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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, 12 January 11
BULKER DELIVERIES WEIGHING IN ON FREIGHT RATES KEEPING SENTIMENT ON A NEGATIVE MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of new buildings still hitting the water has caught up for good with the freight market, with capesizes unable to weather the storm. With r ...
Tuesday, 11 January 11
SUPRAMAX TRIP VIA INDONESIA TO INDIA US$ 8,000 PER DAY
Despite continued growth in the bulk trades, the delivery of new vessels is beginning to take its toll. The BDI continued its decline, finishing las ...
Tuesday, 11 January 11
DRY BULK MARKET REACHES NEW LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark index, the Baltic Dry Index (BDI) lost further ground in the beginning of the week, following the trend of the ...
Monday, 10 January 11
MINING INVESTMENT TARGET TOO LOW - TEMPO INTERACTIVE
TEMPO Interactive reported that, the Indonesian Mining Association’s executive director, Priyo Pribadi, believes the government’s invest ...
Monday, 10 January 11
COAL MONGOLIA IS INVITING YOU TO THE INTERNATIONAL COAL SECTOR INVESTORS CONFERENCE
COALspot.com - (Press Release) - The Coal Mongolian Conference will take place at Chinggis Hotel, in Ulaanbaatar on 24-25, Feb 2011. The coal bonanz ...
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- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- MS Steel International - UAE
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
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