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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, global coal demand will increase at a rate of 600,000 tons per day, mostly driven by a surging power generation in emerging economies.
The agency says the rapid growth is a reminder of the challenges in making the global energy system more sustainable and environmentally friendly.
Responding to the prediction, the government of Indonesia, the largest exporter of thermal coal in the world, revealed that it would not boost production to catch up with the growing demand, saying that conservation and environmental protection were more important priorities for the country.
“We’re not proud of being one of the largest coal exporters and we want to maintain the balance for the sake of our future,” said Thamrin Sihite, the director general for minerals and coal at the Energy and Mineral Resources Ministry, in Jakarta on Wednesday.
He continued that the government would not in the near future be issuing explicit limitations on coal production; but it would, however, be aiming to control production activities from mining companies’ expenditure plans (RKB). The government might reject production plans that are too excessive, he added.
In 2012, the government is aiming for a production target of 332 million tons, while the Indonesian Coal Mining Association (APBI) calculates that the volume could reach up to 380 million tons after taking into account output in 2011, which is estimated to reach 360 million tons by the end of this year.
The APBI shares the same opinion as the government: that an increasing global demand for coal does not force Indonesia to ramp up production, as there are 70 other countries in the world that also have coal reserves.
“Most of the countries can’t expand their production due to problems in infrastructure; particularly countries like Mozambique, Angola and the former Soviet Union countries,” Supriatna Suhala, executive director of the APBI, told The Jakarta Post.
If Indonesia limited its exports, coal prices would rise and make expansion of production in those countries economical, he explained. Now, the price of coal was affordable due to exports from countries whose coal reserves were close to coastal areas, like Indonesia, he said.
“But, it’s up to the government whether we want to halt a production increase for conservation or boost exports to seek revenue. As long as there is no prohibition, mining companies will continue to expand their production,” Supriatna emphasized.
Source: The Jakarta Post
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Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
Wednesday, 19 October 11
ADARO ACQUIRES BUKIT ENIM ENERGI - INSIDER STORIES
Insider Stories reported that, Coal miner PT Adaro Energy Tbk, via its subsidiary dubbed PT Alam Tri Abadi, today revealed a 46% stake takeover of a ...
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- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- ASAPP Information Group - India
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
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