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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, 16 November 11
A STRONG WEEK FOR THE CAPES - BRS
A sharp bounce by the Cape market pushed the BDI up by 3% last week. This was despite a softening in the other indices with the Panamax, Supramax an ...
Monday, 14 November 11
BORL SEEKS 660K MT OF LOW SULPHUR COAL
COALspot.com - BORL India has issued a tender for around 660,000 MT of 4500 - 5500 kcal/kg sub-bituminous Coal.
Bharat Oman Refineries Ltd ...
Sunday, 13 November 11
BUNKER PRICES REMAINED FIRM
COALspot.com - The market seemed to recover this week with the BDI and Cape Index up.
The BDI was up by only about 2.86 pct closing at 1835 point ...
Saturday, 12 November 11
COALINDO ENERGY LAUNCHED INDEX FOR 3400 GAR COAL
COALspot.com - PT Coalindo Energy, in cooperation with Argus Media Limited, launched the coal index for low-rank coal with a calorific value of 3,40 ...
Saturday, 12 November 11
BBJ WILL RELEASE A COAL CONTRACT
Jakarta Futures Exchange will soon release a coal futures contracts during the quarter 1 / 2012.
Director of the Jakarta Futures Exchange (BBJ) S ...
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- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Planning Commission, India
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- SMC Global Power, Philippines
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
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