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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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- Indo Tambangraya Megah - Indonesia
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- Mintek Dendrill Indonesia
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- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Xindia Steels Limited - India
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- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
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- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
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- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Australian Coal Association
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- Tata Chemicals Ltd - India
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- Billiton Holdings Pty Ltd - Australia
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- Parliament of New Zealand
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- Independent Power Producers Association of India
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- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
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- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- PTC India Limited - India
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
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- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
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- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Planning Commission, India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
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- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
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- Karaikal Port Pvt Ltd - India
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- Electricity Authority, New Zealand
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- The State Trading Corporation of India Ltd
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- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
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- Bhatia International Limited - India
- Ministry of Finance - Indonesia
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- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
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- Bayan Resources Tbk. - Indonesia
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- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
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- Essar Steel Hazira Ltd - India
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- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
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- Ministry of Mines - Canada
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- Meralco Power Generation, Philippines
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- Directorate Of Revenue Intelligence - India
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- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
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- GVK Power & Infra Limited - India
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- Larsen & Toubro Limited - India
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