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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, 01 December 11
DRY BULK MARKET RISES TO NEW HEIGHTS ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on rising this week, with the industry’s benchmark, the Baltic Dry Index (BDI) climbing to 1,846 points on Wednes ...
Tuesday, 29 November 11
SOUTH AFRICAN COAL INTO CHINA, THE ACTIVITY WAS SLOW - BRS
Capesize
The Capesize market in Atlantic stayed pretty firm last week with transatlantic rounds being fixed in the high twenties. Sentiment was les ...
Tuesday, 29 November 11
GOLDEN GATE BRIDGE OF INDONESIA COLLAPSED AT KUKAR, EAST KALIMANTAN
COALspot.com - A suspension bridge in Indonesia’s east Kalimantan province over the Mahakam river collapsed on Saturday, killing at least elev ...
Tuesday, 29 November 11
BUKIT ASAM SCOUTS RP3 TRILLION PROFIT - INSIDER STORIES
The state-controlled coal miner PT Bukit Asam Tbk (PTBA) expects to post a Rp3 trillion net income this year, reaching its target which is 50% above ...
Tuesday, 29 November 11
DRY BULK MARKET BEGINS WEEK ON HIGHER NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Contrary to what had been the case during the past few weeks, this one began on a high note for the dry bulk market, with the Capesize sector pullin ...
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- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Thiess Contractors Indonesia
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