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Thursday, 09 September 10
INDONESIA SWAPS COAL FOR INFRASTRUCTURE - FT
As Asia’s major economies bound forward and their hunger for energy surges over the next decade, Indonesia is strategically positioned to take advantage as the world’s largest exporter of coal. It is also neatly placed geographically, on the doorsteps (well, almost) of China and India.
Rudi Vann, a leading coal analyst at Wood Mackenzie, told beyondbrics he expects Indonesian coal production to rise nearly 90 percent to 480m tonnes by 2020. By striking deals to sell it in exchange for infrastructure financing, Indonesia is using the resource to fix its own crumbling roads, ports, bridges - and its power plants too.
As you might expect, the competition to secure Indonesian coal is being led by China and India, as the FT reports on Thursday. Companies from the two countries signed a series of deals in recent months to finance billions of dollars in Indonesian infrastructure projects in exchange for thermal coal.
The deals are reminiscent of the controversial minerals-for-infrastructure transactions that China has struck across Africa to secure supplies of that continent’s resources.
Indonesia is in desperate need of capital and has set the ambitious target of attracting $160bn in foreign investment over the next few years.
The most recent coal deal was in August, when Indian conglomerate Adani said it would spend $1.6bn on a railway line and coal terminal in southern Sumatra.
KPMG estimates India’s coal shortfall will reach 189 tonnes a year by 2015. Domestic supplies could soon be limited by tougher environmental regulations planned by Environment Minister Jairam Ramesh, who recently said a third of India’s coal reserves are in areas off limits to mining companies.
Chinese companies, already heavily invested in Indonesian coal mines, are looking for more acquisitions, but have also inked deals to build power plants. Vann noted that Indonesia has already exported more coal to China in the first half of this year than all of 2009.
The country’s production of thermal coal will likely rise by around seven per cent to 280 million tonnes in 2010, led by purchases from China, India, South Korea, Japan and Taiwan, the Indonesian Coal Mining Association said.
On top of flourishing exports, domestic Indonesian demand will also rise around eight per cent a year as it adds 10,000 megawatts of electricity-generation capacity from coal-fired power plants by 2016.
Source: FT
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Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
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- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
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- White Energy Company Limited
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- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
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