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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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Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
Monday, 17 May 10
INDONESIA SHIPPED 15.51 PERCENT LESS COAL IN APRIL THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23,331,542 MT of coal in April 2010, compare to 27.61 million tons in ...
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- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Australian Coal Association
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
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