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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 $3.3 billion bid for Felix Resources, an Australian coal-mining firm.
Coal is one commodity that China has in spades. It is the world’s biggest producer and was, until recently, a net exporter. But Indonesia’s coal is of better quality. The Chinese government, meanwhile, is shutting down smaller mines. UBS predicts the proportion of global exports going to China will double to 10% by 2012. India’s share is projected to rise from 5% to 8%.
What might slow the black tide? Andreas Bokkenheuser, an analyst at UBS, says little will change until consumers of coal are forced to pay more to pollute, via a carbon tax, for example. He is from Copenhagen, where negotiators are currently struggling to agree on any such system.
Source: Economist
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Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
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- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- The University of Queensland
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- PTC India Limited - India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
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