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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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Saturday, 06 June 09
IS THE RECESSION OVER ? - CAPT. REDDY, VISTAAR SHIPPING
COALspot.com (Singapore): Is the recession over, that is what most analysts think and seems so from the Baltic Index rally and firm commodity ...
Saturday, 06 June 09
COAL PRICE HIT RECORD ON STRONG CHINA DEMAND - INVESTMENT WATCH
Investment watch reported that, “Coal price hit a new high of over $72 a tonne at Australia’s Newcastle Port, a benchmark for Asia, spur ...
Friday, 05 June 09
CEMENT INDUSTRY NEEDS POLICY ON FLY ASH
H.M. Bangur, President of Cement Manufacturers' Association, on the objectives and economic impact of the proposed national policy on utilisation o ...
Thursday, 04 June 09
PAKISTAN TO IMPORT MORE COAL FROM INDONESIA - SEATRADE
COALspot.com (Pakistan): Richards bay to Pakistan sea freight has touched US$ 20.00 for 40,000/10 pct steam size in June 2009. South African c ...
Thursday, 04 June 09
CHINA'S SHANXI PROVINCE CONSIDERS COAL FUTURES BOURSE - MINE WEB
Mine Web reported that, China hopes to establish a coal futures exchange to obtain more rights on international pricing.
China's largest coal pr ...
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- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Australian Coal Association
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
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