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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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Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
Thursday, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
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- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Planning Commission, India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
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