We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 19 September 11
CHINA IMPORTS MORE THAN 10 MMT INDO COAL IN AUGUST 2011
 COALspot.com - Indonesian coal exports dropped 1.642 million tons in August compared to July exports. Indonesia exports 29.662 million tons of coal in August, a 5.24 percent drop compared to its July exports.
India
Indian buyers have reduced Indonesian coal imports in August 2011 to 5.758 million tons from 6.482 million tons m-o-m.
China
Chinese buyers were returned back to Indonesia after silent about almost first three months of this year but now importing huge quantity of coal since April. Chinese buyers have brought 10.353 million tons of coal in August 2011. Chinese buyers are still aggressive toward conclude the deals from Indonesia for prompt loading as well as October - December loading.
As winter is approaching in China, the demand for power is expected to increases thereby the movement in coal may be witnessed resulting in higher consumption. “Chinese buyers are willing to pay an additional 2 -3 US$ dollars compared to last week”, said a coal miner who is used to export majority of his production to China.
54.31 percent of total coal exports from Indonesia in August goes to fuel hungry countries such as India and China.
HBA
Indonesian government has already successfully implemented monthly coal reference price for its coal. The regulation is expected to be (fully) implemented by 22nd of this month.
"The regulation is likely to increase the price of coal, mainly for all Indian Power Projects using imported coal from Indonesia", Sunil K Kumbhat, an analyst from India commented. Coal producers of Indonesia were asked to comply with the government declared coal price reference price prior to concluding any coal sales agreement with its buyers.
Ministry of Energy and Mineral Resources of Indonesia has set the September 2011 Indonesian Coal Reference Price (HBA) for thermal coal at US$ 116.26 per ton, which is slightly lesser than August 2011 price.
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur (arb) 0.8%, Ash Content (arb) 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 30 September 2011.
DMO
Indonesian government has increased the domestic market obligation (DMO) allocation to 82.07 million tons of coal for 2012, which is 4 percent higher than 2011 allocations.
The country is planning to produce 332 million tons of coal in 2012, according to the ministerial decree signed on 25 August 2011. Indonesian coal market stakeholders are in opined that, the prices and demands are expected to move stronger in coming months.
Coal Export Ban
In the meantime, Ministry of Energy and Mineral Resources of Indonesia also drafting a law that may ban coal export if calorific value of coal below 5700 kcal/kg on air dried basis by 2014. If the coal producers do not increase the heating energy above 5700 kcal/kg, it will be banned for export market.
However market reaction was against the proposed ban as Indonesian coal mining association disagrees over this. "We oppose it and plead for its postponement,” ICMA’s Executive Director Suhala Supriatna said to press last month.
"If the regulation is implemented, then the impact will be tremendous, because there are more than 150 million tons of coal low calorific value coal that cannot be exported," commented by Chairman of ICMA.
"If the new definition of low grade coal is applied (<5700 kcal/kg adb), it may be reasonable to believe that such a ban may have impact on the Indian power sector as volumes in this grade of coal are expected to rise in the proportion of coal exports to India. Several of the acquisitions made by Indian power generation companies in Indonesia have been in coal blocks that will produce coal of this grade, and a blanket ban on the exports can jeopardize power plant development in India," said Dipesh Dipu, Director of Deloitte Touche Tohmatsu India Pvt. Ltd.
Indonesian coal is being used by consumers around the world. Hence, any new regulations, restrictions, bans will disturb Indo coal consumers and their sourcing plans.
According to market information, Tamil Nadu Newsprint and Papers Ltd. an Indian paper manufacture has recently concluded a contract to buy 160,000 MT of 6000 GAD and 15% TM Indonesian non-coking coal at USD 90.40. The deal was concluded through electronic bidding and delivery of the cargo would be on a delivered basis.
Indian large scales corporate are aggressively investing in coal mines and infrastructure in Australia. Last week, GVK group, India’s leading infrastructure developer, confirmed arrangements for the acquisition of a strategic part of large, high quality coal resource and infrastructure development project in Queensland for US$ 1.26 billion.(cs)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 24 October 11
CAPESIZE RENTAL RATES RISE FOR THIRD DAY AS MORE SHIPS HIRED - HELLENIC SHIPPING
Rates to hire capesize vessels advanced for a third day on signs of increased demand to transport iron ore, used to make steel.Daily rates for the s ...
Sunday, 23 October 11
CHINA LOOKING TO RESELL INDONESIAN COAL CARGOES - BARCLAYS
Commodity Online reported that, Anecdotal evidence has suggested that China is even looking to resell Indonesian cargoes back into the seaborne coal ...
Saturday, 22 October 11
THE SHORT-PERIOD RATES FOR PANAMAX REMAINED FIRM - CAPT. REDDY
COALspot.com - "The market seemed to slow down a bit this week, and all sectors were down by about One to five percent", said Capt. Reddy, ...
Saturday, 22 October 11
WILL THE PROPOSED 26 PERCENT PROFIT SHARING CLAUSE IN THE MINING BILL SPEED UP THE PRODUCTION OR SCARE AWAY INVESTORS? - DIPESH DIPU
A draft law has been approved by a ministerial panel headed by Finance Minister Pranab Mukherjee of India which, if passed by the Cabinet, will make ...
Saturday, 22 October 11
INDONESIA'S GOLDEN ENERGY SLASHES ITS IPO PRICE - THE JAKARTA GLOBE
The Jakarta Globe reported that, Golden Energy Mines, a coal mining company affiliated with Sinar Mas Group, lowered its target in an initial public ...
|
|
|
Showing 5016 to 5020 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Bhatia International Limited - India
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Marubeni Corporation - India
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
|
| |
| |
|
