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Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
 Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop its exports in order to help strengthen the country`s energy resilience.
As it is now carrying out its second coal-fired 10,000 MW power crash program, Indonesia, with coal reserves estimated at 4,328 million tons, will need to save its coal as an energy source to meet future needs.
A recommendation to that effect is now being formulated by the National Energy Board (DEN), and will later be submitted to the government. According to DEN member Rinaldi Dalimi, during a meeting with Commission VII of the House of Representatives recently, Indonesia should save its coal as an energy reserve to meet future needs.
"Up till now, DEN members are still discussing a strategy to keep coal to ourselves and the benefits to be derived by such a policy. The finalized recommendation is expected to be presented to the government in February 2010," he said.
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"The coal price 30 years from now will surely be much higher. DEN’s recommendation is expected to be presented to the government in February 2010 "
- National Energy Board
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Rinaldi argued that keeping coal as a future energy source would give maximum benefit to Indonesia since the product`s price was expected to rise in the years ahead. In addition, the present coal production of 250 million tons per year would only reach its break-even point in the next 20 to 30 years.
"The coal price 30 years from now will surely be much higher, " he said adding that stopping coal exports would also better ensure the fulfillment of future domestic needs.
DEN is an institution tasked to draw up formulas for national energy policies. It is chaired by President Susilo Bambang Yudhoyono with the vice president as vice chairman, and the energy and natural resources minister as executive chairman.
Indonesia has of late been experiencing power shortages that forced state electricity company PLN to impose rotating blackouts in the country`s major cities. The power crisis is expected to be overcome after the completion of the second phase of the government`s 10,000-MW power generation program.
Legislator Sutan Bhatoegana some time ago said the government had guaranteed that coal producers at home would increase their production from 230 million tons per annum to 280 million tons in order to help meet the domestic need for coal.
According to the Association of Indonesian Coal Mining Companies (APBI), Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons.
APBI`s chief public relations officer, Herman Heru Suprob, said on Wednesday the 2010 target was higher than last year`s which reached 254 million metric tons of which 85 percent was contributed by APBI members.
"If all goes well, we believe production in 2010 will reach 275 million to 280 million metric tons," he said.
Herman admitted the industry had had to deal with various problems in 2009 so that it was unable to reach its production target and even produced 20 percent less than the year before. One of the problems, he said, was licensing, particularly for mining in forested areas, a process that could take between six and 12 months to complete.
He said this had happened because of lack of coordination between the central administration, in this case the energy and mineral resources ministry and regional administrations as well as between provincial and district administrations. "The industry would suffer if they would go by themselves and become egocentric," he said.
According to a 2008 statistical energy survey, as quoted by the MBendi Information Services portal, Indonesia has coal reserves of 4,328 million ton. Indonesia is one of the leading exporters of sub-bituminous coal which represents the bulk of Indonesian coal production.
Based on the survey, Indonesia has coal production of 174.83 million tons in 2007, and consumption of 27.8 million tons oil equivalent. Most of Indonesia`s coal reserves are situated in the southern parts of Sumatra with the balance located in Kalimantan, West Java, and Sulawesi.
State-owned PT Tambang Bukit Asam (PTBA) is one of the five largest coal producers in Indonesia. In the past several years, almost a quarter (22 percent) of its production was exported to international markets, including Japan, Taiwan, Malaysia, Pakistan, Spain, France and Germany. The company has mineable reserves of approximately 7.3 billion tons or 17 percent of the total coal reserves in Indonesia.
For this year, PTBA has set itself the target of producing 14 million tons of coal and a sales turnover of Rp8.9 trillion. Of the sales turnover, Rp6 trillion was expected to come from exports and the rest from domestic coal sales.
At the same time, the volume of PTBA coal sales is projected at 12.224 million tons of which 4.46 million tons would be exported and 7.764 million tons sold at home.
The state-owned coal mining firm has also set aside Rp1.5 trillion to acquire other coal mining ventures in 2010. According to its President Director Sukrisno, PTBA is exploring the possibility of acquiring coal mining companies in Kalimantan while developing its existing coal mining operations.
Ar present PTBA was making a bid to acquire a "greenfield" mining concession (KP) in Kalimantan. "We are also interested in taking over mining ventures overseas such as in Australia and Africa," he added.
PTBA has been intensively looking for coal mining ventures at home it could acquire but would not yet do the same abroad in 2010. "Acquisitions overseas are included in our medium- and long-term plans," he said.
Source: Antara
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Wednesday, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...
Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
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- Gujarat Mineral Development Corp Ltd - India
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- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Minerals Council of Australia
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
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- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
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- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
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