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Thursday, 15 December 11
BERAU SEES INDIA AS POTENTIAL MARKET FOR LOW-CALORIE COAL - THE JAKARTA POST
 The Jakarta Post reported that, Publicly listed coal mining company PT Berau Coal Energy (BRAU), the fifth largest coal producer in Indonesia, sees India as a potential market for the company’s low-calorie coal.
Berau president director Rosan Perkasa Roeslani said in Jakarta on Wednesday that coal exports to India, especially those of low-calorie, would be further increased to meet the growing demand from the South Asian country’s power plants.
Speaking during the company’s public expose, Rosan said that a market diversification into India would be needed to maintain the company’s export growth. “We want to diversify our market. Currently, most of our products are exported to China. We want to increase our sales to India starting from next year,” Rosan said.
BRAU sold 8.6 percent, or about 1.29 million metric tons, of its total sales of 15 million metric tons of coal produced up to the third quarter to India.
According to company data, China remains BRAU’s primary export market, with sales accounting for 43.9 percent of its total coal production. The figures also show that the company sells 17.4 percent of its coal to Taiwan, 11.2 percent to South Korea and about 0.4 percent to Japan. BRAU only sells 14 percent of its coal production on the domestic market. Most buyers of BRAU’s coal are power plants.
Rosan declined to reveal how much the company aimed to sell to India. “India is a market for our low calorie coal coming from the Lati mining site,” Rosan said.
BRAU’s main products are Mahoni coal with a calorific value of 5,500 kcal/kg, Mahoni-B with a calorific value of 5,300 kcal/kg, Agathis with a calorific value of 5,100 kcal/kg and Sungkai with a calorific value of 5,000 kcal/kg.
Currently, BRAU owns five mining locations in East Kalimantan. The concessions are Lati, Binungan I to VII, Binungan Prapatan, Binungan Kelay and Sambarata. The concessions’ cumulative area is 118,400 hectares.
Rosan said that BRAU’s average price by September stood at US$80 per metric ton of coal, a 33 percent increase from $60 in the same period last year.
“For the whole year, we estimate the average price will be $81. For next year, we predict conservatively that the average price will slightly decline to $80,” Rosan said.
The increasing price of coal contributed to BRAU’s growing net profit to $112 million in the first nine months of this year, surging 240 percent from $33 million in the same period last year.
“We hope that BRAU will book up to $600 in EBITDA [earnings before tax and amortization] next year,” Rosan said. BRAU’s EBITDA stood at $435 million as of September, surging 77 percent from $245 million year-on-year.
According to Rosan, BRAU expects to produce 20 million metric tons of coal by the end of the year. “We aim to reach production of 23 million next year and 30 million by 2014,” Rosan said.
BRAU’s director of finance John Ramos said that his company would allocate $140 million to $160 million in capital expenditure for 2012. Rosan said that the expenditure would be used to build infrastructure to boost coal production. “We have no plans for acquisition,” Rosan said.
The company said earlier that it would begin exploration at the Binungan Block 1 next year to meet the production target. The Binungan Block 1, with estimated reserves of 10 million tons, is expected to produce 500,000 tons in 2012. (rcf)
Source: The Jakarta Post
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Sunday, 23 October 11
CHINA LOOKING TO RESELL INDONESIAN COAL CARGOES - BARCLAYS
Commodity Online reported that, Anecdotal evidence has suggested that China is even looking to resell Indonesian cargoes back into the seaborne coal ...
Saturday, 22 October 11
THE SHORT-PERIOD RATES FOR PANAMAX REMAINED FIRM - CAPT. REDDY
COALspot.com - "The market seemed to slow down a bit this week, and all sectors were down by about One to five percent", said Capt. Reddy, ...
Saturday, 22 October 11
WILL THE PROPOSED 26 PERCENT PROFIT SHARING CLAUSE IN THE MINING BILL SPEED UP THE PRODUCTION OR SCARE AWAY INVESTORS? - DIPESH DIPU
A draft law has been approved by a ministerial panel headed by Finance Minister Pranab Mukherjee of India which, if passed by the Cabinet, will make ...
Saturday, 22 October 11
INDONESIA'S GOLDEN ENERGY SLASHES ITS IPO PRICE - THE JAKARTA GLOBE
The Jakarta Globe reported that, Golden Energy Mines, a coal mining company affiliated with Sinar Mas Group, lowered its target in an initial public ...
Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
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- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Australian Coal Association
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