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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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Tuesday, 25 May 10
BUMPER YEAR PREDICTED FOR INDONESIAN COAL - THE JAKARTA GLOBE
The Jakarta globe reported that, In The country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as produ ...
Tuesday, 25 May 10
CHINA'S COAL SHIPMENTS VIA ITS MAIN PORTS RISE BY 13.1 PERCENT IN APRIL
According to the data issued by China's Ministry of Industry and Information on May 21, in April total coal shipments via China's main ports reach ...
Monday, 24 May 10
SAMTAN TO SELL KIDECO TO INDIKA ENERGY?
Insider Stories reported that, Parent company of Indonesia's coal mining contractor PT Petrosea Tbk (PTRO), PT Indika Energy Tbk (INDY) aims to boo ...
Monday, 24 May 10
INDIA'S ESSAR SHIPPING BEGIN COMMERCIAL OPERATIONS OF BULK TERMINAL AT HAZIRA
COALspot.com: Essar Shipping Ports & Logistics Ltd. commences commercial operations of Essar Bulk Terminal at Hazira, one of India's largest dr ...
Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
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- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- The University of Queensland
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Minerals Council of Australia
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
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