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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, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
Monday, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
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- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Electricity Generating Authority of Thailand
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- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
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- Power Finance Corporation Ltd., India
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- Renaissance Capital - South Africa
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- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
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- Simpson Spence & Young - Indonesia
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- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Marubeni Corporation - India
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- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
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- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Central Electricity Authority - India
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- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- The University of Queensland
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Minerals Council of Australia
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- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
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- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
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- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
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- Electricity Authority, New Zealand
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- Siam City Cement - Thailand
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- Banpu Public Company Limited - Thailand
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