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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, 24 October 09
ADANI, MMTC IN RACE TO SUPPLY COAL TO GSECL
Business-Standard reported that, as many as five companies are in fray to supply 15 lakh (1.5 million) metric tonnes of non-coking steam (ther ...
Saturday, 24 October 09
INDONESIA STATE POWER FIRM PLANS TO DELAY COAL SUPPLIES
Indonesia's state-controlled electricity company is negotiating with two coal producing firms to delay plans to supply coal to a power plant in Wes ...
Friday, 23 October 09
MONGOLIA LISTS 8 POTENTIAL BIDDERS FOR COAL PROJECT
Reuters reported that, Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzor ...
Friday, 23 October 09
2010 WILL BE 'BRIDGE YEAR' FOR COAL - CONSOL CHIEF
Mining Weekly reported that, After a difficult 2009, 2010 will likely be a “bridge” year for the US coal industry, followed by improved ...
Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
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- Anglo American - United Kingdom
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Economic Council, Georgia
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
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