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Tuesday, 15 March 11
COAL PRODUCTION FORECAST TO SURGE ON RISING PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to rise, according to the Indonesian Coal Mining Association.
Supriatna Suhala, executive director of the association, also known as the APBI, said the country’s coal production may reach 360 million tons this year, 6 percent more than the association’s original target of 340 million tons.
The country’s coal miners produced 300 million tons of coal last year, less than their original target of 320 million tons.
Unseasonably heavy rains generated by the La Nina climate phenomeon were widely blamed for disrupting all areas of mining, including coal and tin, two of Indonesia’s top exports.
“Coal prices keep increasing. This triggers coal miners to boost their production,” Suhala said on Monday. The association’s coal production target differs from that of the government, which set projected coal production at 275 million tons.
As of Friday, coal prices stood at $129.6 per ton, up slightly from the previous week’s price of $129.48 per ton, according to the Australian Newcastle Thermal Coal Index, which serves as a benchmark for Asia.
Suhala said coal prices would remain steady above $120 per ton this year. “As long as the economic condition keeps getting better, coal prices will keep steady at those levels,” he said.
He also said he expected demand for exports to grow, with demand from India and China projected to increase 15 percent as their economies grow at an 8 percent clip.
In light of Japan’s devastating earthquake and tsunami on Friday and the subsequent power shortages, Suhala said coal exports to Japan would increase as five nuclear power plants have been shut down following the disaster. Indonesia exports 45 million tons of coal to Japan annually, making it the top destination for Indonesian coal.
As of the first quarter this year, Suhala said, Indonesian coal miners produced an anticipated 80 million tons of coal, or around 22 percent of the total target of 360 million tons this year.
La Nina is not expected to affect coal production targets this year, he continued. “Weather is no longer a problem this year,” Suhala said.
Berau Coal, one of the country’s biggest coal miners, said coal production in the first quarter should remain on target for 5 million tons, according to Singgih Widagdo, a spokesman for Berau Coal.
“We are expecting to produce 20 million tons for the whole year,” Singgih told reporters on Monday. The company’s production so far is 12.5 percent of last year’s 17.5 million tons, he said.
Indonesia is home to several coal miners, including Bumi Resources, the world leader in thermal coal exports.
Source: The Jakarta Globe (By:Ririn Radiawati Kusuma)
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Thursday, 24 March 11
INDIA'S CHETTINAD INTERNATIONAL COAL TERMINAL'S PERMISSIBLE DRAFT HAS INCREASED TO 13.5 M
COALspot.com - Chettinad International Coal Terminal in Ennore port has the berth with draft 13.5 Meters now, according to E-Mail statement received ...
Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...
Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.
Seven Indian coal traders have submitted price bid to sup ...
Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...
Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...
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- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Aditya Birla Group - India
- Siam City Cement - Thailand
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
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