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Tuesday, 31 December 13
INDONESIA'S COAL PRODUCTION COULD HIT 450 MMT IN 2014 - ICMA
 COALspot.com: Indonesia, the fourth largest coal producer and largest coal exporter in the world, to increase coal output in year 2014 instead of the unfavourable coal prices in 2013.
According to the Jakarta post, the English language news paper, Indonesian coal production will keep growing next year as the country’s miners increase their output to tap expected higher demand. The deputy chairman of the Indonesian Coal Mining Association, Herman Kasih, said the country’s coal production could hit 450 million tons next year, as quoted by the post.
“Coal miners are targeting higher production. There’s growing demand in the global market, including from Japan, which will increase coal purchases after it shuts down its nuclear generated power,” Herman said.
Japan closed its last operating nuclear reactor in September, following a tsunami that hit the country in March 2011. The country now has all of its 50 nuclear reactors offline, the post says.
However, the Energy and Mineral Resources Ministry mineral and coal forecasts the coal output in 2014 will reached only 400 million tons.
In the meantime, Bob Kamandanu, Chairman of the Indonesian coal mining association, urged all coal mining companies, particularly members of ICMA, to rein-in their coal out in 2014 to help improve coal prices in an oversupplied market, according to an interview published by Coal Asia recently.
According to Raras Cahyafitri of the post, Energy and Mineral Resources Ministry mineral and coal general director R. Sukhyar said Indonesia’s coal production would reach 421 million tons this year, seeing hopes of output at 391 million tons fade. This year, total production will be around 3.4 percent growth compared to the 407 million tons mined in 2012. “Next year, the production is estimated to remain at around 400 million tons,” Sukhyar said.
As the association and the ministry played safe on the outlook, the country’s coal producers have set a two-digit increase in production for next year, according to Raras Cahyafitri.
PT Bumi Resources, the controlling shareholder of two giant coal miners — namely PT Kaltim Prima Coal and PT Arutmin Indonesia — has said it expected up to a 15 percent increase in production next year from this year, estimated at 74 million tons in mined coal, the post further said.
PT Berau Coal, the country’s fifth largest coal digger, is targeting to mine 25.7 million tons of coal next year, according to the company’s general manager for corporate communication, Singgih Widagdo. The production target will be almost 12 percent growth compared to 23 million tons this year, as quoted by the post.
State-owned PT Bukit Asam has set a production target of 22 million tons next year, increasing by around 22 percent from this year’s output, which is expected to reach 18 million tons, post says.
Indonesian miners growing production will encourage oversupply in the global market, whose demand recovery, particularly in the biggest-consumer China, is not as quick as expected and will unlikely absorb growing supply, analysts have pointed out, the post's today report indicated.
“Low-cost producers maximize production volume. Production will increase further owing to capacity expansions that producers made in 2010-2012,” Moody’s Investors Service said in a report.
Moody’s expects no massive changes in the coal price, and for it to remain flat at around US$80 to $85 per tons for thermal coal and at $150 per ton for coking coal next year.
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Thursday, 09 January 14
CAPESIZE: WEST AUSTRALIA FREIGHT IS NOW DOWN IN THE $8S AND STILL DROPPING - FEARNLEYS
Handy
In the Atlantic we see rates sliding slowly for the start of 2014. Several players cvrd over the holidays and the rate decline was som ...
Thursday, 09 January 14
THE SHIPPING MARKET IN 2013 AND LOOKING FORWARD GLOBAL ECONOMY: STEADY AS SHE GOES UPWARDS - BIMCO
Over the past year, developed economies have gained traction while developing and emerging economies have suffered from slower growth. Despite key e ...
Wednesday, 08 January 14
DRY BULK MARKET PROSPECTS LOOKING BRIGHTER DESPITE SLOW START TO THE NEW YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market's benchmark, the BDI has been on a fall since the start of 2014, ending yesterday's session down to 1,87 ...
Wednesday, 08 January 14
AUSTRALIAN NEWCASTLE PORT'S WEEKLY COAL EXPORTS FALL
COALspot.com: In the week ended January 6, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.27 m ...
Wednesday, 08 January 14
THE DRY BULK MARKET HAS LOST SOME OF ITS STEAM THESE PAST COUPLE OF DAYS: INTERMODAL
Chartering (Wet: Softer- / Dry: Softer- )
The Dry Bulk market has lost some of its steam these past couple of days although hires, espe ...
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Showing 3916 to 3920 news of total 6871 |
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- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Planning Commission, India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- The University of Queensland
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- White Energy Company Limited
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
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