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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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Friday, 02 December 11
DRY BULK CARRIERS BACK IN THE SPOTLIGHT AS MARKET SPEEDS UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the tanker and container markets suffering dearly, it seems that the tide has once again turned in favor of the dry bulk carriers, despite over ...
Thursday, 01 December 11
DRY BULK MARKET RISES TO NEW HEIGHTS ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on rising this week, with the industry’s benchmark, the Baltic Dry Index (BDI) climbing to 1,846 points on Wednes ...
Tuesday, 29 November 11
SOUTH AFRICAN COAL INTO CHINA, THE ACTIVITY WAS SLOW - BRS
Capesize
The Capesize market in Atlantic stayed pretty firm last week with transatlantic rounds being fixed in the high twenties. Sentiment was les ...
Tuesday, 29 November 11
GOLDEN GATE BRIDGE OF INDONESIA COLLAPSED AT KUKAR, EAST KALIMANTAN
COALspot.com - A suspension bridge in Indonesia’s east Kalimantan province over the Mahakam river collapsed on Saturday, killing at least elev ...
Tuesday, 29 November 11
BUKIT ASAM SCOUTS RP3 TRILLION PROFIT - INSIDER STORIES
The state-controlled coal miner PT Bukit Asam Tbk (PTBA) expects to post a Rp3 trillion net income this year, reaching its target which is 50% above ...
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- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Australian Coal Association
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Posco Energy - South Korea
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
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