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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, 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 ...
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- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Parliament of New Zealand
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Minerals Council of Australia
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