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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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Wednesday, 16 November 11
TAX OFFICE VOWS TO CRACK DOWN ON COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry’s Directorate General of Taxation says that it will strengthen its supervision of coal mi ...
Wednesday, 16 November 11
A STRONG WEEK FOR THE CAPES - BRS
A sharp bounce by the Cape market pushed the BDI up by 3% last week. This was despite a softening in the other indices with the Panamax, Supramax an ...
Monday, 14 November 11
BORL SEEKS 660K MT OF LOW SULPHUR COAL
COALspot.com - BORL India has issued a tender for around 660,000 MT of 4500 - 5500 kcal/kg sub-bituminous Coal.
Bharat Oman Refineries Ltd ...
Sunday, 13 November 11
BUNKER PRICES REMAINED FIRM
COALspot.com - The market seemed to recover this week with the BDI and Cape Index up.
The BDI was up by only about 2.86 pct closing at 1835 point ...
Saturday, 12 November 11
COALINDO ENERGY LAUNCHED INDEX FOR 3400 GAR COAL
COALspot.com - PT Coalindo Energy, in cooperation with Argus Media Limited, launched the coal index for low-rank coal with a calorific value of 3,40 ...
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- Mintek Dendrill Indonesia
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- Ceylon Electricity Board - Sri Lanka
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- McConnell Dowell - Australia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
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- Planning Commission, India
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- IEA Clean Coal Centre - UK
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- Chamber of Mines of South Africa
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- Ministry of Transport, Egypt
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- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
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- Orica Mining Services - Indonesia
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- Mjunction Services Limited - India
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- ICICI Bank Limited - India
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- Parry Sugars Refinery, India
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
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- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
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- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
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- Savvy Resources Ltd - HongKong
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- Interocean Group of Companies - India
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- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
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- Trasteel International SA, Italy
- Indonesian Coal Mining Association
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- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
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- Edison Trading Spa - Italy
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- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
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- Electricity Generating Authority of Thailand
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- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
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- Power Finance Corporation Ltd., India
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- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Australian Coal Association
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bangladesh Power Developement Board
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
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- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
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- Indian Oil Corporation Limited
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- Coal and Oil Company - UAE
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- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
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- Standard Chartered Bank - UAE
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- Kaltim Prima Coal - Indonesia
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- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
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