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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, 22 December 11
RI WILL NOT PLAY CATCH-UP WITH GLOBAL COAL DEMAND - THE JAKARTA POST
The Jakarta Post reported that, the International Energy Agency (IEA) has predicted in its Coal Market Report 2011 that over the next five years, gl ...
Thursday, 22 December 11
DRY BULK MARKET KEEPS LOSING TRACTION AHEAD OF HOLIDAY SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept retreating in the middle of the week, as charterers seem to be looking towards the holiday season and the start of the new ye ...
Tuesday, 20 December 11
THE COAL IMPORT INTO CHINA WAS QUIETER AS COAL STOCKS WERE AT HIGH LEVELS - BRS
The BDI ended the week at 1888 points (-1.8%), the BCI corrected to 3572 (-3.4%), the BPI was up at 1,775 (+3.6%), the BSI dropped to 1193 (-3.0%) a ...
Tuesday, 20 December 11
INDIA IMPORTS 66.41 PERCENT MORE COAL FROM INDONESIA LAST MONTH - SOURCES
COALspot.com: Indonesia, the world largest coal exporter, shipped 33.476* mln mt of coal in November, which is slightly higher than its Octobe ...
Monday, 19 December 11
KOPEX COMMITS ADDITIONAL ONE MILLION DOLLAR FOR PT TRANSCOAL MINERGY
COALspot.com - Mining contractor Kopex has agreed to extend a further US$1 million to finance the remainder of the expanded drill program at PT Tran ...
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Showing 4921 to 4925 news of total 6871 |
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- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Minerals Council of Australia
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
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