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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, 14 June 10
S. AFRICA BOOSTS COAL SALES TO INDIA 12%, TRADER SAYS
Bloomberg reported that, South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percen ...
Sunday, 13 June 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND CAPE/US$ 29000 PER DAY & PANAMAX/US$ 20500 PER DAY - VISTAAR
COALspot.com: The market continue to soften in all sectors and the most affected was cape size which was down by 16.32 pct. The BDI was down by 14.4 ...
Saturday, 12 June 10
BALTIC EXCHANGE ESTABLISHES ASIA-PACIFIC OFFICE
The London-based Baltic Exchange has today announced it is setting up an Asia-Pacific Representative Office in Singapore, to ensure closer contact w ...
Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two f ...
Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
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- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- PTC India Limited - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Australian Coal Association
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- The University of Queensland
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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