COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...


Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...


Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...


Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...


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 ...


   1235 1236 1237 1238 1239   
Showing 6181 to 6185 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Mitsubishi Corporation
  • Binh Thuan Hamico - Vietnam
  • TGV SRAAC LIMITED, India
  • London Commodity Brokers - England
  • Ince & co LLP
  • Thai Mozambique Logistica
  • Bhushan Steel Limited - India
  • Gujarat Sidhee Cement - India
  • Tamil Nadu electricity Board
  • European Bulk Services B.V. - Netherlands
  • Energy Link Ltd, New Zealand
  • Indorama - Singapore
  • Interocean Group of Companies - India
  • BRS Brokers - Singapore
  • Cebu Energy, Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • Bank of China, Malaysia
  • Bharathi Cement Corporation - India
  • Singapore Mercantile Exchange
  • Adaro Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Geoservices-GeoAssay Lab
  • GMR Energy Limited - India
  • Altura Mining Limited, Indonesia
  • BNP Paribas - Singapore
  • SUEK AG - Indonesia
  • CIMB Investment Bank - Malaysia
  • DBS Bank - Singapore
  • Edison Trading Spa - Italy
  • Aditya Birla Group - India
  • Coastal Gujarat Power Limited - India
  • Bulk Trading Sa - Switzerland
  • Inco-Indonesia
  • TANGEDCO India
  • Clarksons - UK
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Bukit Baiduri Energy - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • SASOL - South Africa
  • Kalimantan Lumbung Energi - Indonesia
  • Fearnleys - India
  • Kobe Steel Ltd - Japan
  • Carbofer General Trading SA - India
  • Malco - India
  • World Coal - UK
  • SGS (Thailand) Limited
  • Australian Commodity Traders Exchange
  • Maharashtra Electricity Regulatory Commission - India
  • Reliance Power - India
  • Vizag Seaport Private Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • Platou - Singapore
  • Vale Mozambique
  • Siam City Cement - Thailand
  • UOB Asia (HK) Ltd
  • Qatrana Cement - Jordan
  • Kideco Jaya Agung - Indonesia
  • CNBM International Corporation - China
  • Bangladesh Power Developement Board
  • Rudhra Energy - India
  • Africa Commodities Group - South Africa
  • Petron Corporation, Philippines
  • Deloitte Consulting - India
  • Madhucon Powers Ltd - India
  • PetroVietnam
  • Jindal Steel & Power Ltd - India
  • Lafarge - France
  • Manunggal Multi Energi - Indonesia
  • Sucofindo - Indonesia
  • Xstrata Coal
  • Ministry of Mines - Canada
  • Orica Mining Services - Indonesia
  • Banpu Public Company Limited - Thailand
  • Indian Oil Corporation Limited
  • Indian School of Mines
  • ACC Limited - India
  • Aboitiz Power Corporation - Philippines
  • EMO - The Netherlands
  • Attock Cement Pakistan Limited
  • Panama Canal Authority
  • Freeport Indonesia
  • Coaltrans Conferences
  • Thailand Anthracite
  • IMC Shipping - Singapore
  • Coeclerici Indonesia
  • Borneo Indobara - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Karbindo Abesyapradhi - Indoneisa
  • Coalindo Energy - Indonesia
  • Pinang Coal Indonesia
  • ICICI Bank Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Mercator Lines Limited - India
  • PTC India Limited - India
  • World Bank
  • Kobexindo Tractors - Indoneisa
  • Kapuas Tunggal Persada - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Core Mineral Indonesia
  • Romanian Commodities Exchange
  • Orica Australia Pty. Ltd.
  • GAC Shipping (India) Pvt Ltd
  • Formosa Plastics Group - Taiwan
  • Vedanta Resources Plc - India
  • Idemitsu - Japan
  • Runge Indonesia
  • Peabody Energy - USA
  • Shree Cement - India
  • Total Coal South Africa
  • Savvy Resources Ltd - HongKong
  • Gupta Coal India Ltd
  • Meralco Power Generation, Philippines
