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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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Wednesday, 03 June 09
KOSEP SEEKS UP TO 3 MLN TONNES OF COAL - REUTERS
Korea South-East Power Co Ltd (KOSEP) has issued four tenders seeking a total of 3 million tonnes of coal for delivery between 2009 to 2011, a tende ...
Wednesday, 03 June 09
POWER DEMAND TO BOOST INDIA COAL IMPORTS DURING MONSOON - STEELGURU
Reuters quoted Indian coal importers said that strong demand for power in India is likely to keep coal imports at the maximum level possible in the ...
Wednesday, 03 June 09
NAPOCOR EXTENDS COAL TENDER FOR SOLE BIDDER - ABS CBNNEWS
National Power Corp. (Napocor), the top Philippine electricity producer, has given the lone bidder at a tender for 195,000 tons of coal more time to ...
Wednesday, 03 June 09
NEWCASTLE COAL EXPORTS JUMP 20 PERCENT; SHIP QUEUE LENGTHENS - BLOOMBERG
Coal exports from Australia’s Newcastle, the world’s biggest export harbor for the fuel, jumped 20 percent last week while the number of ...
Wednesday, 03 June 09
IPL-2 OVER, INDIAN COAL LEAGUE BEGINS IN SOUTH AFRICA - ECONOMICTIME
Steel, cement and power companies, which have traditionally relied on cheap Indonesian coal to fuel their factories, are rushing to buy South Africa ...
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- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Economic Council, Georgia
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
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