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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, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based d ...
Monday, 07 December 09
HOW INDIA CAN CUT ITS ENERGY NEEDS BY 20%!
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Pa ...
Monday, 07 December 09
ASIA COAL POWER IN INDONESIA DISCUSSES NEW MINING LAW, COAL AND POWER SECTORS AS INVESTMENTS POUR INTO COALMINES TO SECURE SUPPLIES
COALspot.com (Singaproe): Press Release - Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia's coal ...
Monday, 07 December 09
DRY BULK RATES' VOLATILITY TO STAY, BUT RECOVERY IS UNDERWAY SAYS ION VAROUXAKIS HEAD OF FREESEAS
In an interview with Hellenic Shipping News, Mr. Ion G. Varouxakis, Chairman of the Board, President and CEO of Nasdaq-listed Freeseas, explains why ...
Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- PTC India Limited - India
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
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