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Thursday, 18 December 14
INDONESIA TO REVISE UP COAL OUTPUT TARGET TO 460 MILLION TONS IN 2015
 COALspot.com: Indonesian government has revised up its next year coal output forecast to 460 million tons from its previous forecast of 421 million tons instead of revised down of its owned declared coal price reference in this month. The Indonesian coal price reference, known as HBA, stood at US$64.65 per ton in December, a 21 percent drop compared to the $81.9 per ton in January.
According to Jakarta post reports, the Energy and Mineral Resources Ministry’s mineral and coal director general, said the coal output target for next year will be 460 million tons with 110 million tons to be allocated for domestic market obligations and the remaining 350 million tons would be for export. The government says it is expecting to see higher coal production next year with the hope it will get more income to offset the continuing decline in global prices.
The output target represents an increase of about 9.5 percent from the maximum output of 421 million tons previously expected for this year, the Jakarta Post further said.
Early this month, the Indonesian Coal Mining Association (APBI), has called on the country’s miners to cut production by 100 million tonnes next year, from over 400 million tonnes of coal estimated for this year in a bid to boost slumping coal prices.
Previously, or until this new development, the government has been also trying to limit coal production to between below 421 million tons — the same level as last year’s production — as part of an attempt to save the resource for future use as well as avoid pressure on coal prices.
However, the government of Indonesia now revised up its target to produce more coal for more income. With higher coal output in 2015, as quoted by media, the mineral and coal office is expecting income from the sector to increase by Rp 10 trillion (approximately $ 787,004,471). The target will increase contributions from the mineral and coal sector to go above the 2015 state budget of Rp 40.6 trillion (approximately $ 3,194,869,995) and the government believes that, the higher contributions from the higher production volumes is seen as necessary to offset the decline in coal prices.
As quoted by the Jakarta post, coal has become a significant contributor to state revenues. Under this year’s state budget, contributions from the mineral and coal sector are targeted to reach Rp 39.67 trillion (approximately $ 3,133,429,441), of which around 70 percent is expected from coal.
The realization of the contribution is expected to be only around Rp 34 trillion (approximately $ 2,686,462,207), according to the mineral and coal office’s secretary Paul Lubis. As of the end of November, the sector collected Rp 30.51 trillion (approximately $ 2,409,341,707) for the state, the paper further said.
The low realization was partly because the country implemented a ban on the export of mineral ores starting on Jan. 12, the paper further reported.
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Friday, 19 December 14
HOW WILL LOWER BUNKER PRICES AFFECT THE SUBSTANTIAL OVERCAPACITY IN DRY BULK MARKET? - BIMCO
As bunker fuel costs have come down from USD 600 per tonnes to USD 330 per tonnes in the past 6 months, much talk about increased ship speed have s ...
Friday, 19 December 14
U.S WEEKLY COAL PRODUCTION REACHED APPROXIMATELY 19.8 MMST; UP 1.0% WOW
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.8 million short tons (mmst) of coal ...
Friday, 19 December 14
HANDY: SOFTER TONE; PANAMAX: QUIET WEEK; CAPESIZE; PAINFUL WEEK
Handy
A softer tone for rates and volumes for the Supras, perhaps less apparent in the Pacific the last week before the season holidays and good ...
Wednesday, 17 December 14
CAPES RATES SLIPPED BELOW $5,600/DAY, FELL 84% YOY
COALspot.com: In the very rare occurrence when the BCI stands below the BDI, words to describe market sentiment are probably poor, said Intermodal ...
Wednesday, 17 December 14
MARKET INSIGHT - INTERMODAL SHANGHAI, SNP TEAM
As the end of the fourth quarter is approaching, we are all witness to the second hand market prices softening day by day. Any new deal surfacing t ...
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- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Australian Coal Association
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
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