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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, 03 June 10
INDO GOVERNMENT TRIES TO CALM BUSINESSES FEARS OVER FOREST - CLEARING MORATORIUM
The Jakarta Globe reported that, as producers of coal and palm oil continued to howl, the government on Tuesday offered reassurances that the develo ...
Thursday, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw mater ...
Wednesday, 02 June 10
SRI LANKA TESTS 1ST COAL POWER PLANT IN SEPT.
Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by Janu ...
Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed ...
Wednesday, 02 June 10
KIDECO TO PRODUCE 29.5 MILLION TONS OF COAL IN 2010
COALspot.com: Kideco to produce 29.5 million tons of coal in 2010 up 4.8 million or about 19 percent up from 2009 production. Kideco produced 24.7 m ...
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- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
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