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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, 04 May 12
DEMOLITION KEY FOR DRY BULK MARKET RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The overflow of newbuilding vessels which “spilled over” into 2012 from 2011 brought the dry bulk market to a near collapse level at the ...
Thursday, 03 May 12
DRY BULK MARKET REMAINS INACTIVE, POSTING MILD DECREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept retreating this week, although at a very low pace, on the back of a lull in demand. The industry's benchmark, th ...
Thursday, 03 May 12
MINERS DEMAND LEGAL CERTAINTY ON PRE-BAN INTERIM POLICY - THE JAKARTA POST
The Jakarta Post reported that, Mining companies represented by the Indonesian Mining Association (IMA) welcomed the government’s plan to impo ...
Thursday, 03 May 12
HANDY EAST COAST INDIA - CHINA AROUND USD 7000 - FEARNLEYS AS
Handy - Stable demand in the Atlantic offered good rates for the tonnage.
USG/Cont was worth USD 17500 and more. Baltic and Black Sea appeared to ...
Wednesday, 02 May 12
CHINA BLACKOUTS HIGHLIGHT PRICING POLICY WEAKNESS - FITCH
Fitch reported that, the likelihood of further electricity blackouts in China this summer underlines Fitch's view of the basic problem f ...
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- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Parliament of New Zealand
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Marubeni Corporation - India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
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