  • GHCL Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • Independent Power Producers Association of India
  • Barasentosa Lestari - Indonesia
  • Credit Suisse - India
  • Jaiprakash Power Ventures ltd
  • Uttam Galva Steels Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Bhoruka Overseas - Indonesia
  • Therma Luzon, Inc, Philippines
  • Jatenergy - Australia
  • Georgia Ports Authority, United States
  • Cargill India Pvt Ltd
  • Infraline Energy - India
  • Planning Commission, India
  • JPMorgan - India
  • New Zealand Coal & Carbon
  • Essar Steel Hazira Ltd - India
  • Sindya Power Generating Company Private Ltd
  • IEA Clean Coal Centre - UK
  • Rashtriya Ispat Nigam Limited - India
  • Inspectorate - India
  • Anglo American - United Kingdom
  • Petrochimia International Co. Ltd.- Taiwan
  • Thriveni
  • Marubeni Corporation - India
  • Metalloyd Limited - United Kingdom
  • Dalmia Cement Bharat India
  • Sree Jayajothi Cements Limited - India
  • The University of Queensland
  • Makarim & Taira - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Cemex - Philippines
  • Noble Europe Ltd - UK
  • Price Waterhouse Coopers - Russia
  • Oldendorff Carriers - Singapore
  • Kartika Selabumi Mining - Indonesia
  • CCIC - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • CESC Limited - India
  • Iligan Light & Power Inc, Philippines
  • Tata Power - India
  • Power Finance Corporation Ltd., India
  • Ministry of Finance - Indonesia
  • OCBC - Singapore
  • Bukit Asam (Persero) Tbk - Indonesia
  • UBS Singapore
  • Arch Coal - USA
  • Coal Orbis AG
  • MS Steel International - UAE
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Malabar Cements Ltd - India
  • ETA - Dubai
  • Bangkok Bank PCL
  • Holcim Trading Pte Ltd - Singapore
  • Thomson Reuters GRC
  • ANZ Bank - Australia
  • GVK Power & Infra Limited - India
  • Enel Italy
  • Sojitz Corporation - Japan
  • Videocon Industries ltd - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Gresik Semen - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Surastha Cement
  • Vitol - Bahrain
  • WorleyParsons
  • Timah Investasi Mineral - Indoneisa
  • Central Electricity Authority - India
  • VISA Power Limited - India
  • Goldman Sachs - Singapore
  • Rio Tinto Coal - Australia
  • Sakthi Sugars Limited - India
  • Intertek Mineral Services - Indonesia
  • Posco Energy - South Korea
  • Indogreen Group - Indonesia
  • Larsen & Toubro Limited - India
  • PLN - Indonesia
  • Parliament of New Zealand
  • SN Aboitiz Power Inc, Philippines
  • Asian Development Bank
  • Wood Mackenzie - Singapore
  • The State Trading Corporation of India Ltd
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • NALCO India
  • Star Paper Mills Limited - India
  • McConnell Dowell - Australia
  • South Luzon Thermal Energy Corporation
  • Parry Sugars Refinery, India
  • Cosco
  • Maersk Broker
  • Ind-Barath Power Infra Limited - India
  • Barclays Capital - USA
  • Argus Media - Singapore
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Indian Energy Exchange, India
  • Shenhua Group - China
  • SMG Consultants - Indonesia
  • Standard Chartered Bank - UAE
  • Cement Manufacturers Association - India
  • AsiaOL BioFuels Corp., Philippines
  • Karaikal Port Pvt Ltd - India
  • Japan Coal Energy Center
  • The India Cements Ltd
  • Economic Council, Georgia
  • Lanco Infratech Ltd - India
  • ASAPP Information Group - India
  • Mjunction Services Limited - India
  • J M Baxi & Co - India
  • Maruti Cements - India
  • Coal India Limited
  • Coal and Oil Company - UAE
  • Kepco SPC Power Corporation, Philippines
  • JPower - Japan
  • Directorate Of Revenue Intelligence - India
  • Electricity Authority, New Zealand
  • Global Coal Blending Company Limited - Australia
  • The Treasury - Australian Government
  • Indonesian Coal Mining Association
  • Permata Bank - Indonesia
