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Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of importing the commodity from that country to meet rising demand as economic growth boosts power consumption.
The two countries will form a joint working group to explore the possiblity of buying more coal from the southeast Asian nation and to set up ventures with local companies there, Purnomo Yusgiantoro, minister of energy and mineral resources told reporters after a meeting with Sriprakash Jaiswal, India's coal minister.
India's coal demand for the financial year ending March may rise 10% from a year earlier to 604 million metric tons, according to government forecasts. About 70 million tons of the total will be met through imports - nearly doubling in five years. The nation has been scouting for assets in Indonesia, Australia and Mozambique as the government's plan to double generation capacity boosts requirement.
Indonesia has a large "quantity of coal property and we are in need of coal," Mr. Jaiswal said.
Indonesia expects to produce between 230 million and 250 million tons of coal in 2009, Mr. Yusgiantoro said.
"We will increase it by 20 million tons to 30 million tons per year up to the level that it can be massively exported," Mr. Yusgiantoro said. Currently, Indonesia uses 40% of its output locally and exports the rest.
Indonesia has started trial runs of the second train at its Tangguh liquefied natural gas plant and expects to finish repair work at the first by the second week of October, Mr. Yusgiantoro said.
The Tangguh LNG plant, which is located in West Papua province and has two processing trains, was shut shortly after commissioning in July due to a technical glitch.
The Tangguh LNG plant is owned by a consortium led by Anglo-Dutch oil major BP PLC.
Due to the economic crisis, LNG offtake by traditional buyers - Korea, Japan and Taiwan - has been hit and Indonesia will hold talks with India's Oil Minister Murli Deora on long-term supply contracts, Mr. Yusgiantoro said.
Source: Online WSJ
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Saturday, 05 September 09
INDIA BUYING INTO AUSTRALIA'S COAL - INTERVIEW
India is in line to buy vast amounts of Australian coal. An Indian cabinet minister is on a special mission to Australia to help satisfy India's ur ...
Saturday, 05 September 09
52 COMPANIES SUBMIT EOIS TO COAL INDIA
The Hindu, India's largest English news paper reported that, International mining majors from the U.S., South Africa, Australia and Indonesia are a ...
Friday, 04 September 09
INDONESIA PAITON ENERGY BUYS COAL FROM ADARO, KIDECO
PT Paiton Energy, an Indonesian independent power producer, has agreed to buy 3 million tonnes of coal from PT Adaro Energy Tbk (ADRO.JK) and PT Kid ...
Thursday, 03 September 09
ICVL IN TALKS FOR COAL BLOCKS IN INDONESIA
These acquisitions will help ICVL meet an internal target of importing at least 5 million tonnes (mt) of coking coal by 2012-13
LiveMint reported ...
Tuesday, 01 September 09
THREE COAL INVESTMENTS AND A SECTOR ON FIRE
With recession fears fading into the past in Asia and growth increasingly back on track in the West, global energy demand is again surging. It's no ...
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- Sakthi Sugars Limited - India
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- Minerals Council of Australia
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- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
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- White Energy Company Limited
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- Rashtriya Ispat Nigam Limited - India
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- Parliament of New Zealand
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- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
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- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
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- Semirara Mining and Power Corporation, Philippines
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- Indonesian Coal Mining Association
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- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
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- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
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- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
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- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
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- MS Steel International - UAE
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
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- Larsen & Toubro Limited - India
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- Romanian Commodities Exchange
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- GMR Energy Limited - India
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- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
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- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Siam City Cement - Thailand
- Agrawal Coal Company - India
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- Chamber of Mines of South Africa
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- SMC Global Power, Philippines
- Ministry of Transport, Egypt
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- GAC Shipping (India) Pvt Ltd
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- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
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- Energy Link Ltd, New Zealand
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