We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Sunday, 30 September 12
INDONESIA HAS NO PLAN TO CAP COAL PRODUCTION
 COALspot.com - “The current low coal prices were mainly due to a global oversupply condition, spurred by numerous mining exploitations in the past 3-4 years due to attractive coal prices”, said Edi Prasodjo, Director of Coal Business Development at the Ministry of Energy and Mineral Resources (MEMR), Monday during “Indonesia Coal Price Trend and Market Outlook” conference, as quoted by Bahana Securites note to its clients.
Bahana Securities note further said that, Edi Prasodjo further commented that current low prices are challenging for Indonesian small-to-medium coal companies with many of them having stopped production. MEMR forecasts a lower production output of coal in 2012. Ministry of Energy and Mineral Resources is expecting the will fall to 332 million tons, down 6 percent y-y.
Energy and Mineral Resources ministry, however, forecasted a higher production output in 2013 and 2014. The ministry is expected the production in 2013 will be around 337 million tons and 342 million tons in 2014, still at same levels or lower than 2011 production volume.
According to Bahana’s note, Indonesia has already produced around 215 million tons of coal for first seven months of this year expects further deceleration in the remaining period of 2012.
The government has no plan to cap coal production to mitigate the current oversupply condition, as indicated by Director of Coal Business Development at the Ministry of Energy and Mineral Resources. Bahana said in its note, according to Edi Prasodjo, the production output restriction is unlikely to occur in the short-term as coal’s importance in the Indonesian state budget. Coal exports contributes IDR 20.8 trillion as non-tax state revenue in 2011 up from IDR5.8t in 2007.
In addition to that, the government is still converting all Non-Clean and Clear (Non-CNC) IUPs to be CNC IUPs and it is expected to be completed by the end of this year.
According to Bahana, “we learned an interesting development within the global coal industry”. Bahana said, according to a coal company, some of US manufacturers are starting to pulling back manufacturing plants from China to the US on the back of lower production costs helped by the availability of cheap shale gas. This coupled with the eventual repair of China’s railway problem and other technological advancement such as HVDC cable will pose longer term uncertainties on the fundamentals of coal.
Bahana adopts a different view on world coal outlook compared to a Mackenzie keynote speaker, in which he stated that longer term coal fundamentals would remain intact with main demand coming from China and India. Mackenzie believes that Chinese coal imports are mainly driven by coal price arbitrage between domestic and international coal prices.
Testimony to this was higher 8M12 coal imports (+44% y-y, exhibit 10), although we note volumes had been on the decline in the past two months with August volumes just up a paltry 4% y-y. In 2013, Mackenzie also expects China’s coal imports to grow 11% y-y to 250m tons, before further increasing to 500m tons in 2020 on higher demand. In India, coal imports are expected to almost double from the current 100m tons to nearly 200m tons in 2020 caused by infrastructure bottleneck (India's power plants are mainly concentrated in Western, Southern and Northern India, while production is based in Eastern India). However, we note that Mackenzie does not see much coal price improvement through 2013 from current levels.
Bahana believes upside potential on coal price remains limited due to weak coal demand. Bahana maintains its 2012 average coal benchmark price at USD97/ton, but Bahana’s forecasts prices for 2013 is much lesser than 2012 price. Bahana maintains it 2013 coal prices at USD85 / ton in 2013, around US$ 12.00 below its 2012 forecasts. Bahana retains its underweight stance on coal sector and expect its underperformance to persist going forward. Currently, with 23% average downside to our target prices (TPs), all of Bahana’s covered coal companies have reduce ratings.
In the meantime, the Jakarta globe, an English new paper in Indonesia reported that, the Indonesian government has scrapped plans to raise coal sales in the domestic market until at least 2014, as state utility company Perusahaan Listrik Negara (PLN), its main customer, has more than enough stock, a senior official at the Energy and Mineral Resources Ministry said.
“There used to be a plan to increase the DMO so that PLN could get more [coal], but now PLN has more than enough,” Rudi Rubiandini, deputy minister for energy and mineral resources, said on Friday, as quoted by The Jakarta Globe.
According to paper, Rudi’s statement echoed those of Helmi Najamudin, the head of the coal division at PLN, who said supply had surpassed consumption for the next two years. Helmi said coal consumption would exceed supply in 2015, where it will reach 88.8 million tons.
As Indonesian domestic market is not going to absorb more coal at least for another two years, the oversupply of coal to export market is unavoidable. Hence the coal price recovery will be in slow move unless there is any unexpected situation occurred in oil industry, oil transportation routes or demand side.
"The best way to escape from a problem is to solve it." – unknown source
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 10 October 12
TAPPING OPPORTUNITIES WITHIN GLOBAL ECONOMIC PERSPECTIVE
Press Release: Mining sector will continue to play a significant role in supporting industrial and economic development in Indonesia which is curren ...
Tuesday, 09 October 12
REALM RESOURCES RECOMMENCES DRILLING AT KATINGAN RIA COAL PROJECT
COALspot.com : Realm Resources Ltd. (ASX) has announced that it has commenced work on the phase three technical programme at its Katingan Project in ...
Sunday, 07 October 12
INDONESIAN GOVERNMENT DECLARED HBA FELL AGAIN IN OCTOBER
COALspot.com - The Indonesian government’s declared coal reference price has lost US$ 0.17 per MT M-M.
The monthly coal referen ...
Saturday, 06 October 12
CFR SOUTH CHINA COAL SWAPS FOR DECEMBER'13 DELIVERY GAINED 1.3 PERCENT W-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery gained 0.098 percent and 0.164 percent W-W and D-D respectively o ...
Saturday, 06 October 12
FREIGHT MARKET IS LIKELY TO PICK AFTER THE HOLIDAYS IN CHINA - VISTAAR
COALspot.com - The freight market appeared to be seeing some increase BDI up by 14.23 pct closing at 875 points. The Cape and Panamax index also saw ...
|
|
|
Showing 4546 to 4550 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- The University of Queensland
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Planning Commission, India
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
|
| |
| |
|
