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Wednesday, 26 October 11
MOODYS SEES MORE GROWTH FOR INDONESIAN COAL MINERS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal mining industry looks set to grow despite an uncertain global economic outlook, according to Moody’s ratings agency.
Simon Wong, a vice president and senior analyst at Moody’s, said the planned construction of power plants across the region, Indonesia’s connections to the energy sector in the Asia Pacific, strong liquidity and an improved debt profile would support the domestic industry’s growth.
Utility companies in Indonesia, China and India are building more power plants that use thermal coal to satisfy the increasing demand for power in the region, which will in turn help keep coal prices high, Wong said.
“Indonesia’s coal miners have accelerated their strategies of vertical integration for the purposes of enhancing control over pit-to-port operations, operating efficiency and cost control,” he said in a statement.
Coal companies are looking to increase exploration for new sites while increasing production capacity at existing mines.
Wong said these strengths outweighed the possible risk that may come from the “uncertainty surrounding the global economy.”
He added, however, that there was still a risk of investing in coal in Indonesia, due to geographical factors, mixed product quality and still-evolving mining laws.
President Susilo Bambang Yudhoyono announced in March that unrefined coal exports would be banned from 2014, leading to what some observers have described as the “Indonesian coal rush.”
If the ban is implemented, miners will have to invest in processing facilities in Indonesia. The vast majority of coal mined in Indonesia at present is exported in its raw form and refined overseas.
Bob Kamandanu, chairman of the Indonesian Coal Mining Association, said coal production would remain stable next year, but he expected a slight decrease in prices. He forecast coal would cost $100 to $110 per ton next year, lower than the average price this year of $110 to $120 a ton.
He said the association maintained its national coal production target of 380 million tons next year, up from the 360 million ton target for this year.
The coal mining industry has been criticized recently by communities living near mining concessions. There have been claims of rights abuses, including forced displacement and environmental destruction to make way for mining projects that communities say rarely benefit them.
Indonesia is the world’s top exporter of thermal coal, most of which goes to China and India.
Source: The Jakarta Globe
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Wednesday, 16 November 11
TAX OFFICE VOWS TO CRACK DOWN ON COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry’s Directorate General of Taxation says that it will strengthen its supervision of coal mi ...
Wednesday, 16 November 11
A STRONG WEEK FOR THE CAPES - BRS
A sharp bounce by the Cape market pushed the BDI up by 3% last week. This was despite a softening in the other indices with the Panamax, Supramax an ...
Monday, 14 November 11
BORL SEEKS 660K MT OF LOW SULPHUR COAL
COALspot.com - BORL India has issued a tender for around 660,000 MT of 4500 - 5500 kcal/kg sub-bituminous Coal.
Bharat Oman Refineries Ltd ...
Sunday, 13 November 11
BUNKER PRICES REMAINED FIRM
COALspot.com - The market seemed to recover this week with the BDI and Cape Index up.
The BDI was up by only about 2.86 pct closing at 1835 point ...
Saturday, 12 November 11
COALINDO ENERGY LAUNCHED INDEX FOR 3400 GAR COAL
COALspot.com - PT Coalindo Energy, in cooperation with Argus Media Limited, launched the coal index for low-rank coal with a calorific value of 3,40 ...
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- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Australian Coal Association
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
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