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Tuesday, 13 September 11
INDONESIAS COAL SECTOR EYES 2012 BOOM - JG
The Jakarta Globe, Indonesian English language News paper reported that, Coal production is set to surge next year as coal miners bolster their businesses and several new mines commence production, the nation’s miners say.
Indonesia’s production of thermal and coking coal is forecast to hit 380 million tons in 2012, up 5.5 percent on this year’s estimate, Supriatna Suhala, the executive director of the Indonesian Coal Mining Association (APBI), said on Monday.
The Energy Ministry’s forecast for coal production next year is 332 million tons, but that estimate does not include the output of smaller mining companies.
China’s demand for coal is expected to double in the next five years to 6 billion tons, according to the APBI. Meanwhile, coal is used in Indonesia’s power plants to make up for insufficient supplies of natural gas, which is locally produced in large amounts but most of which is exported.
Indonesia exports the majority of its coal to China, India and Japan.
Meanwhile, domestic consumption is regulated under domestic market obligations. The Energy Ministry said that next year 63 coal producers were obliged to supply as much as 82 million tons for domestic consumption, a 4 percent increase from this year’s requirement.
The coal is allocated to state-owned electricity company Perusahaan Listrik Negara, which uses as much as 57 million tons — 70 percent of the total demand.
The remaining coal will be allocated to cement factories, gold and copper producers Newmont Nusa Tenggara, Freeport Indonesia and Antam and nickel producer Inco.
Supriatna said global energy demand was prompting many coal miners to ramp up production and pushing non-energy companies to expand into coal mining. He said more countries, such as Kenya, Bangladesh and Pakistan, were seeking to import coal from Indonesia.
“Industries see it as an interesting time to invest in the coal mining sector,” Supriatna said.
The APBI forecast that coal prices would be steady next year. The Energy Ministry said that as of August, Indonesia’s coal reference price was $117 per ton, up 4.5 percent from January.
About 62 percent of Indonesia’s coal production is categorized as middle-calorie, which is used to fuel power plants at home and abroad. More than 13 percent is high-calorie coal, almost all of which is exported to Japan because of its stringent requirements for carbon emissions. It is used there for power generation and steelmaking.
In 2010, Indonesian production declined because of wetter-than-normal conditions.
The government plans to ban shipments of raw coal material by 2014, instead requiring the sector to add value to the product before it can be exported.
The largest player in the Indonesian coal industry is industrial giant Bumi Resources, followed by Adaro and Kideco Jaya Agung, a unit of Indika.
The sector’s activities are focused on the resource-rich island of Kalimantan.
Source: The Jakarta Globe (By - Ririn Radiawati Kusuma)
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Thursday, 08 September 11
PETROSEA ADDS US$730 MIO CONTRACT
Coal mining contractor PT Petrosea Tbk (PTRO), a majority owned subsidiary of energy integrated company PT Indika Energy Tbk (INDY), has secured a U ...
Wednesday, 07 September 11
ANOTHER EXCEPTIONALLY STRONG WEEK FOR THE CAPESIZE MARKET - BRS
The very strong rise in Cape rates pushed through an overall improvement in the BDI this week, although relatively little benefit from the Capes has ...
Wednesday, 07 September 11
INDIA HIT BY INDONESIAS COAL PRICE - TEMPO INTERACTIVE
TEMPO Interactive, an Indonesian online news portal reported that, The Indian government has complained about the price increase of Indonesian coal, ...
Wednesday, 07 September 11
SAMPUR POWER AGREEMENT SIGNED - DAILY NEWS
Daily News, Sri Lank's national news paper reported that, the agreement for the setting up of a 500 MW coal-fired power plant at Sampur, Trincomale ...
Tuesday, 06 September 11
INDONESIAS PROPOSED COAL EXPORT BAN MAY HAVE IMPACT ON THE INDIAN POWER SECTOR - DIPESH DIPU
COALspot.com - This is a special interview about Indonesian proposed coal export ban by 2014, with Mr. Dipesh Dipu, Director of Deloitte Touche Tohm ...
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- Salva Resources Pvt Ltd - India
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- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
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- Metalloyd Limited - United Kingdom
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- Global Business Power Corporation, Philippines
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- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
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- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
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- Interocean Group of Companies - India
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- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
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- Kideco Jaya Agung - Indonesia
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- London Commodity Brokers - England
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- Eastern Coal Council - USA
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- Oldendorff Carriers - Singapore
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- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
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- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
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- Straits Asia Resources Limited - Singapore
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- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
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- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
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- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
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- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
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- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Australian Coal Association
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
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- Bhushan Steel Limited - India
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- GAC Shipping (India) Pvt Ltd
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- Bukit Baiduri Energy - Indonesia
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- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
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- Economic Council, Georgia
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