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Saturday, 23 May 09
INDONESIA'S COAL OUTPUT SLUMPS IN Q1 ON LOWER PRICES, FALLING DEMAND - THE JAKARTA GLOBE
Falling international coal prices, bad weather and other problems cut first-quarter coal output by 50 percent to 30 million tons against an initial government target of 60 million tons, an Energy and Mineral Resources Ministry official said on Wednesday.
Bambang Gatot Arioyono, the director general of coal, mineral and geothermal energy, said big coal companies including PT Bumi Resources, Asia’s biggest coal exporter, as well as PT Adaro Energy, PT Berau Coal, PT Arutmin and PT Kaltim Prima Coal, had been hampered significantly. Many smaller companies, he said, have also been badly hit by the currently unfavorable market conditions.
“The current price must be affected by demand,” he said. “We are now urging producers to ramp up their production in the second quarter.”
Indonesia, the world’s second biggest coal exporter in 2007 after Australia, has been hit by falling export volumes and prices, and declining domestic demand, with the state electricity utility PLN predicting demand would fall by more than 10 percent as well, with its 10,000 megawatt generating-capacity expansion project well behind schedule.
"50 percent Jan-March collapse in production"
Although the government initially predicted that domestic consumption would rise by nearly 30 percent, from 52.57 million tons to 68.3 million, in March excess coal supply skyrocketed, with PLN reporting excess coal supplies at 50 days, more than double the usual 20-day supply. To read more The Jakarta Globe
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Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...
Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...
Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 pe ...
Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...
Tuesday, 12 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
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- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
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