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Saturday, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
 Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to import coal by sea from Indonesia than from mines in the interior. The same goes for many Indian consumers. Japan and South Korea, both big importers, are also close—putting Indonesia at the heart of an Asian coal boom.
The majority of electricity in China, India and several other Asian countries comes from burning coal. Demand for the stuff has grown rapidly, along with the region’s economies. It is likely to continue to do so, despite environmental concerns, because coal is abundant and cheap. Last month the International Energy Agency predicted global demand for coal would increase by 1.9% a year until 2015, outpacing all other fossil fuels except natural gas.
Indonesia is the world’s biggest exporter of coal for power plants (Australia ships more of the sort used in steel production). Local mining firms are scrambling to expand; foreign investors are keen to help them. Last year, when coal prices were at their height, several local firms listed on Jakarta’s stockmarket. This year several have issued bonds. In September China Investment Corporation, China’s main sovereign-wealth fund, lent $1.9 billion to Bumi Resources, Indonesia’s biggest coal-mining firm. Recapital, a local investment bank, is seeking to buy Berau Coal, the fifth-biggest local miner. Alex Wood, who runs AWR Lloyd, an energy consultancy, expects more deals as coal-hungry Chinese and Indian firms try to secure supplies.
Indonesia’s production this year is forecast to be around 230m tonnes. Roughly 190m tonnes of that are exported. But Indonesia has coal-fired power stations under construction that will absorb an extra 20m tonnes or so of coal by 2011, points out Adam Worthington, a commodities analyst at Macquarie Securities. The government says it might cap exports at 150m tonnes in future.
Bumi hopes to double its output by 2012 to 100m tonnes. Other local firms also have big expansion plans. But building a new coal mine and the accompanying infrastructure can take years, says Virach Makaranithiroj, director of investor relations for Banpu, a Thai energy company. The precipitous drop in coal prices last year as the world economy swooned has delayed some projects. A controversial new mining law giving the government sweeping powers has also caused jitters.
These obstacles make existing mines all the more valuable. Banpu, which already mines coal in Indonesia and China, is on the lookout for acquisitions. So are lots of other investors, from private-equity funds to oil companies, such as Thailand’s PTT. Chinese firms are among the most eager. This week the Chinese authorities cleared Yanzhou Coal’s $3.3 billion bid for Felix Resources, an Australian coal-mining firm.
Coal is one commodity that China has in spades. It is the world’s biggest producer and was, until recently, a net exporter. But Indonesia’s coal is of better quality. The Chinese government, meanwhile, is shutting down smaller mines. UBS predicts the proportion of global exports going to China will double to 10% by 2012. India’s share is projected to rise from 5% to 8%.
What might slow the black tide? Andreas Bokkenheuser, an analyst at UBS, says little will change until consumers of coal are forced to pay more to pollute, via a carbon tax, for example. He is from Copenhagen, where negotiators are currently struggling to agree on any such system.
Source: Economist
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Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certa ...
Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
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- White Energy Company Limited
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
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