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Thursday, 11 June 09
COAL PRODUCERS TO SEE BOOST IN DEMAND FROM ASIA PACIFIC - JAKARTA POST
 The Jakarta Post reported that, at the recent 15th Coaltrans conference in Bali, we noted concerns related to rising oil prices at a faster pace than coal, which could incur heavier production costs for coal producers. However, we expect these increases to be offset by buoyant coal demand from the region.
India for example, clocking 8 percent annual power demand growth, estimates demand for imported coal to reach 43 million tons in 2009 because of its short domestic supply.
Additionally, India's cement industry is also growing at 9-10 percent annually, while its steel consumption is seeing 8 percent growth each year.
This is also supported by the Indian Electricity Act 2003, setting out to provide electricity for all of India by 2012. Hence, power demand in India is estimated to grow to 315 GW (gigawatts) by 2017, from 120 GW at present.
India has fallen short of meeting its thermal coal demand since 2005. Back then, the deficit was 37 million tons. This grew to 90 million tons in 2008, and is predicted to grow to 160 million tons by 2012.
The Coal and Oil Group of India estimates thermal coal imports to triple to 100 million tons by 2012, making it the world's fastest growing coal importer.
Support should also come from the Philippines with its estimated annual coal consumption of between 8.7 million - 10.2 million tons by coal-fired power plants alone, versus its annual coal production of 3.6 million tons.
Total coal demand in 2008 for the Philippines was 12.2 million tons, including coal usage by industrial, cement and heavy equipment sectors with the power sector accounting for 72 percent of demand.
Wood Mackenzie believes China will add pressure to demand by becoming a net coal importer as of 2009, with a gradual decline in coal exports, flattening out at 30 million tons a year by 2015.
On the domestic front, state utility firm PLN predicts Indonesia's energy demand to rise from 272 TWh (terawatt hours) this year to 325 TWh in 2018, when it predicts coal-steam power plants will account for 60 percent of the supply.
Coal demand for power generators is estimated to reach 107 million tons by 2018, up from 32 million tons in 2009.
By 2015, low-grade coal usage is expected to rise to 53 percent, from 8 percent in 2008, while medium and high-grade coal usage should decrease.
The government has adopted a mechanism to regulate both volumes and pricing for domestic market obligation (DMO) to ensure domestic demand is met.
Coal volume will be regulated through the Ministerial Decree on Minimum Percentage of Domestic Coal Sales, which will be distributed proportionally among coal buyers.
The government also plans to set an Indonesian Coal Price Reference (ICPR/HPB) to be applied for both producers and consumers. ICPR will rely on a reference index averaging on 4 indexes (ICI, BJ, GC, and Platts).
The new Minerals and Coal Mining Law has provided clear structuring through new mining licenses (IUP or IUPK) which apply for domestic and foreign investors.
However, regulations on divestiture of shares owned by foreign parties after five years of production may discourage foreign investment in the sector, but will provide support for domestic coal producers.
As a major thermal coal exporter, Indonesia will fully benefit from the short coal supply in neighboring countries.
Indonesia's strategic geographic location will make it a prime choice among coal suppliers based on lower delivery costs and timing compared to other countries such as Australia.
Declining coal exports from the Atlantic (the US) should also create potential for coal markets in the Pacific, particularly Indonesia.
The writer (Katherine Hermawan) , is a research analyst at Bahana Securities
Source: http://www.thejakartapost.com/news/2009/06/11/coal-producers-see-boost-demand-asia-pacific.html
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Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
Saturday, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however t ...
Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...
Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...
Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...
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- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- White Energy Company Limited
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- The University of Queensland
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Australian Coal Association
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
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