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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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Friday, 30 September 11
INDIAN IRON ORE MARKET GETTING ACTIVE - FEARNLEYS AS
Handy
The Atlantic market continued its strong trend with fresh cargoes entering the market. Vessels open US Gulf fixed tick above US$ 27k back to t ...
Friday, 30 September 11
KRISHNAPATNAM PORT WINS GLOBAL PORT & COAL PORT OF THE YEAR AWARDS
COALspot.com - Krishnapatnam Port, a dynamic new generation world class port located in the East Coast of India has been adjudged the winner in the ...
Thursday, 29 September 11
INDONESIA'S MINERS FACE AN UNCERTAIN FUTURE - RUPERT WALKER
An evolving regulatory framework for the country's minerals industry could threaten its profitability and stifle investment.
The five-year surge ...
Thursday, 29 September 11
DRY BULK MARKET FALLS MID-WEEK, FURTHER DROP EXPECTED NEXT WEEK ON CHINA HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected by the Baltic Dry Index (BDI) retreated by 0.36% yesterday reaching 1,920 points, with the Capesize segment suffer ...
Wednesday, 28 September 11
ATLAS RESOURCES TO SELL 25% STAKE IN IPO - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, plans to sell 783.33 m ...
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- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- The University of Queensland
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
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