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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, 17 June 10
COAL EXPLORATION & DEVELOPMENTS HOTPOTS CONFERENCE
Press Release: The Coal Exploration and Developments Hotspots conference will bring together a panel of more than 20 of the world’s lead ...
Thursday, 17 June 10
AUSTRALIA'S LEIGHTON WINS $1.3 BILLION OF NEW WORK - THE JAKARTA POST
Australian construction and contract mining group Leighton Holdings Ltd. said Thursday it has won 1.5 billion Australian dollars ($1.3 billion) of n ...
Wednesday, 16 June 10
INDONESIAS STATE OWNED ELECTRICITY COMPANY WILL CONSUME 95.30 MILLION TONS OF COAL IN 2014
COALspot.com: Indonesia's state owned electricity company forecasted its coal requirement in 2014 would be around 95 million tons. ...
Wednesday, 16 June 10
MADHYA PRADESH GOVT IMPORT 50K METRIC TONNES OF COAL FROM INDONESIA - DNA INDIA
DNA India reported that, the Madhya Pradesh government has imported 50,000 metric tonnes of coal from Indonesia to deal with its shortage which is a ...
Tuesday, 15 June 10
INDONESIA'S COAL EXPORTS FELL TO 18.52 - MILLION TONS IN MAY
COALspot.com: Indonesia, the world largest coal exporter, shipped 18,529,695 of coal in May 2010. May coal exports dropped by 20.61 percent co ...
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- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- The University of Queensland
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
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