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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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Thursday, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
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- Essar Steel Hazira Ltd - India
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- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
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- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
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- Indian Energy Exchange, India
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- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
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- Tamil Nadu electricity Board
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- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Planning Commission, India
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- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
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- MS Steel International - UAE
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- Electricity Generating Authority of Thailand
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- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
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- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
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- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
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- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Wilmar Investment Holdings
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- White Energy Company Limited
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- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
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- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
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- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
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- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
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- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
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- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
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