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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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Friday, 13 December 13
DRY BULK SHIPPING TO WITNESS HEALTHY DEMAND MOVING FORWARD - ICS
The Institute of Chartered Shipbrokers Greek Branch organised its 9th Annual Forum at Eugenides Foundation, on Wednesday, 11th of December, with a r ...
Friday, 13 December 13
US PRODUCED APPROXIMATELY 18.4 MILLION SHORT TONS OF COAL W/E 7 DECEMBER 2013
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.4 million short tons (mmst) of coal in ...
Thursday, 12 December 13
GREAT EXPECTATIONS SANCTIONED - EVA TZIMA
News that sanctions on Iranian oil exports could be lifted sometime in the following months have shaken the markets recently. One of the world&rsquo ...
Thursday, 12 December 13
DRY BULK MARKET RATES FOR CAPESIZES TO REMAIN VOLATILE SAYS BIMCO
The dry bulk market has reached multi year highs this week, as the BDI is standing at the 2,300-point mark. In its analysis of the market, BIMCO pre ...
Wednesday, 11 December 13
THE INDONESIAN GOVERNMENT IS CONSIDERING SETTING A REGULATION ON THE MINIMUM PURITY TO REGULATE UNPROCESSED ORE BAN
COALspot.com: Energy and Mineral Resources Minister Jero Wacik recently proposed to house those mining (mineral) companies that had shown a commitme ...
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- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- MS Steel International - UAE
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
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