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Tuesday, 31 December 13
INDONESIA'S COAL PRODUCTION COULD HIT 450 MMT IN 2014 - ICMA
 COALspot.com: Indonesia, the fourth largest coal producer and largest coal exporter in the world, to increase coal output in year 2014 instead of the unfavourable coal prices in 2013.
According to the Jakarta post, the English language news paper, Indonesian coal production will keep growing next year as the country’s miners increase their output to tap expected higher demand. The deputy chairman of the Indonesian Coal Mining Association, Herman Kasih, said the country’s coal production could hit 450 million tons next year, as quoted by the post.
“Coal miners are targeting higher production. There’s growing demand in the global market, including from Japan, which will increase coal purchases after it shuts down its nuclear generated power,” Herman said.
Japan closed its last operating nuclear reactor in September, following a tsunami that hit the country in March 2011. The country now has all of its 50 nuclear reactors offline, the post says.
However, the Energy and Mineral Resources Ministry mineral and coal forecasts the coal output in 2014 will reached only 400 million tons.
In the meantime, Bob Kamandanu, Chairman of the Indonesian coal mining association, urged all coal mining companies, particularly members of ICMA, to rein-in their coal out in 2014 to help improve coal prices in an oversupplied market, according to an interview published by Coal Asia recently.
According to Raras Cahyafitri of the post, Energy and Mineral Resources Ministry mineral and coal general director R. Sukhyar said Indonesia’s coal production would reach 421 million tons this year, seeing hopes of output at 391 million tons fade. This year, total production will be around 3.4 percent growth compared to the 407 million tons mined in 2012. “Next year, the production is estimated to remain at around 400 million tons,” Sukhyar said.
As the association and the ministry played safe on the outlook, the country’s coal producers have set a two-digit increase in production for next year, according to Raras Cahyafitri.
PT Bumi Resources, the controlling shareholder of two giant coal miners — namely PT Kaltim Prima Coal and PT Arutmin Indonesia — has said it expected up to a 15 percent increase in production next year from this year, estimated at 74 million tons in mined coal, the post further said.
PT Berau Coal, the country’s fifth largest coal digger, is targeting to mine 25.7 million tons of coal next year, according to the company’s general manager for corporate communication, Singgih Widagdo. The production target will be almost 12 percent growth compared to 23 million tons this year, as quoted by the post.
State-owned PT Bukit Asam has set a production target of 22 million tons next year, increasing by around 22 percent from this year’s output, which is expected to reach 18 million tons, post says.
Indonesian miners growing production will encourage oversupply in the global market, whose demand recovery, particularly in the biggest-consumer China, is not as quick as expected and will unlikely absorb growing supply, analysts have pointed out, the post's today report indicated.
“Low-cost producers maximize production volume. Production will increase further owing to capacity expansions that producers made in 2010-2012,” Moody’s Investors Service said in a report.
Moody’s expects no massive changes in the coal price, and for it to remain flat at around US$80 to $85 per tons for thermal coal and at $150 per ton for coking coal next year.
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Tuesday, 17 December 13
NEWCASTLE COAL EXPORTS UP 37.83% WEEK ON WEEK
COALspot.com: In the week ended December 16, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.45 ...
Monday, 16 December 13
SUB-BIT FOB INDONESIA COAL SWAP LOST $ 0.53 IN A WEEK
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery gained $ 0.91 pmt month on month on Friday 13 December 2013 ...
Monday, 16 December 13
API 8 CFR SOUTH CHINA COAL Q3' 14 DELIVERY PRICE CLOSED $1.63 LESSER THAN Q1' 14 PRICE
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 5.34 percept month on month as on Friday 13 December 2013. ...
Sunday, 15 December 13
SUPRAMAX'S FREIGHT RALLY COMES TO AN END THIS WEEK
COALspot.com: The BDI was up by 7 pct closing at 2,330 points week on week and the cape index was also up by 10.51 points and closed at 4,246 points ...
Friday, 13 December 13
HARD COAL : VOLUMES POSSIBLY AT RECORD-BREAKING HIGH; PRICES POSSIBLY AT A RECORD-BREAKING LOW - VDKI
Press Release : World Hard Coal Market 2013: volumes possibly at record-breaking high, prices possibly at a record-breaking low. German and UK impor ...
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- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
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- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
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- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
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- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
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