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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, 18 April 12
INDONESIA TO INTRODUCE EXPORT DUTY ON MINERAL ORES BY 6 MAY 2012
The Indonesian government is scheduled to issue regulation on export duty for minerals before May 6, 2012.
According to Bisnis Indonesia, as quot ...
Sunday, 15 April 12
THE SPOT FIXTURE RATES FOR SUPRAMAX IN SE ASIA SAW SOME SOFTENING OF CHARTER RATES - VISTAAR
COALspot.com - The market seem to be holding and except for Supramax and handy size index all other index was up with BDI up by 4.74 pct closing at ...
Friday, 13 April 12
MINERS OPPOSE GOVTS EXPORT TAX PLAN - THE JAKARTA POST
The Jakarta Post reported that, Indonesian mining companies have strongly protested the government’s plan to impose a 25 percent export tax on ...
Friday, 13 April 12
S&P CAUTIONS AGAINST NEW INDONESIAN MINING REGULATIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Investors may have expressed concerns about looming new mining regulations, but ratings agency Standard & Poor& ...
Thursday, 12 April 12
FIRST QUARTER OF 2012 SAW AN ADDITIONAL 24.2 MILLION DWT OF DRY BULK CARRIERS ENTERING THE FLEET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The inflow of newbuilt dry bulk vessels was larger than expected in the first quarter of 2012. As much as 24.2 million DWT were added to the fleet. ...
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- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- The University of Queensland
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
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