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Thursday, 03 December 09
INDONESIA SEEKS TO INCREASE COAL SHIPMENTS TO INDIA, CHINA
Bloomberg reproted that, Indonesia, Asia’s biggest coal exporter, seeks to increase shipments to India and China as the economies improve and consumption rises.
“We’ll see demand from India increase as their power plants start operating,” Herlan Siagian, general manager for marketing at PT Bumi Resources, Indonesia’s biggest coal producer, said on the sidelines of a McCloskey Group Ltd. industry conference in Bali.
Chinese coal imports may exceed 100 million metric tons this year and rise to 200 million tons annually over the next several years, JPMorgan said in a report on Nov. 13. Coal imports by India may increase to 81 million tons in the year ending March 2012 from 70 million tons in the year ending March 2010, Indian coal minister Sriprakash Jaiswal said last month.
PT Berau Coal, Indonesia’s fifth-largest coal producer, expects sales to India to rise to 3 million tons next year from 2 million tons this year, while shipments to China may double to 4 million tons, said Eko Natalina, Berau’s general manager for marketing and sales. South Korean consumers may buy 3.5 million tons from the company next year, compared with 3 million tons this year, he said.
PT Kideco Jaya Agung, partly owned by PT Indika Energy, expects shipments to India to gain by as much as 2 million tons to 6 million tons next year, while shipments to China may increase to 2 million tons next year from 1 million tons in 2009. Sales to South Korea next year may be little changed from this year’s 3.5 million tons, he said.
“With the global economy recovering, demand of coal from China and India will increase,” C.H. Richard Lee, Kideco’s managing director, said in Bali.
Bumi Resources said in October that the company plans to increase sales to China and India by 2012 when Indonesia boosts annual production to 100 million tons from 53 million last year. It may supply 20 percent of its output to each of the two countries, Dileep Srivastava, Bumi’s head of investor relations, said then.
Source: Bloomberg
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Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...
Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
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- Rio Tinto Coal - Australia
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- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
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- Ministry of Transport, Egypt
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- Essar Steel Hazira Ltd - India
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- Commonwealth Bank - Australia
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- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
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- Formosa Plastics Group - Taiwan
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- Ministry of Finance - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
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- Singapore Mercantile Exchange
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- Planning Commission, India
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- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
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- Meralco Power Generation, Philippines
- Economic Council, Georgia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
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- Australian Coal Association
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- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Parliament of New Zealand
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- Therma Luzon, Inc, Philippines
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- IHS Mccloskey Coal Group - USA
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- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
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- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
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- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
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- Mintek Dendrill Indonesia
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- Tata Chemicals Ltd - India
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- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
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- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
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- White Energy Company Limited
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- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
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- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
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- Alfred C Toepfer International GmbH - Germany
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- The State Trading Corporation of India Ltd
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- ICICI Bank Limited - India
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- Directorate Of Revenue Intelligence - India
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- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
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- The University of Queensland
- LBH Netherlands Bv - Netherlands
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- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
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- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
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- Wilmar Investment Holdings
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- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
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