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Wednesday, 10 June 15
WORLD COAL MARKET HEADING TO NEW EQUILIBRIUM: MINISTER - JAKARTA POST
 Energy and Mineral Resources Minister Sudirman Said has said the world’s coal market is heading towards a new balance, which will make Indonesia’s national coal industry more efficient.
"Declines in coal prices during the last several years have pushed markets to normalization because what previously occurred were abnormal profits,” he said as quoted by Antara news agency during the 21st Coaltrans Asia conference in Nusa Dua, Bali, on Monday.
Sudirman said coal prices, which had skyrocketed to above US$100 per ton, had led many industrial players to get large profits. However, the large profits they obtained in a short time had led to bad behavior from coal businesspeople or government officials.
“It has been proven that this condition has led to environmental destruction and corrupt practices in many regions across the country,” said the minister.
He said the current low coal price, around $64 per ton, would force coal producers to carry out internal consolidation.
“This will be a good situation to ‘educate’ companies to be more efficient, adhere to the law and be more committed to carrying out everything with scientific approaches,” said Sudirman.
He said it was proven that with the consolidation, national coal producers could survive. Even if the coal price was low, national coal production continued to increase.
“This shows that a low price does not affect the selling of coal,” he said.
In 2014, the realized non-tax revenues (PNBP) from coal accounted for 81 percent of total realized PNBP from the coal and mineral resources sub-sector, which reached Rp 32.3 trillion ($2.4 billion).
Sudirman said he was optimistic that consolidation efforts would push the development of the domestic coal market, which was in line with the government’s policy of adding power plants with a capacity of 35,000 megawatts.
“Around 60 percent of the additional electricity capacity will be supplied by coal-powered plants,” he said.
The minister said it was hoped that the policy would increase the domestic coal market from between 80-90 million tons to 250 million tons in 2019. (ebf)
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Friday, 22 May 15
U.S WEEKLY COAL PRODUCTION STAYS FLAT AT 16 MMST
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 16.0 million short ...
Thursday, 21 May 15
PORT OF NEWCASTLE ACHIEVED ITS BEST EVER TOTAL COAL EXPORT TURNOVER OF 159 MILLION TONS IN 2014
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $900 million ...
Thursday, 21 May 15
ATLANTIC PANAMAX MARKET STARTED TO IMPROVE SLOWLY - INTERMODAL
COALspot.com: The Dry Bulk market closed off the week on the green last week, purely on the back of improved Capesize performance, while the rest o ...
Wednesday, 20 May 15
LOWER PRICES SEEN IN NEWBUILDING MARKET ON LOW DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Cash-rich ship owners, or at least, owners with substantial access to financing will be among the prime candidates, who will reap the benefits of t ...
Wednesday, 20 May 15
TANKER MARKET INSIGHT - JOHN N. COTZIAS
Since Early October 2014 the tanker market has been experiencing a very positive momentum and has continued its strong performance so far in 2015. ...
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- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Central Electricity Authority - India
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- The University of Queensland
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
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