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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 $14.85 billion.
Source: The Jakarta Globe
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Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Parliament of New Zealand
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
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