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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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Thursday, 24 June 10
DRY BULK MARKET AT LOWEST POINT IN EIGHT MONTHS
The dry bulk market’s demise has failed to turn around so far this week, with the industry’s benchmark, the Baltic Dry Index (BDI), yest ...
Wednesday, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
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- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
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