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Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
 Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligations. Failure to comply may cost producers half of their output.
“Our company is aiming to supply 20 to 25 percent of domestic demand,” said Sandiaga Uno, director of PT Adaro Energy, the nation’s No. 2 producer. “We hope to supply at least 11 million tons to the market this year.”
The Energy Ministry decree, which went into effect on Jan. 1, requires coal miners to meet domestic demands before exporting their coal. The DMO would be based on projections of domestic needs three months in advance.
The initiative is aimed at securing adequate fuel for the nation’s ongoing fast-track electricity generation program. Producers in the past have been reluctant to reserve output for domestic use because coal fetches higher prices abroad.
Sanctions for not meeting the DMO vary from a written reprimand to a production cut of up to 50 percent for producers the following year. Buyers may also be punished if they fail to fulfill their purchasing commitments, with their orders in the next year being slashed by as much as half.
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“Our company is aiming to supply 20 to 25 % of domestic demand and to be the biggest coal supplier for domestic demand”
- Sandiaga Uno, PT Adaro Energy |
The government expects domestic demand of 75 million tons this year, while total coal production has been estimated at 280 tons.
The Indonesian Coal Producers Assocation (APBI), however, has insisted that the government’s demand forecast was too high and that the domestic market could not absorb that amount.
Sandiaga said Adaro would supply power plants in Java and Bali to meet its obligation. The company’s production rose to 40.59 million tons in 2009 from 38.48 million in 2008.
“Our company aims to be the biggest coal supplier for domestic demand,” Sandiaga said.
State-owned coal miner PT Tambang Batubara Bukit Asam said on Friday that it would allocate 8.6 million tons, or 61 percent of its total production this year, to the domestic market, up from 8.3 million tons last year.
Pri Agung Rakhmanto, an energy analyst at the Reforminer Institute, said the government should also issue a regulation pushing producers to reserve even more coal for the domestic market.
To make the obligation more palatable to miners, Pri suggested that the government raise the price it pays for coal to fall more in line with international prices.
“It’s still a better alternative than the government having to import from overseas with higher price” Pri said.
The National Energy Council, which advises the House of Representatives and the president, is currently considering a proposal to ban exports of coal, perhaps as soon as 2015, saying the nation would be able to absorb all coal production by that time.
Driving calls for the ban is the need for energy security amid diminishing coal reserves. Herman Darnel Ibrahim, a council member representing the mining industry, said the ban was needed because the nation’s remaining coal reserves were estimated to be sufficient for only 20 years.
But Energy Minister Darwin Zahedy Saleh, executive chairman of the council, said the ban would probably not be implemented as long as the country had a stable supply.
According to the Energy Ministry, Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the government’s 230 million ton target.
About 78 percent of the output was exported to buyers in Japan, China, India, Australia and Africa, with the rest sold domestically.
Bambang Setiawan, director general of coal, minerals and geothermal at the ministry, said coal exports in 2009 were worth $14.85 billion.
Source: The Jakarta Globe
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Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...
Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy
The BSI regained positive momentum exactly a week ago and the Atlantic rema ...
Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...
Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...
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- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
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- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
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- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
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- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
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- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
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- Baramulti Group, Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
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- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
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- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
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- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
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- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- The University of Queensland
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
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- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
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