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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, 23 May 09
THE SPOT SUPRAMAX CONTINUED TO BE FIRM - VISTAAR SINGAPORE
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore, said, the beginning of the week continued ...
Saturday, 23 May 09
INDONESIA'S COAL OUTPUT SLUMPS IN Q1 ON LOWER PRICES, FALLING DEMAND - THE JAKARTA GLOBE
Falling international coal prices, bad weather and other problems cut first-quarter coal output by 50 percent to 30 million tons against an initial ...
Saturday, 23 May 09
INDIAN GOVT PLANS TO BUILD FIVE COAL-BASED POWER PLANTS AT $3.5B TO END CRISIS - THE FINANCIAL EXPRESS
The government has started working on a plan to set up five coal-based power plants with combined capacity of 2,500 mega watt to solve the country' ...
Saturday, 23 May 09
INTERNATIONAL COAL VENTURES PVT LTD FORMED - INDIA SERVER
National Thermal Power Corporation Limited (NTPC Ltd), the largest thermal power generating company of India, has entered into a joint venture with ...
Friday, 22 May 09
CHURCHILL DOUBLES INDONESIAN COAL PROJECT RESOURCE ESTIMATE - STEEL GURU
Mining Weekly quoted Churchill Mining as saying that the resource at its East Kutai coal project in Indonesia has more than doubled to 3.18 billion ...
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- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Bhatia International Limited - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Mjunction Services Limited - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
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