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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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Thursday, 17 November 11
KOMIPO INVITES BIDS FOR 500K MT OF COAL
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids for the supply of 500,000 Metric Tons of minimum 5700 kcal/kg coal of NAR bases ...
Thursday, 17 November 11
INDONESIAN GOVERNMENT PLANS TO ISSUE MORATORIUM ON COAL MINING LICENSE
COALspot.com - Energy and mineral resources ministry is plans to issue a moratorium on the issuance of coal mining licenses, after the anti-graft co ...
Wednesday, 16 November 11
KRISHNAPATNAM PORT BECOMES DEEPEST DRAFT PORT IN INDIA
COALspot.com - Krishnapatnam Port in its quest to be the best port in India has increased its draft to 17.5 meters, according to E-Mail statement fr ...
Wednesday, 16 November 11
CHINA'S INDONESIA COAL IMPORTS RISE IN OCTOBER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31,162,688 MT of coal in October 2011.
China was a largest importer of Indonesi ...
Wednesday, 16 November 11
TAX OFFICE VOWS TO CRACK DOWN ON COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry’s Directorate General of Taxation says that it will strengthen its supervision of coal mi ...
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- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
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- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
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- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
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- Ministry of Mines - Canada
- Thiess Contractors Indonesia
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- GMR Energy Limited - India
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- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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- Timah Investasi Mineral - Indoneisa
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- Planning Commission, India
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- Directorate Of Revenue Intelligence - India
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- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
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