  • McKinsey & Co - India
  • Platts
  • Minerals Council of Australia
  • Asmin Koalindo Tuhup - Indonesia
  • TNPL - India
  • Agrawal Coal Company - India
  • Alfred C Toepfer International GmbH - Germany
  • IHS Mccloskey Coal Group - USA
  • PowerSource Philippines DevCo
  • Electricity Generating Authority of Thailand
  • OPG Power Generation Pvt Ltd - India
  • Mechel - Russia
  • Global Green Power PLC Corporation, Philippines
  • PNOC Exploration Corporation - Philippines
  • Deutsche Bank - India
  • Arutmin Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Antam Resourcindo - Indonesia
  • Tanito Harum - Indonesia
  • GB Group - China
  • Adani Power Ltd - India
  • Siam City Cement PLC, Thailand
  • PLN Batubara - Indonesia
  • Wilmar Investment Holdings
  • Indo Tambangraya Megah - Indonesia
  • Ministry of Transport, Egypt
  • Heidelberg Cement - Germany
  • Neyveli Lignite Corporation Ltd, - India
  • Bukit Makmur.PT - Indonesia
  • Grasim Industreis Ltd - India
  • Glencore India Pvt. Ltd
  • KEPCO - South Korea
  • U S Energy Resources
  • Krishnapatnam Port Company Ltd. - India
  • Berau Coal - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Samtan Co., Ltd - South Korea
  • Medco Energi Mining Internasional
  • Mitra SK Pvt Ltd - India
  • India Bulls Power Limited - India
  • Maybank - Singapore
  • Eastern Energy - Thailand
  • Riau Bara Harum - Indonesia
  • Moodys - Singapore
  • Russian Coal LLC
  • Miang Besar Coal Terminal - Indonesia
  • Kumho Petrochemical, South Korea
  • Indonesia Power. PT
  • Maheswari Brothers Coal Limited - India
  • LBH Netherlands Bv - Netherlands
  • Energy Development Corp, Philippines
  • ING Bank NV - Singapore
  • Thiess Contractors Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Simpson Spence & Young - Indonesia
  • Renaissance Capital - South Africa
  • IOL Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Thermax Limited - India
  • White Energy Company Limited
  • Asia Cement - Taiwan
  • HSBC - Hong Kong
  • Sical Logistics Limited - India
  • KOWEPO - South Korea
  • Petrosea - Indonesia
  • Latin American Coal - Colombia
  • San Jose City I Power Corp, Philippines
  • Global Business Power Corporation, Philippines
  • MEC Coal - Indonesia
  • KPMG - USA
  • Mitsui
  • KPCL - India
  • Bhatia International Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • SRK Consulting
  • Indika Energy - Indonesia
  • Port Waratah Coal Services - Australia
  • Bank of America
  • Ambuja Cements Ltd - India
  • Ernst & Young Pvt. Ltd.
  • Kaltim Prima Coal - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Humpuss - Indonesia
  • Cardiff University - UK
  • bp singapore
  • Central Java Power - Indonesia
  • Meenaskhi Energy Private Limited - India
  • International Coal Ventures Pvt Ltd - India
  • NTPC Limited - India
  • EIA - United States
  • Merrill Lynch Commodities Europe
  • Toyota Tsusho Corporation, Japan
  • Samsung - South Korea
  • GNFC Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • Mercuria Energy - Indonesia
  • globalCOAL - UK
  • Australian Coal Association
  • Mintek Dendrill Indonesia
  • Tata Chemicals Ltd - India
  • Bayan Resources Tbk. - Indonesia
  • CoalTek, United States
  • Salva Resources Pvt Ltd - India
  • TeaM Sual Corporation - Philippines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • TRAFIGURA, South Korea
  • Straits Asia Resources Limited - Singapore
  • Britmindo - Indonesia
  • RBS Sempra - UK
  • Vijayanagar Sugar Pvt Ltd - India
  • Trasteel International SA, Italy
  • Merrill Lynch Bank
  • APGENCO India
  • Eastern Coal Council - USA
  • Chamber of Mines of South Africa
  • Xindia Steels Limited - India
  • Pendopo Energi Batubara - Indonesia
  • SMC Global Power, Philippines
  • Commonwealth Bank - Australia
  • Semirara Mining Corp, Philippines
  • Baramulti Group, Indonesia
  • IBC Asia (S) Pte Ltd