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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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Monday, 05 December 11
SGX LAUNCHED IHS MCCLOSKEY/XINHUA INFOLINK OTC CFR SOUTH CHINA COAL CONTRACT TODAY
COALspot.com - In order to meet the demand of the coal industry for an effective coal hedging tool with counterparty credit risk mitigation facility ...
Monday, 05 December 11
DRY BULK RATES LOOKING TO EXTEND GAINS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize dry bulk carrier owners have had a great week, with rates rising for six straight sessions (including the end of the week before that). As ...
Sunday, 04 December 11
SUPRAMAX TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7500 - 8000 PD
COALspot.com - The BDI and Cape index recovered this week. The BDI was up by 3.26 pct and Cape index saw a big jump and closed at 3409 points (up by ...
Saturday, 03 December 11
BORNEO TO SPEND US$600 MIO CAPEX - INSIDER STORIES
Insider Stories reported that, Coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN) plans to spend US$600 million capital expenditure ( ...
Friday, 02 December 11
DRY BULK CARRIERS BACK IN THE SPOTLIGHT AS MARKET SPEEDS UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the tanker and container markets suffering dearly, it seems that the tide has once again turned in favor of the dry bulk carriers, despite over ...
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Showing 4946 to 4950 news of total 6871 |
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- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
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