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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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Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
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- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
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