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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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Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
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Tuesday, 14 September 10
HIGH CHARTERING ACTIVITY NEEDS TO KEEP UP FOR DRY BULK RATES TO REMAIN HIGH
Last week’s increase of spot chartering activity pushed dry bulk freight rates to new highs, after a less than lackluster summer. As a result, ...
Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 ...
Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet ...
Monday, 13 September 10
CIL IN TALKS WITH SHIPPING CORP TO FORM JV FOR COAL IMPORTS
Shipping Corporation of India, the largest domestic shipping liner, may form a joint venture with Coal India for coal imports, a top company officia ...
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- TNB Fuel Sdn Bhd - Malaysia
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- Central Java Power - Indonesia
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- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
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- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
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- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
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- Ministry of Mines - Canada
- SMC Global Power, Philippines
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- Parliament of New Zealand
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Minerals Council of Australia
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- Bhatia International Limited - India
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- The Treasury - Australian Government
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- Ministry of Finance - Indonesia
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- Heidelberg Cement - Germany
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- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Australian Coal Association
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- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
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- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
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- Aditya Birla Group - India
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