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Wednesday, 22 September 10
INDIA TO BE BIGGEST BUYER OF INDONESIAN COAL BY 2011 - BUSINESS STANDARD
India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association.
Coal imports by India may rise to 70 million tonnes, up from 40 million tonnes this year, Kamandanu told reporters on the sidelines of Coaltrans Upgrading Coal Forum in Jakarta today. “In the past, India only bought high-quality coal, but now they started buying a lot of low-rank coal also because of an increase in domestic consumption,” Kamandanu said.
Low-rank coal is the fuel with energy value of as much as 5,000 kilocalories a kg.
Japan is still the biggest buyer of Indonesian coal this year with imports of about 60 million tonnes, he said. South Korea ranks third behind India, Kamandanu said.
Coal prices may rise to $100 a tonne by the end of this year because of bad weather, which has disrupted mining in Indonesia, and port bottlenecks in Australia, Kamandanu said.
“Demand is there and it’s normally high at the end of the year due to cold temperature and it will support prices,” he said. Indonesia may produce about 305 million tonnes of coal this year of which 240 million will be exported, Kamandanu said.
Source: Business-Standard
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Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
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