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Thursday, 15 December 11
BERAU SEES INDIA AS POTENTIAL MARKET FOR LOW-CALORIE COAL - THE JAKARTA POST
 The Jakarta Post reported that, Publicly listed coal mining company PT Berau Coal Energy (BRAU), the fifth largest coal producer in Indonesia, sees India as a potential market for the company’s low-calorie coal.
Berau president director Rosan Perkasa Roeslani said in Jakarta on Wednesday that coal exports to India, especially those of low-calorie, would be further increased to meet the growing demand from the South Asian country’s power plants.
Speaking during the company’s public expose, Rosan said that a market diversification into India would be needed to maintain the company’s export growth. “We want to diversify our market. Currently, most of our products are exported to China. We want to increase our sales to India starting from next year,” Rosan said.
BRAU sold 8.6 percent, or about 1.29 million metric tons, of its total sales of 15 million metric tons of coal produced up to the third quarter to India.
According to company data, China remains BRAU’s primary export market, with sales accounting for 43.9 percent of its total coal production. The figures also show that the company sells 17.4 percent of its coal to Taiwan, 11.2 percent to South Korea and about 0.4 percent to Japan. BRAU only sells 14 percent of its coal production on the domestic market. Most buyers of BRAU’s coal are power plants.
Rosan declined to reveal how much the company aimed to sell to India. “India is a market for our low calorie coal coming from the Lati mining site,” Rosan said.
BRAU’s main products are Mahoni coal with a calorific value of 5,500 kcal/kg, Mahoni-B with a calorific value of 5,300 kcal/kg, Agathis with a calorific value of 5,100 kcal/kg and Sungkai with a calorific value of 5,000 kcal/kg.
Currently, BRAU owns five mining locations in East Kalimantan. The concessions are Lati, Binungan I to VII, Binungan Prapatan, Binungan Kelay and Sambarata. The concessions’ cumulative area is 118,400 hectares.
Rosan said that BRAU’s average price by September stood at US$80 per metric ton of coal, a 33 percent increase from $60 in the same period last year.
“For the whole year, we estimate the average price will be $81. For next year, we predict conservatively that the average price will slightly decline to $80,” Rosan said.
The increasing price of coal contributed to BRAU’s growing net profit to $112 million in the first nine months of this year, surging 240 percent from $33 million in the same period last year.
“We hope that BRAU will book up to $600 in EBITDA [earnings before tax and amortization] next year,” Rosan said. BRAU’s EBITDA stood at $435 million as of September, surging 77 percent from $245 million year-on-year.
According to Rosan, BRAU expects to produce 20 million metric tons of coal by the end of the year. “We aim to reach production of 23 million next year and 30 million by 2014,” Rosan said.
BRAU’s director of finance John Ramos said that his company would allocate $140 million to $160 million in capital expenditure for 2012. Rosan said that the expenditure would be used to build infrastructure to boost coal production. “We have no plans for acquisition,” Rosan said.
The company said earlier that it would begin exploration at the Binungan Block 1 next year to meet the production target. The Binungan Block 1, with estimated reserves of 10 million tons, is expected to produce 500,000 tons in 2012. (rcf)
Source: The Jakarta Post
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Wednesday, 07 March 12
ASSESS ASIAS POTENTIAL, DEVELOPMENTS AND APPETITE FOR SHALE AT SHALE GAS SUMMIT
Press Release - Assess Asia’s Potential, Developments and Appetite for Shale at Shale Gas Summit on 23-24 Apr, 2012 in Beijing
China is rep ...
Wednesday, 07 March 12
3RD MOZAMBIQUE COAL CONFERENCE
3rd Mozambique Coal Conference
2-4 July 2012 | Joaquim Chissano International Conference Centre , Maputo, Mozambique
http://www.immevents.com/mo ...
Wednesday, 07 March 12
DRY BULK MARKET KEEPS UP TIMID REBOUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its rising momentum yesterday, rising for the eighth straight session, on the back of renewed demand for smaller bulk c ...
Wednesday, 07 March 12
BUKIT ASAM EYES 39% RISE IN COAL SALES - INSIDER STORIES
Insider Stories reported that, PT Bukit Asam Tbk is scouting a 39% increase in coal sales volume to 18.66 million tons this year from last year with ...
Wednesday, 07 March 12
PETROSEA SEALS US$188 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, coal mining contractor PT Petrosea Tbk has secured a US$188 million additional contract from its affiliated firm PT S ...
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- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Australian Coal Association
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
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