We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
"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
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certa ...
Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
|
|
|
Showing 6001 to 6005 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- CNBM International Corporation - China
- PTC India Limited - India
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
|
| |
| |
|
