We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 20 February 12
COAL BOOM AND ENVIRONMENTAL CONCERN - SUNIL K KUMBHAT
COALspot.com - The dawn of the 21st century has seen a shift in the world's commercial balance of power, with the dominance of the US, Europe and J ...
Sunday, 19 February 12
THE SPOT FIXTURE RATES WERE REPORTED AT HIGH LEVELS - VISTAAR
COALspot.com - "The markets seems to holding back this week appears the momentum which picked up last week may slow down" - Capt. Reddy of ...
Sunday, 19 February 12
INDIKA ACQUIRES MULTI TAMBANGJAYA - INSIDER STORIES
Insider Stories reported that, PT Indika Energy Tbk (INDY) announced that wholly-owned subsidiaries have signed a conditional sale and purchase agre ...
Friday, 17 February 12
COLOMBIA COAL PRODUCTION, EXPORTS JUMP IN 2011: GOVT - COLOMBIA REPORTS
Colombia Reports reported that, colombia's coal production jumped 15.4% in 2011 to 85.8 million tonnes versus the previous year while exports rose ...
Thursday, 16 February 12
GEARING UP FOR THE EMERGING OIL & GAS OPPORTUNITIES IN MYANMAR
Press Release - Myanmar Ministry of Energy and Centre for Management Technology (CMT) to Co-host MOGP (Myanmar Oil, Gas & Power) Summit on 28 - ...
|
|
|
Showing 4846 to 4850 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- VISA Power Limited - India
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- Chamber of Mines of South Africa
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Planning Commission, India
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
|
| |
| |
|
