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Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
 The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 percent from the 300 million tons extracted last year.
Bob Kamandanu, chairman on Indonesian Coal Mining Association (APBI) said in Jakarta on Monday the rise in production would be partly due to rising demand from India and China
“The coal market is very bullish at the moment. Demand is rising everywhere, especially in China and India,” Bob said.
He estimated the coal demand in the international market would continue to increase for at least the next five years, and that the surging demand would encourage the miners to boost their production.
“They will move on with exploration and exploitation. They will also seek for ‘unorganic’ growth through acquisition,” he said.
Bob added that as much as 59 million tons coal had been produced as of February this year.
“Therefore, the figure of 320 million is very much achievable,” he said.
Indonesian coal production stood at 238 million tons in 2008.
Of the 320 million tons estimated to be produced this year, Bob said the producers were required to allocate as much as 30 percent of their production for the domestic market to comply with the domestic market obligations (DMO) imposed by the government.
Bob said the percentage of production allocated to DMO was too high and would result in a glut in the domestic market.
“With a DMO of 30 percent, the coal supply for domestic market will reach around 90 million tons this year, while the actual domestic consumption is only at about 60 million tones. This means there is an oversupply by about 30 million tons,” Bob said.
The domestic demand for coal is increasing as state power firm PT PLN begins to begin operations at several new coal-fired power plants. The domestic coal demand rose to 56 million tons in 2009 from 41 million tons in 2004.
Coal and other mining commodities have been important sources for the state budget. The sector contributed as much as Rp 15 trillion in non-tax revenues last year and is expected to contribute the same amount this year.
Director general for minerals, coal and geothermal Bambang Setiawan said the government was preparing the sector to adopt the Extractive Industries Transparency Initiative (EITI), a global initiative obliging oil, gas, and mining companies to reveal what they pay and, as for the government, to disclose what they receive.
“This will reduce pressure on the mining industry, because the public can see directly what the companies have done and make fair judgment afterward,” he said.
Bob said companies would prefer the required information compiled by the initiative to be published through the government instead of through the companies.
EITI requires both the companies to publish what they have paid to the government and the government to disclose their revenue from the companies. The dual publication is expected to create transparency in the industry.
Source: The Jakarta Post ( By - Alfian)
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Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
Thursday, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
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- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Planning Commission, India
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
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