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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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Wednesday, 04 December 13
INDONESIAN COAL EXPORTS VOLUME AND REVENUE IN OCTOBER MARCHED TOWARDS NORTH
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $1.76* billion worth of ...
Wednesday, 04 December 13
WEST AUSTRALIA IRON ORE FIXTURES ALSO CONTINUING TO PROVIDE A STEADY FLOW OF BUSINESS FOR CAPES - INTERMODAL
The Dry Bulk market has reversed course this past week, bringing back some of the lost excitement of the past month, as all size segments climbed hi ...
Wednesday, 04 December 13
THE BUYERS' DEMAND IS CONTINUOUSLY BULLISH - KONSTANTINOS KONTOMICHIS
The very low rates that prevailed for the bigger part of 2013 seem to have prepared the ground for buying opportunities for shipping investors. The ...
Wednesday, 04 December 13
SGX AND CFA TO COLLABORATE TO DEVELOP DERIVATIVES MARKETS IN CHINA AND SINGAPORE
Singapore Exchange (SGX) and the China Futures Association (CFA) are cooperating in the development of derivatives markets in China and Singapore.
...
Wednesday, 04 December 13
SGX'S MONTHLY VOLUMES REACHED A RECORD HIGH OF 705,000 MT IN NOVEMBER 2013
COALspot.com: SGX has announced that, it monthly volumes have reached a record high of 705 lots (705,000 mt) in November 2013 with month-end open in ...
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- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- White Energy Company Limited
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
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