We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
Thursday, 19 November 09
FAST-TRACK FOCUS ON COAL POWER MAY COST INDONESIA BILLIONS
The Jakartaglobe reported that, As it begins to tap its massive coal reserves to generate cheap electricity, Indonesia may face additional costs of ...
Wednesday, 18 November 09
THAI PTT PLANS COAL MINE INVESTMENT IN INDONESIA
* To conclude Indonesian coal mine buy in 6 months
* Sees coal output jumping to 20 mln tonnes in five years
Reuters reported that, PTT , ...
Wednesday, 18 November 09
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT
“Building Asia’s Infrastructure”
COALspot.com (Indonesia) Press Release: Infrastructure Asia 2010 is Asia’s premier infra ...
Wednesday, 18 November 09
AMBUJA COAL TENDER PRICES EQUATE TO $61.50/T FOB
Reuters reported that, coal prices achieved by Indian cement maker Gujarat Ambuja in its early November tender equate to $61.50 a tonne FOB Richards ...
Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...
|
|
|
Showing 6241 to 6245 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- The University of Queensland
- Economic Council, Georgia
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Deloitte Consulting - India
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
|
| |
| |
|
