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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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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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- Eastern Coal Council - USA
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- Trasteel International SA, Italy
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- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
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- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
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- Straits Asia Resources Limited - Singapore
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- ASAPP Information Group - India
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- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
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- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
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- Economic Council, Georgia
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- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
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- Parliament of New Zealand
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- Kideco Jaya Agung - Indonesia
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- Bangladesh Power Developement Board
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- Meralco Power Generation, Philippines
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- Renaissance Capital - South Africa
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- CNBM International Corporation - China
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- Sarangani Energy Corporation, Philippines
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- The University of Queensland
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- Energy Link Ltd, New Zealand
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- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
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- Bahari Cakrawala Sebuku - Indonesia
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- GAC Shipping (India) Pvt Ltd
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