission, India
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- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
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- Sakthi Sugars Limited - India
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- Karaikal Port Pvt Ltd - India
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- Trasteel International SA, Italy
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