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Thursday, 11 June 09
COAL PRODUCERS TO SEE BOOST IN DEMAND FROM ASIA PACIFIC - JAKARTA POST
 The Jakarta Post reported that, at the recent 15th Coaltrans conference in Bali, we noted concerns related to rising oil prices at a faster pace than coal, which could incur heavier production costs for coal producers. However, we expect these increases to be offset by buoyant coal demand from the region.
India for example, clocking 8 percent annual power demand growth, estimates demand for imported coal to reach 43 million tons in 2009 because of its short domestic supply.
Additionally, India's cement industry is also growing at 9-10 percent annually, while its steel consumption is seeing 8 percent growth each year.
This is also supported by the Indian Electricity Act 2003, setting out to provide electricity for all of India by 2012. Hence, power demand in India is estimated to grow to 315 GW (gigawatts) by 2017, from 120 GW at present.
India has fallen short of meeting its thermal coal demand since 2005. Back then, the deficit was 37 million tons. This grew to 90 million tons in 2008, and is predicted to grow to 160 million tons by 2012.
The Coal and Oil Group of India estimates thermal coal imports to triple to 100 million tons by 2012, making it the world's fastest growing coal importer.
Support should also come from the Philippines with its estimated annual coal consumption of between 8.7 million - 10.2 million tons by coal-fired power plants alone, versus its annual coal production of 3.6 million tons.
Total coal demand in 2008 for the Philippines was 12.2 million tons, including coal usage by industrial, cement and heavy equipment sectors with the power sector accounting for 72 percent of demand.
Wood Mackenzie believes China will add pressure to demand by becoming a net coal importer as of 2009, with a gradual decline in coal exports, flattening out at 30 million tons a year by 2015.
On the domestic front, state utility firm PLN predicts Indonesia's energy demand to rise from 272 TWh (terawatt hours) this year to 325 TWh in 2018, when it predicts coal-steam power plants will account for 60 percent of the supply.
Coal demand for power generators is estimated to reach 107 million tons by 2018, up from 32 million tons in 2009.
By 2015, low-grade coal usage is expected to rise to 53 percent, from 8 percent in 2008, while medium and high-grade coal usage should decrease.
The government has adopted a mechanism to regulate both volumes and pricing for domestic market obligation (DMO) to ensure domestic demand is met.
Coal volume will be regulated through the Ministerial Decree on Minimum Percentage of Domestic Coal Sales, which will be distributed proportionally among coal buyers.
The government also plans to set an Indonesian Coal Price Reference (ICPR/HPB) to be applied for both producers and consumers. ICPR will rely on a reference index averaging on 4 indexes (ICI, BJ, GC, and Platts).
The new Minerals and Coal Mining Law has provided clear structuring through new mining licenses (IUP or IUPK) which apply for domestic and foreign investors.
However, regulations on divestiture of shares owned by foreign parties after five years of production may discourage foreign investment in the sector, but will provide support for domestic coal producers.
As a major thermal coal exporter, Indonesia will fully benefit from the short coal supply in neighboring countries.
Indonesia's strategic geographic location will make it a prime choice among coal suppliers based on lower delivery costs and timing compared to other countries such as Australia.
Declining coal exports from the Atlantic (the US) should also create potential for coal markets in the Pacific, particularly Indonesia.
The writer (Katherine Hermawan) , is a research analyst at Bahana Securities
Source: http://www.thejakartapost.com/news/2009/06/11/coal-producers-see-boost-demand-asia-pacific.html
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Thursday, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over ...
Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice Pre ...
Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers f ...
Wednesday, 03 June 09
XSTRATA, KOMIPO AGREE SOME '09 COAL TONNAGE AT $63/T- REUTERS
South Korean utility Korea Midland Power Co (KOMIPO) has agreed to buy part of its 2009 term contract tonnage from Xstrata's coal unit at about $63 ...
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 ...
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- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
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