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Thursday, 14 May 09
INDONESIA 2009 COAL OUTPUT REVISED DOWN - REUTERS
 * Indonesia coal output seen at 240 million tonnes in 2009
* Coal exports down 11.2 pct to 44.79 mln tonnes in Q1 2009
* Production down 1.4 pct to 58.074 mln tonnes in Q1 2009
* Coal prices seen between $65-$70 until year end
Indonesia's coal output this year may be about 9 percent lower than initially expected due to the global crisis, a top industry official said on Thursday, although Chinese and Indian demand should lift exports in the second half.
Indonesia, the world's top thermal coal exporter, is expected to produce about 240 million tonnes of coal this year, slightly up from 238 million tonnes last year, but down on a forecast of 265 million tonnes early this year, said Bob Kamandanu, head of the Indonesia Coal Association.
Coal production in the first quarter fell 1.39 percent to 58.07 million tonnes, compared to 58.90 million tonnes in the same period of 2008.
"There were no cancellation from buyers, but they reduced the shipment volumes," Kamandanu, the association's newly-elected chairman, said in an interview.
"With the situation, production is most likely to hit 240 million tonnes. If demand improves in the second half, it could be much higher but it will not reach 265 million," he said.
Indonesia exported 44.79 million tonnes of coal in the first quarter, down 11.2 percent from 50.49 million tonnes in the January-March period last year, Kamandanu said.
Coal is the cheapest source of thermal energy used in the industrial sector, with the cement and steel industry among the largest buyers.
But demand has stuttered as the downturn has forced factories from Europe to China to halt production as exports slump.
However, Indonesia's overall coal exports for 2009 should still top the 206 million tonnes shipped in 2008 as coal demand was expected to recover in the second half helped by Chinese and Indian demand, Kamandanu said.
"We see demand from China is picking up and there's more demand from India. I see there will be improvement in the second semester," he said.
Asian coal prices have recovered from a near 6-month low of $58 a tonne in February to hover above $60 in the past two months aided by Chinese demand for coal from Australia and Indonesia.
India's demand for coal is growing by around 8-9 percent a year, outpacing production that is growing by 6 percent as the power sector has not been hit by the credit crunch.
Kamandanu said coal prices were likely to hover between $65-$70 until the end of the year.
"I don't think there will be a significant jump in prices like last year. Players learned a lesson from last year," he said.
Coal prices have fallen from a record peak of $201 a tonne hit in July last year. Thermal coal prices at the globalCOAL Newcastle weekly index stood at $63.46 a tonne late Wednesday.
Despite lower exports in the first quarter, domestic coal demand jumped nearly 60 percent to 13.28 million tonnes, from 8.39 million tonnes in the same period as many domestic users had locked in contracts early this year.
"Last year, their stockpiles were nearly empty because rains disrupted production and shipments. So this year, they lock in contracts earlier to avoid that problem," he said.
The association said it planned, by targeting smaller firms, to expand its membership to 100 coal firms from 54 now to boost marketing of Indonesian coal.
Source: http://money.ninemsn.com.au/article.aspx?id=813959
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Monday, 06 April 09
RICHARDS BAY COAL TERMINAL EXPORTS ROSE 5 PERCENT IN MARCH - BLOOMBERG
South Africa’s Richards Bay Coal Terminal, the world’s largest coal-export facility, shipped 5 percent more coal in March than the same ...
Monday, 06 April 09
INDIA'S OSWAL CHEM EYES INDONESIAN COAL MINES -ECONOMICTIMES
Oswal Chemicals and Fertilisers (OCFL), part of Abhay Oswal-led Oswal group, has initiated talks with three separate Indonesian coal firms to ...
Thursday, 02 April 09
FOREIGNERS ALSO CHEER FOR INDONESIA'S THE NEW MINING LAW - MAJALA TAMBANG
Three mining giants, Australia's Rio Tinto along with Canada's Barrick Gold and Southern Arc, are among foreign corporations currently applying fo ...
Wednesday, 01 April 09
INDONESIAN GOVERNMENT REVISES MINING REVENUE TARGET DOWN 26% - THE JAKARTA POST
Government income from mining this year, excluding taxes, is expected to drop by about 26 percent to Rp 11 trillion ($957 million), primarily becaus ...
Wednesday, 01 April 09
INDONESIAN OFFICIAL CLAIMS NEW LEGISLATION IS VINDICATED AS OVERSEAS FIRMS LINE UP FOR MINING LICENSES - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry is expected to issue six mining licenses under the country’s new mining law over the next two months ...
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- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
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- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
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- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
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- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
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- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
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- SMG Consultants - Indonesia
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- Interocean Group of Companies - India
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- Thiess Contractors Indonesia
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- New Zealand Coal & Carbon
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- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
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- Orica Mining Services - Indonesia
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- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
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- Australian Coal Association
- VISA Power Limited - India
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- Metalloyd Limited - United Kingdom
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- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
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- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
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- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
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- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
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