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Tuesday, 02 June 09
ADARO MAY RAISE COAL SALES TO CHINA, INDIA PLANTS - THE JAKARTA GLOBE
 PT Adaro Energy, the country’s second-largest coal producer, may increase sales of power-plant coal to China and India on signs of a global economic recovery, a company official said.
Adaro may boost sales of thermal coal to China to 4.5 million metric tons and sales to India to 4 million tons this year, Alastair Grant, Adaro’s marketing director, said on the sidelines of the Coaltrans Asia summit in Bali on Tuesday. “China looks strong in the second half,” Grant said.
India’s electricity shortage and China’s rising power demand led to increased demand for coal by power plants. Adaro’s profit may increase on higher prices for its 2009 contracts, Credit Suisse analyst Haider Ali said in May.
Adaro plans to export 33 million tons this year from its estimated output of about 42 million tons, Grant said. It sent 3.5 million tons to China and 3 million tons to India in 2008. The company produced about 38.5 million tons of the fuel last year in Indonesia, Grant said.
Credit Suisse set Adaro’s 12-month share target price at Rp 1,500. Adaro shares rose 5.1 percent to Rp 1,450 on Tuesday, as local mining stocks soared on hopes of a global recovery.
Adaro’s announcement comes just after the government said it would soon complete a draft to fix a reference price for coal and set domestic allocations to boost government revenue from the $15-billion-a-year industry.
The reference price, which will be used to calculate revenue for the state, should be ready for the 2010 government budget, Energy Minister Purnomo Yusgiantoro said on Monday. Producers may have to set aside up to 40 percent of their output for domestic use, he said, adding that an agency would be appointed to manage quotas for local miners.
“The coal price will be used to determine and optimize government revenue from coal production,” Purnomo said.
Swings in coal prices in the past have led to fluctuating government income from coal royalties. The government gets 35 percent of its revenue from the oil, gas and minerals industry — of that, 4 to 5 percentage points are from minerals, Purnomo said.
The formula for the reference price will be based on coal price indexes and will take into account the calorific value and moisture content of the coal. Higher calorific values and lower moisture content could lead to better prices.
Indonesia may raise coal output by 4.4 percent to 250 million metric tons this year, said Gerard Strahan, managing director for Coaltrans Conferences. Coal prices have fallen to $60 a ton from $125 a year earlier, he said.
Mines will need to set aside up to 70 million tons for local use, Purnomo said. The government plans to raise coal use to 33 percent of energy consumption by 2025, from 19 percent last year, he said.
The government may set two sets of reference prices, one each for the domestic and export market, said Bambang Setiawan, director general for mineral resources, coal and geothermal affairs. The domestic price will take into account production costs and margins, he said. Indonesia’s total coal output may exceed 300 million tons by 2025, he said.
Source: http://thejakartaglobe.com/business/adaro-may-raise-coal-sales-to-china-india-plants/278823
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Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply ga ...
Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry th ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
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- ICICI Bank Limited - India
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- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
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- Ceylon Electricity Board - Sri Lanka
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- Economic Council, Georgia
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- Energy Development Corp, Philippines
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- Indian Oil Corporation Limited
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- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
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- Singapore Mercantile Exchange
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- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
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- McConnell Dowell - Australia
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- Thai Mozambique Logistica
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- Eastern Coal Council - USA
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- Meralco Power Generation, Philippines
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- Baramulti Group, Indonesia
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- Standard Chartered Bank - UAE
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- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Renaissance Capital - South Africa
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- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
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- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Merrill Lynch Commodities Europe
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- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
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- Electricity Authority, New Zealand
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- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
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- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
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- Indian Energy Exchange, India
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- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
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- Bangladesh Power Developement Board
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- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
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- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
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- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
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- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
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- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
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- Wilmar Investment Holdings
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
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- Directorate General of MIneral and Coal - Indonesia
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- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
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- Energy Link Ltd, New Zealand
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