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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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Sunday, 14 August 11
SUPRAMAX CHARTER RATES SHARPLY UP - CAPT.REDDY
COALspot.com - The BDI ended positive with gains in Cape and Panamax index. The BDI was up by 1.50 pct and the cape and panamax index was up by almo ...
Saturday, 13 August 11
GMR HAS ENTERED INTO CSPA WITH GEMS TO ACQUIRE 30% STAKE
COALspot.com - GMR Infrastructure Investments (Singapore) Pte Ltd, a subsidiary of GMR Infrastructure, has signed conditional sale and purchase agre ...
Friday, 12 August 11
COAL MINERS WILL ALLOW TO CONSTRUCT MINE MOUTH POWER PLANT
COALspot.com - The government is set to draft a regulation to enable construction of steam-fired power plants (PLTU) by coal mining companies for th ...
Friday, 12 August 11
CAPESIZE DEMAND HELPS LIFTING OF DRY BULK MARKET - HELLENIC SHIPPING NEWS
The dry bulk market has recovered a small fraction of its lost ground this week, with higher returns as a result of increased capesize demand. This ...
Thursday, 11 August 11
INDO TAMBANGRAYA 1H NET PROFIT SOARS 53.09%
Coal miner PT Indo Tambangraya Megah Tbk (ITMG) today reported a 53.09% jump in net profit for the first 6 months of this year on the back of higher ...
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- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- The University of Queensland
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- White Energy Company Limited
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Australian Coal Association
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
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