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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 $150 per ton for coking coal next year.
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Friday, 06 December 13
INDONESIAN PARLIAMENT REJECTED A GOVERNMENT PROPOSAL TO EASE THE BAN ON EXPORTING UNPROCESSED ORE
COALspot.com: Indonesian House of Representatives rejected a proposal from Energy and Mineral Resources Minister Jero Wacik on to ease the ban on ex ...
Friday, 06 December 13
THE MINISTRY OF ENERGY & MINERAL RESOURCES OF INDONESIA FIXED DEC'13 HBA AT US$ 80.31
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 2.18 / MT ...
Friday, 06 December 13
US PRODUCED APPROXIMATELY 82.8 MILLION SHORT TONS OF COAL IN NOVEMBER 2013
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.00 million short tons (mmst) of coal in ...
Friday, 06 December 13
PANAMAXES HAVE BEEN THE ' WEAPON OF CHOICE' BY MOST DRY BULK SHIP OWNERS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Low ship prices, the direct consequence of subdued freight rates for the larger part of 2013 have been the main driving force behind this year's ag ...
Thursday, 05 December 13
PANAMAX : THE FIRM TENDENCY CONTINUES - FEARNRESEARCH
Handy
It has been an active week for the Supramax and Handysize segment. USG is almost boiling and charterers looking to cover their December stems ...
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- White Energy Company Limited
- Economic Council, Georgia
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
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