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Wednesday, 15 December 10
GOVT SETS NEW MINIMUM LEVEL FOR DOMESTIC MARKET SALES - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal producers are required to sell at least 24.17 percent of their production to the domestic market next year under the new coal domestic market obligation (DMO) regulation issued by the government on Tuesday.
The Energy and Mineral Resources Ministry said that the determination of the minimum coal volume to be sold to the domestic market was needed to ensure that there would be a shortage of supply at home.
The coal should be sold under the government’s benchmark price which is fixed monthly. The government set the DMO at 24.75 percent for 2010.
The regulation will affect 53 coal mining companies involving 42 coal contracts of work (PKP2B), state owned company PT Bukit Asam and 10 mining right (KP) and mining license (IUP) holders. Included under the PKP2B category are coal giants PT Adaro Indonesia, PT Arutmin Indonesia, PT Berau Coal and PT Kideco Jaya Agung.
The DMO percentage is determined based on projected coal production and projected domestic demand for 2011. The government estimates that coal production will reach 326.65 million tons in 2011, while domestic demand is expected to reach 78.97 million tons.
Of the total 78.97 million tons of coal expected to sold to domestic market, 66.28 million tons would be sold to power plants, 8.86 million tons to the cement industry, 1.97 million tons for textile industry, 0.92 million tons for the fertilizer industry, 0.60 million tons for the pulp industry and 0.34 million tons for metallurgy.
State power utility PT Perusahaan Listrik Negara (PLN) is Indonesia’s largest domestic coal consumer. The government expects to allocate 55.82 million tons of coal to PLN in 2001, or more than 70 percent of total domestic coal consumption.
PLN’s internal estimation is actually lower than the government allocation. Company director for primary energy Nur Pamudji said the firm’s coal consumption was projected to reach 52 million tons next year, a 44 percent increase from 36 million tons this year.
PLN said it would burn more coal next year as it will operate five new coal-fired power plants — the 3x330 megawatt Indramayu power plant in West Java, the 2x315 megawatt Rembang power plant in Central Java, the 625 megawatt Suralaya plant in West Java, the 600 megawatt Paiton plant in East Java and the 2x300 megawatt Lontar plant in Banten.
The second largest consumers of domestic coal are independent power producers (IPPs), which collectively are forecast to consume 8.97 million tons of coal in 2011. Other companies using coal for power generation are PT Freeport Indonesia (0.83 million tons), PT Newmont Nusa Tenggara (0.47 million tons) and PT Pusaka Jaya Palu Power (0.19 million tons).
Companies using coal for metallurgical processes are PT Inco (0.14 million tons) and PT Antam (0.20 million tons).
The government set the coal DMO to secure supply for the domestic market, particularly to PLN, which contributes around 90 percent of power generated in the country. The 2009 mining law stipulates that the government must determine the DMO annually through an Energy and Mineral Resources Ministry decree.
Source: The Jakarta Post
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Friday, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
Thursday, 16 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech ...
Thursday, 16 December 10
COAL INDIA IN TALKS WITH INDONESIAN CO TO BUY ITS COAL MINES - APN NEWS
APN News reported that, World’s largest coal producer Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines i ...
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall ...
Wednesday, 15 December 10
LARGE ORDERBOOK TO HINDER 2011 DRY BULK MARKET REBOUND DESPITE INCREASED DEMAND SAYS PARAGON SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A large orderbook which currently stands at 53% of the existing fleet is expected to render 2011 another challenging year for the dry bulk marke ...
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- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
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