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Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
 The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies as it tries to meet growing demand from China, a company official said on Friday.
Bob Kamandanu, Berau’s commissioner and the chairman of the Indonesian Coal Mining Association (APBI), said Berau signed a five-year deal with Huaneng Power International and a three-year contract with Zhushui Energy Resource Group. It will sell 1.5 million tons of coal annually to each company, as quoted by paper.
“Coal demand from China is growing significantly, and Chinese companies are mainly looking for long-term contracts,” Kamandanu said on Friday.
Huaneng Power is China’s largest electricity producer, while Zhushui focuses on coal imports.
Indonesia’s coal output is expected to climb this quarter after wet weather in the first quarter saw it drop to 89 million tons. Kamandanu said output should increase to 95 million tons in the second quarter before falling back to 85 million tons in the following two quarters.
The dry season is expected to start in most areas in Indonesia around May or June, offering a timely boost to the country’s agricultural and mineral sectors.
“Higher production would go into the export market, but the weather has been very unpredictable over the past few years so it’s hard to say if there will be enough dry months ahead for miners to be able to ramp up production,” a Singapore-based trader said.
Global coal prices only saw a limited sell-off this week despite a rout in other commodities, and the market’s strength is backed up by producers and traders saying rising output from Indonesia, the world’s top thermal coal exporter, is being soaked up by India and China.
Full-year production is expected to hit 354 million tons, higher than the APBI’s earlier forecast of 340 million tons, which Kamandanu said on Friday was conservative, and follows production of 310 million tons last year. The APBI forecast in April the country’s exports would be between 260 million and 270 million tons in 2011, but traders said the final export numbers could be higher if production reaches 354 million tons.
Kamandanu said Berau planned to spend $100 million to produce 20.5 million tons of coal this year, up 19.8 percent from last year. The coal miner sells most of its output to China and South Korea, with China accounting for 25 percent of its coal sales and South Korea making up 16 percent.
Source: The Jakarta Globe (Ririn Radiawati Kusuma & Reuters )
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Tuesday, 10 May 11
DRY BULK MARKET KEEPS ON RISING, OUTLOOK MIXED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward once again on Monday, with the Baltic Dry Index rising by 0.6% to 1,348, although the Capesize market was 0.57% l ...
Monday, 09 May 11
THAILAND COAL IMPORTS SURGE IN Q1 - ICAP SHIPPING
Thailand's coal imports leapt 20% in Q1 and the country looks set to import its largest ever volume in 2011 as quoted by ICAP Shipping web site.
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Monday, 09 May 11
KOSPO SEEKING 65KT STEAMING COAL
COALspot.com - Korea Southern Power Co (KOSPO) issues tender for 65000 Mt of Steaming Coal Supply with a minimum CV of 4,500 kcal/kg on NAR basis. D ...
Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 11 ...
Monday, 09 May 11
DIAN SWASTATIKA Q1 PROFIT SOARS 511 PERCENT - INSIDER STORIES
PT Dian Swastatika Sentosa Tbk (DSSA), parent of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of t ...
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- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Planning Commission, India
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- PTC India Limited - India
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
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