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Saturday, 19 June 10
STRONG DEMAND, RISING PRODUCTION SETTING SCENE FOR COAL BONANZA - THE JAKARTA GLOBE
 The Jakarta globe rerported that, As the nation’s coal miners enjoy burgeoning demand from energy-hungry economies such as China and India, the industry is upbeat that it can continue to boost output. Indonesia is the world’s biggest exporter of thermal coal, used to generate electricity.
A report by Moody’s Investor Service released this week said coal miners would enjoy strong prospects for growth over the coming year.
“We are optimistic about the sector, in light of steady growth in demand, low production costs, manageable capital expenditures and solid liquidity,”
Moody’s vice president Laura Acres wrote in the report, entitled Indonesian Coal Miners Well-Positioned for Growth. “Although these positives are offset by the possibility of event risk, asset concentration, and emerging market considerations.”
The Moody’s report said domestic coal producers come out of the recent financial crisis in good shape by keeping costs down while raising production and maintaining liquidity.
“Moreover, we believe that demand for Indonesian thermal coal from key consumers throughout Asia, especially India and China, will continue to be strong as the region continues to industrialize,” Acres wrote.
Bob Kamandanu, chairman of the Indonesian Coal Producers Association (APBI), said on Thursday that he was bullish that the local coal industry could continue to lift production over the next five years.
Much of the current optimism in the industry was because of the strong demand coming out of China and India and Indonesia’s proximity to those two markets.
“There’s plenty of demand,” Bob said, adding that mid-sized and large miners were currently gearing up to meet the demand and that the country could produce 400 million tons of coal a year by 2015.
APBI has forecast that coal production will be rise to 325 million to 350 million tons this year, up from 300 million in 2009.
Dileep Srivastava, head of investor relations at PT Bumi Resources, the nation’s leading coal producer, said the Moody’s report “reflected and reaffirmed Bumi’s long-held view that the thermal coal market is strong and getting stronger. Indonesia cannot keep pace with the burgeoning demand from China and India,” he said.
Bumi forecasts production will rise by at least 10 percent to 64 million tons this year.
Moody’s said it expected the government to continue to support the industry in its expansion and said some of the larger players were seeking to gain firmer control over their production supply chain and nearly double output in the next several years.
“But we think that capital expenditure requirements will remain manageable,” Acres wrote.
However, despite the positive outlook, it was unlikely that any of Indonesia’s coal miners would be able to achieve investment grade credit ratings, she wrote.
“This is because Indonesia’s coal mining companies lack geographic diversification. The range of commodities they produce is quite limited — in fact, it’s pretty much just thermal coal.
“Indonesian coal miners also faced further exposure to emerging market risk, primarily because of lingering uncertainty about regulatory issues.
Moreover, event risk may be a concern, depending on whether our rated issuers use their ample amounts of cash to benefit their bondholders [rather than their parent firms] or to make ill-advised purchases.”
Source: The Jakarta Globe (Reported By: Muhamad Al Azhari)
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Monday, 28 June 10
REVISIONS SHOULD AIM MINERAL AND COAL LAW
VIVAnews reported that, the Consortium of Mineral, Coal and Geothermal-Producing Regional Governments (Minerbapabum) is asking the government to per ...
Monday, 28 June 10
MEC TO INK COAL-EQUITY SWAP DEALS WITH POWER PROJECTS
Business Line reported that, First it was power producers moving to pick up stakes in coal mining projects to ensure the raw material supplies.
N ...
Monday, 28 June 10
COLOMBIA WILL LIKELY EXPORT 80 MILLION TONNES OF COAL IN 2010
Best Colombia reported that, Mr Hernan Martinez energy and mines minister of Colombia told reporters that Colombia will likely export 80 million ton ...
Monday, 28 June 10
WESFARMERS' SEPT QTR COAL PRICE UP 11% - SMH
SMH reported that, Wesfarmers Ltd says it expects a 11 per cent increase in prices for metallurgical coal from its Curragh mine in Queensland in the ...
Saturday, 26 June 10
THE SUPRAMAX INDEX FOR S6 ROUTE WAS UP BY US$ 1091 PER DAY OR 5.7 PERCENT D-O-D -- VISTAAR
COALspot.com: The market appears to be steadying with all indices almost stabilizing and the drop much less than last two weeks.
The BDI softened ...
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- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Australian Coal Association
- Planning Commission, India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
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