We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 20 May 09
CIL MAY URGE NEW GOVERNMENT TO HIKE COAL PRICE - STEELGURU
BL reported that soon after assuming office the new government may be faced with a proposal for an increase in prices of coal by Coal India Limited ...
Wednesday, 20 May 09
S.KOREA COAL IMPORTS IN APRIL DOWN 22 PCT Y/Y - REUTERS
South Korea's imports of heating coal in April fell 22 percent from a year earlier on bearish demand from domestic utilities, industry data showed ...
Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
The international physical steam coal market has become increasingly liquid and tradeable during the past five years.
Physical global seaborne co ...
Wednesday, 20 May 09
SHIPPING INDEX RISES TO 7-MONTH HIGH AS CHINESE DEMAND ADVANCES - BLOOMBERG
The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore. ...
Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
|
|
|
Showing 6746 to 6750 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Economic Council, Georgia
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Planning Commission, India
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
|
| |
| |
|
