We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Sunday, 30 September 12
INDONESIA HAS NO PLAN TO CAP COAL PRODUCTION
 COALspot.com - “The current low coal prices were mainly due to a global oversupply condition, spurred by numerous mining exploitations in the past 3-4 years due to attractive coal prices”, said Edi Prasodjo, Director of Coal Business Development at the Ministry of Energy and Mineral Resources (MEMR), Monday during “Indonesia Coal Price Trend and Market Outlook” conference, as quoted by Bahana Securites note to its clients.
Bahana Securities note further said that, Edi Prasodjo further commented that current low prices are challenging for Indonesian small-to-medium coal companies with many of them having stopped production. MEMR forecasts a lower production output of coal in 2012. Ministry of Energy and Mineral Resources is expecting the will fall to 332 million tons, down 6 percent y-y.
Energy and Mineral Resources ministry, however, forecasted a higher production output in 2013 and 2014. The ministry is expected the production in 2013 will be around 337 million tons and 342 million tons in 2014, still at same levels or lower than 2011 production volume.
According to Bahana’s note, Indonesia has already produced around 215 million tons of coal for first seven months of this year expects further deceleration in the remaining period of 2012.
The government has no plan to cap coal production to mitigate the current oversupply condition, as indicated by Director of Coal Business Development at the Ministry of Energy and Mineral Resources. Bahana said in its note, according to Edi Prasodjo, the production output restriction is unlikely to occur in the short-term as coal’s importance in the Indonesian state budget. Coal exports contributes IDR 20.8 trillion as non-tax state revenue in 2011 up from IDR5.8t in 2007.
In addition to that, the government is still converting all Non-Clean and Clear (Non-CNC) IUPs to be CNC IUPs and it is expected to be completed by the end of this year.
According to Bahana, “we learned an interesting development within the global coal industry”. Bahana said, according to a coal company, some of US manufacturers are starting to pulling back manufacturing plants from China to the US on the back of lower production costs helped by the availability of cheap shale gas. This coupled with the eventual repair of China’s railway problem and other technological advancement such as HVDC cable will pose longer term uncertainties on the fundamentals of coal.
Bahana adopts a different view on world coal outlook compared to a Mackenzie keynote speaker, in which he stated that longer term coal fundamentals would remain intact with main demand coming from China and India. Mackenzie believes that Chinese coal imports are mainly driven by coal price arbitrage between domestic and international coal prices.
Testimony to this was higher 8M12 coal imports (+44% y-y, exhibit 10), although we note volumes had been on the decline in the past two months with August volumes just up a paltry 4% y-y. In 2013, Mackenzie also expects China’s coal imports to grow 11% y-y to 250m tons, before further increasing to 500m tons in 2020 on higher demand. In India, coal imports are expected to almost double from the current 100m tons to nearly 200m tons in 2020 caused by infrastructure bottleneck (India's power plants are mainly concentrated in Western, Southern and Northern India, while production is based in Eastern India). However, we note that Mackenzie does not see much coal price improvement through 2013 from current levels.
Bahana believes upside potential on coal price remains limited due to weak coal demand. Bahana maintains its 2012 average coal benchmark price at USD97/ton, but Bahana’s forecasts prices for 2013 is much lesser than 2012 price. Bahana maintains it 2013 coal prices at USD85 / ton in 2013, around US$ 12.00 below its 2012 forecasts. Bahana retains its underweight stance on coal sector and expect its underperformance to persist going forward. Currently, with 23% average downside to our target prices (TPs), all of Bahana’s covered coal companies have reduce ratings.
In the meantime, the Jakarta globe, an English new paper in Indonesia reported that, the Indonesian government has scrapped plans to raise coal sales in the domestic market until at least 2014, as state utility company Perusahaan Listrik Negara (PLN), its main customer, has more than enough stock, a senior official at the Energy and Mineral Resources Ministry said.
“There used to be a plan to increase the DMO so that PLN could get more [coal], but now PLN has more than enough,” Rudi Rubiandini, deputy minister for energy and mineral resources, said on Friday, as quoted by The Jakarta Globe.
According to paper, Rudi’s statement echoed those of Helmi Najamudin, the head of the coal division at PLN, who said supply had surpassed consumption for the next two years. Helmi said coal consumption would exceed supply in 2015, where it will reach 88.8 million tons.
As Indonesian domestic market is not going to absorb more coal at least for another two years, the oversupply of coal to export market is unavoidable. Hence the coal price recovery will be in slow move unless there is any unexpected situation occurred in oil industry, oil transportation routes or demand side.
"The best way to escape from a problem is to solve it." – unknown source
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 16 September 12
THE FREIGHT RATES FROM INDONESIA TO INDIA EXPECTED TO BE STEADY - VISTAAR
COALspot.com - The freight market was mixed with most indices closing positive except for the Panamax index.
The main sentiment seems to be ...
Saturday, 15 September 12
FINANCE MINISTRY OPPOSES TAX INCENTIVE PLAN FOR COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry has turned down the idea of providing a fiscal incentive to the country’s coal mining ind ...
Friday, 14 September 12
DRY BULK MARKET LOOKS TOWARDS CHINA FOR SOME POSITIVE NEWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market freight rates submerged underwater for a large part of the year, dry bulk owners are looking for some positive enhancement ...
Friday, 14 September 12
GOVT OFFERS CONDITIONAL TAX HOLIDAY TO AILING COAL MINERS - JP
The Jakarta Post, one of the leading English news paper in Indonesia reported that, acknowledging difficulties encountered by coal miners due to a p ...
Thursday, 13 September 12
PANAMAX: THE NEGATIVE TREND, POOR SENTIMENT CONTINUES - FEARNLEYS AS
Handy
Lack of cargoes and a growing list of available ships is causing rates to slip for all Atlantic trades.
The only trade keeping somewhat s ...
|
|
|
Showing 4571 to 4575 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Bhatia International Limited - India
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
|
| |
| |
|
