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Thursday, 22 December 11
RI WILL NOT PLAY CATCH-UP WITH GLOBAL COAL DEMAND - THE JAKARTA POST
 The Jakarta Post reported that, the International Energy Agency (IEA) has predicted in its Coal Market Report 2011 that over the next five years, global coal demand will increase at a rate of 600,000 tons per day, mostly driven by a surging power generation in emerging economies.
The agency says the rapid growth is a reminder of the challenges in making the global energy system more sustainable and environmentally friendly.
Responding to the prediction, the government of Indonesia, the largest exporter of thermal coal in the world, revealed that it would not boost production to catch up with the growing demand, saying that conservation and environmental protection were more important priorities for the country.
“We’re not proud of being one of the largest coal exporters and we want to maintain the balance for the sake of our future,” said Thamrin Sihite, the director general for minerals and coal at the Energy and Mineral Resources Ministry, in Jakarta on Wednesday.
He continued that the government would not in the near future be issuing explicit limitations on coal production; but it would, however, be aiming to control production activities from mining companies’ expenditure plans (RKB). The government might reject production plans that are too excessive, he added.
In 2012, the government is aiming for a production target of 332 million tons, while the Indonesian Coal Mining Association (APBI) calculates that the volume could reach up to 380 million tons after taking into account output in 2011, which is estimated to reach 360 million tons by the end of this year.
The APBI shares the same opinion as the government: that an increasing global demand for coal does not force Indonesia to ramp up production, as there are 70 other countries in the world that also have coal reserves.
“Most of the countries can’t expand their production due to problems in infrastructure; particularly countries like Mozambique, Angola and the former Soviet Union countries,” Supriatna Suhala, executive director of the APBI, told The Jakarta Post.
If Indonesia limited its exports, coal prices would rise and make expansion of production in those countries economical, he explained. Now, the price of coal was affordable due to exports from countries whose coal reserves were close to coastal areas, like Indonesia, he said.
“But, it’s up to the government whether we want to halt a production increase for conservation or boost exports to seek revenue. As long as there is no prohibition, mining companies will continue to expand their production,” Supriatna emphasized.
Source: The Jakarta Post
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Wednesday, 26 October 11
INDIAN MARKET WAS REMAINED TIGHT THE WHOLE LAST WEEK - BRS
The market once more seems to be at a crossroads. The indices last week remained fairly stable (except for the Panamax sector), ending the week as f ...
Tuesday, 25 October 11
DRY BULK MARKET STEADY, ANALYSTS LOOKING FOR ADDED PRESSURE ON THE MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was unchanged on Monday, with the industry’s benchmark, the BDI (Baltic Dry Index) ending the session at 2,153 points, exa ...
Monday, 24 October 11
NEW HEAD OF INDONESIA'S MINING MINISTRY GETS RAKED OVER THE COALS - JOSEPH KIRSCHKE
COALspot.com - Following Indonesia’s presidential cabinet shakeup last week, many are questioning the qualifications of Energy and Mineral Res ...
Monday, 24 October 11
CHINA QINHUANGDAO COAL PRICE RISES TO HIGHEST IN THREE YEARS - BUSINESSWEEK
Business week reported that, China’s power-station coal price rose to the highest level in three years as power stations and central heating p ...
Monday, 24 October 11
CAPESIZE RENTAL RATES RISE FOR THIRD DAY AS MORE SHIPS HIRED - HELLENIC SHIPPING
Rates to hire capesize vessels advanced for a third day on signs of increased demand to transport iron ore, used to make steel.Daily rates for the s ...
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- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- White Energy Company Limited
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- The University of Queensland
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
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