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Friday, 05 November 10
RI COAL EXPORT PROSPECTS STILL BRIGHT - THE JAKARTA POST
 The Jakarta Post reported that, Indonesia, already the world’s largest exporter of seaborne thermal coal since 2005, will continue to be a major supplier to the Asian market even though the quality of its coal reserves has declined to sub-bituminous and even liqnite or lower-rank coal, Garibaldi Thohir, the chief executive officer of publicly listed PT Adaro Energy, said here Wednesday.
“First of all, the biggest international market for coal now is Asia, notably China and India, which are practically on our doorstep,” said Thohir who was here to receive several awards for Adaro Energy at the 2010 Platts Top 250 Global Energy Company Rankings on Tuesday evening.
The ninth annual Platts 250 Global Energy Company Rankings measures companies’ financial performance using four key metrics: asset worth, revenues, profits, and return on invested capital. And to be ranked, companies must have assets greater than US$3 billion.
Thohir said the high economic growth in China and India, which made these countries hungry for natural-resource commodities, notably energy, had drastically changed the international coal market.
Asia now accounts for more than 65 percent of global coal consumption.
Platts analyst James 0’Connell quoted The Australian Bureau of Agricultural and Resource Economics (Abare), a government research agency, as saying recently that India, the fastest growing importer of thermal coal, will import almost 70 million tons this year.
“Indian imports will expand to more than 77 million tons next year as 18.8 GW in additional capacity of power generation is expected to be completed next March,” Abare estimated in a report in June.
O’Connell said China, with an annual production already exceeding 3 billion tons, will still import almost 100 million tons this year and 103 million tons next year to fire its huge power generation industry.
Another Indonesian competitive advantage, according to Thohir, is that Indonesia has very low production costs as most of its 95 billion tons of reserves allow for open-cast mining, he added.
Yet most important, he added, “our coals produce very low emissions of sulphur, nitrogen oxides and wastes. The benefits of all this for users is that our coal would reduce the costs of their equipment maintenance and ash disposal”.
Indonesian coal exports are estimated by the coal miners association at about 200 million tons this year, much lower than the original projection due to the unusually heavy rainfalls that have affected mining operations.
Andre Mamuaya, Adaro Director and Corporate Secretary, said Indonesian domestic coal consumption would also increase steadily as the country is expanding the capacity of its coal-fired power generation to reduce dependence on oil.
“The State Electricity Company [PLN] now uses only about 40 million to 42 million tons of coal per year. But this volume could double within the next five years as several new coal-fired power stations come on stream”, Mamuaya added.
The Ministry of Mines and Energy recently revealed the government program to convert diesel-fired power plants with a combined capacity of around 8,000 MW into coal-fired plants.
Most of the additional 10,000 MW new capacity being built under the first crash power program which was launched in 2006 is also based on coal.
Based on the government’s energy plan, the state electricity company (PLN) will generate more than 50 percent of its output with coal.
Source: The Jakarta Post (By:Vincent Lingga)
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Thursday, 18 November 10
MUNDRA PORT AWARDED BEST PRIVATE PORT - COMMODITY ONLINE / HELLENIC SHIPPING
Adani Group owned, Mundra Port has been awarded the Annual Indian Maritime Gateway Award for the Best Private Port of the Year for the third consecu ...
Wednesday, 17 November 10
DRY BULK MARKET LOOKING FOR SUPPORT IN COAL TRADES AND INDIAN IRON ORE EXPORTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Nikos Roussanoglou, Hellenic Shipping reported that, the dry bulk market is lacking support to end its 13-day slide, as evidenced by Monday’s ...
Tuesday, 16 November 10
'VALLAR PLC' TO BECOME 'BUMI PLC' POST DEAL - THE JAKARTA POST
The Jakarta Post reported that, The United Kingdom’s Vallar Plc will change its name to Bumi Plc following a cash and stock transaction with t ...
Tuesday, 16 November 10
ROTHSCHILD BUYS INDONESIAN COAL STAKES FOR $3 BILLION - BLOOMBERG
Bloomberg reported that, Nathaniel Rothschild, the only son of U.K. financier Jacob Rothschild, agreed to invest $3 billion in two Indonesian coal c ...
Sunday, 14 November 10
THE FREIGHT MARKET CONTINUED ITS DOWN FALL - VISTAAR SINGAPORE
COALspot.com: The freight market continued its down fall with BDI down by 7.29 pct and closed at 2,313 points.
All other segments were also under ...
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Showing 5526 to 5530 news of total 6871 |
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- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Planning Commission, India
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
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