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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, 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 ...
Monday, 19 December 11
PLN WILL NO LONGER BUY COAL FROM TRADERS
COALspot.com - Indonesia's state electricity company PT Perusahaan Listrik Negara will no longer allow traders to become their suppliers, said, its ...
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- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Bhatia International Limited - India
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- The University of Queensland
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
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