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Wednesday, 12 October 11
INDONESIAS COAL RUSH - JOSEPH KIRSCHKE
 COALspot.com - Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port of Qinhuangdao, the shipping point for more than half the country’s coal, in northeast China. Their collective mission: to help load and supply imported coal to avert massive power outages.
Amid a summer heat wave, China, which relies on half the world’s coal supply for 70 percent of its energy, is again in bad shape — even as it simultaneously mines coal and imports it at record levels. The Railway Ministry has deployed trains nationwide as 20 regions have instituted rations to cope with a power deficit far above that of Japan’s after the March tsunami.
All this is a plus for Indonesia, Southeast Asia’s biggest economy, which already exports more coal to China than any other nation. But Beijing’s increasing focus on innovation, economic sustainability and the environment means that thermal coal, or steam coal, will allow coal companies in Indonesia even more profits as China heaves further into the 21st century. Thermal coal is used for power generation, and Indonesia has more of it than any country in the world.
China is now the world’s leading consumer of coal — bringing in some 200 million tons of it at last year — since importing began four years ago, despite having the third-biggest reserves on the planet. But China’s domestic coal market faces serious hardships; each one drives up import demands, all contribute to a long-term drop in production.
Payloads from distant Inner Mongolia and Xinjiang, for example, face ramshackle highways: a 100-kilometer, two-week-long traffic jam filled with coal trucks just outside Beijing last year was nothing if not a reminder. Record mining fatalities — some 80 percent of the world’s total with 3,000 deaths annually — are also prompting authorities to shutter mines by the thousands. At the same time, according to Beijing’s China Coal Research Institute, four-fifths of all Chinese coal fails to meet national industrial standards.
But for a country building a new power plant weekly, with the world’s largest carbon footprint, the environment and energy efficiency are a priority. This is underscored in Beijing’s 12th Five-Year Guideline, a policy mandate dating back to foundation of the People’s Republic in 1949. In it, the Communist Party of China now emphasizes economic and environmental sustainability, including further use of thermal coal — both high-grade and low in sulfur.
This is excellent news for Indonesia. China, in fact, is predicted to more than double thermal coal imports to 200 million tons by 2015, up from 90 million tons this year, as 39 percent of the world’s increase will come from Indonesia. By 2030, global coal production is projected to reach seven billion tons — 5.2 billion of it being steam coal. Thermal coal, thus, is set to outstrip the value of all other Indonesian export commodities — well above other types of coal, minerals and natural gas.
Straddling the “Ring of Fire,” Indonesia is to geothermal power what the Persian Gulf is to oil — with 40 percent of the world’s thermal coal. This is an energy source used by 70 other countries and is considered highly sustainable. Indeed, thermal coal is already considered one of the most prized commodities on the planet.
China’s trend isn’t entirely new. In recognizing its value in reducing acid rain and greenhouse gases while increasing the efficiency of its coal-fired power plants, China has greatly surpassed the United States in its “clean coal” capacities. Developments include the 2008 establishment of a $73 million thermal coal research facility by the Chinese Academy of Sciences and British Petroleum. And Beijing has acquired 41 patents on thermal coal technology in the last 30 years.
Not only the European Union, Washington, too, has partnered with Beijing. It has done so in particular via China’s Thermal Power Research Institute, a leading research organization that has licensed technology to a US clean coal energy initiative. Previously scrapped due to high costs, the project was revived with $1 billion from the Obama administration in 2009.
This demand equals a win-win for Indonesia’s thermal coal companies — and, by extension, Indonesia, thanks to its low-cost work force and shipping industry. In May, President Susilo Bambang Yudhoyono officially announced a $468 billion economic master plan for 2011 to 2025 that some have called “ambitious.”
His wish may have already been granted.
About Joseph Kirschke
Joseph Kirschke is a Jakarta/Beijing-based Communications Consultant and Political Analyst who works with international investors, media and energy and trade companies.
The above article was also published on The Jakarta Globe. Views and opinions / conclusion expressed herein are personal views of the author and not that of COALspot.com.
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Thursday, 22 March 12
ECI-CHINA HANDY RATES ARE AROUND US$ 8000 - FEARNLEYS
Handy
Another positive trend was seen last week with more cargoes entering the market. Skaw-Passero/US Gulf climbed slowly up to USD 3700, while US ...
Thursday, 22 March 12
DRY BULK MARKET KEEPS SURGING, CAPESIZES FALLING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what seems to be an establishing pattern, the dry bulk market has kept its upward momentum, edging closer to the 900 point-mark, but the larger s ...
Wednesday, 21 March 12
BUMA HAS PRODUCED 2.3 MILLION TONS OF COAL IN FEBRUARY 2012
COALspot.com - PT. Delta Dunia Makmur's overburden removal in February 2012 has reached totaled 23.8 million bcm (+2.4% YoY) while coal production ...
Tuesday, 20 March 12
SMALLER DRY BULK VESSELS STILL LEADING DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been growing during the past couple of weeks, but contrary to the usual practice, it’s not the larger Capesizes which ...
Monday, 19 March 12
WEEKLY DRY MARKET OVERVIEW: SMALLER VESSELS LEAD RATES HIGHER - MARIA BERTZELETOU, HELLENIC SHIPPING
The upward trend of the Baltic Dry Index persists strong from the end of February, spurred from the supramax market that offsets the weakness in the ...
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- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
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- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Planning Commission, India
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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