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Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI
COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no plan to review their existing expansion plan for 2013 due to current coal price weakness. According to Dileep Srivastava' company’s corporate secretary’s E-mail note Bumi will stand on their 2013 expansion plan without any change.
"We view present spot weakness as temporary, seasonal and rise as winter approaches", Dileep shows his optimistic on future coal prices.
Bumi is also planning to drop strip ratio to 10:1 this year (vs 11.5:1 last year) to keep their production cost under control. Bumi supplies 20% of its total production to domestic market and remaining 80% for export market.
“Japan, India & China are account for 50% of our exports. Taiwan, Hong Kong, South Korea, Malaysia and Philippines are the rest with some to Europe”, he replied in E-mail.
Due to sudden dropped in coal prices there were number of cancellation or delay in performing coal shipments including re-negotiation on contracted prices from Indonesia. However, Its seems that, BUMI has not affected delays or cancellation. “A shipment delay or two (including local) but no request for re-pricing” Bumi’s note says.
According to Dileep, Bumi’s 67% of year '12 estimated production (of 75 m tons) has been contracted at fixed price. The contracted price was at around +$85/ton FOB. The remaining 15% of quantity has been sold index linked price (GCNEWC index (global Newcastle) for Asia Market) with a fixed premium. (updated on 23/6/2012 - 00:08 SG time)
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Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target.
According to Irwan Budiarto analyst at Bahana Securities, US ...
Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts.
The API 5 index represents 5,50 ...
Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points.
The Cape index also was down by 5.78 pct closing a ...
Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...
Friday, 08 June 12
MINISTER DENIES COAL EXPORT TAX PLAN, ENDORSES RESTRICTIONS - THE JAKARTA POST
The Jakarta post, one of the leading english news paper in Indonesia reported that, Energy and Mineral Resources Minister Jero Wacik has denied that ...
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- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
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