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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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Thursday, 19 January 12
SOUTHGOBI RESOURCES SELLS MORE THAN FOUR MILLION TONNES OF COAL IN 2011, 58% MORE THAN 2010
COALspot.com - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) has successfully complets year 2011 on guidance in terms of coal sales and production.
...
Thursday, 19 January 12
14TH VOGP MEETING IN HO CHI MINH CITY HANDS OUT LATEST UPDATES AND DEVELOPMENTS IN VIETNAM'S ENERGY INDUSTRY
Press Release: At upcoming 14th Vietnam Oil Gas Power on 27-28 Feb in Ho Chi Minh City the industry’s most influential names including Petrovi ...
Thursday, 19 January 12
DELTA DUNIA SEALS US$820 MIO CONTRACT INSIDER STORIES
Insider Stories reported that, PT Delta Dunia Makmur Tbk (DOID) has announced that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama ( ...
Wednesday, 18 January 12
WARM WINTER ACROSS EUROPE HAS IMPACTED NEGATIVELY COAL DEMAND - BRS
With the Chinese New Year just a week away, all markets are slowing down. The drop in freight rates for all sizes has been significant over the past ...
Wednesday, 18 January 12
DRY BULK MARKET'S DRAMA CONTINUES IN START OF NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of newbuilding deliveries, coupled with a slow start to the new year, a typical trend for the dry bulk market, has led the industry's benc ...
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- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- The University of Queensland
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Parliament of New Zealand
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Siam City Cement - Thailand
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
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