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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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Thursday, 14 July 11
INDO GOVT. SETS JULY COAL REFERENCE PRICE AT US$ 118.24 PER TON
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia sets coal spot price benchmark for July 2011 at US$ 118.24 per ton, US$ 0 ...
Thursday, 14 July 11
DRY BULK MARKET KEEPS FALLING ON WEAK CAPESIZE SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on retreating on Wednesday, with the Baltic Dry Index (BDI) falling to 1,383 points, from 1,411 of the previous day. Capesi ...
Thursday, 14 July 11
UNITED TRACTORS BUYS DUTA SEJAHTERA - INSIDER STORIES
Insider Stories reported that, PT United Tractors Tbk (UNTR), via a wholly-owned subsidiary PT Tuah Turangga Agung, will acquire PT Duta Sejahtera a ...
Wednesday, 13 July 11
ANOTHER FIRMER WEEK FOR THE CAPES - BRS
Barry Rogliano Salles reported that, there were mixed results for the dry bulk market this week: the Capesize and Panamax markets performed well gai ...
Tuesday, 12 July 11
INDONESIAN MINERS PLAN $70M INVESTMENT TO UPGRADE QUALITY OF COAL - THE JAKARTA GLOBE
One of the leading english language news paper in indonesia, the Jakarta globe reported that, as the government implements a ban on the export of po ...
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- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Australian Coal Association
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
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