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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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Tuesday, 22 May 12
NEW ONE-YEAR TIME CHARTERS FOR TWO VESSELS OF EXCEL MARITIME CARRIERS LTD.
Excel Maritime Carriers Ltd. (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportat ...
Tuesday, 22 May 12
DRY BULK MARKET STEADY, AWAITING FURTHER RISE IN DEMAND WHICH IS DOUBTFUL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Traditionally, the second and third quarters of the year are the strongest for the dry bulk market, but this year, things seem to be quite subdued, ...
Sunday, 20 May 12
SPOT FREIGHT RATE DIPS FURTHER - VISTAAR
COALspot.com - The BDI was marginally up by 3 points (0.26 pct) closing at 1,141 points.
The cape index was up by 1.17 pct closing at 1,633 point ...
Saturday, 19 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP US$ 2.88 PMT W-O-W
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries have drops this week by 3.86 percent and& ...
Saturday, 19 May 12
INDONESIAN EXPORT TAX GIVES COAL MINERS A CHEAP RIDE: ANALYSTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s policy to exclude coal from an export tax that has been applied to 14 other mineral commodities h ...
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Showing 4721 to 4725 news of total 6871 |
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- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- The University of Queensland
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- White Energy Company Limited
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
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