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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, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Monday, 01 June 09
LANDED COST OF IMPORTED COAL HAS INCREASED BY 10 - 15% COMPARE TO EARLY THIS YEAR - PAKISTAN TRADERS
COALspot.com (Pakistan): Due to visiting non commercial vessels occupied commercial berths in Karachi port, coal carrying vessels were sufferi ...
Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH - THE JAKARTA POST
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Saturday, 30 May 09
THE CHINESE IMPORTS OF IRON ORE,COAL AND NICKEL ORE SEEMED TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore,said, the Baltic index rally continued this week ...
Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd.
In the ...
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- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- The University of Queensland
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Australian Coal Association
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
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