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Thursday, 18 December 14
INDONESIA TO REVISE UP COAL OUTPUT TARGET TO 460 MILLION TONS IN 2015
 COALspot.com: Indonesian government has revised up its next year coal output forecast to 460 million tons from its previous forecast of 421 million tons instead of revised down of its owned declared coal price reference in this month. The Indonesian coal price reference, known as HBA, stood at US$64.65 per ton in December, a 21 percent drop compared to the $81.9 per ton in January.
According to Jakarta post reports, the Energy and Mineral Resources Ministry’s mineral and coal director general, said the coal output target for next year will be 460 million tons with 110 million tons to be allocated for domestic market obligations and the remaining 350 million tons would be for export. The government says it is expecting to see higher coal production next year with the hope it will get more income to offset the continuing decline in global prices.
The output target represents an increase of about 9.5 percent from the maximum output of 421 million tons previously expected for this year, the Jakarta Post further said.
Early this month, the Indonesian Coal Mining Association (APBI), has called on the country’s miners to cut production by 100 million tonnes next year, from over 400 million tonnes of coal estimated for this year in a bid to boost slumping coal prices.
Previously, or until this new development, the government has been also trying to limit coal production to between below 421 million tons — the same level as last year’s production — as part of an attempt to save the resource for future use as well as avoid pressure on coal prices.
However, the government of Indonesia now revised up its target to produce more coal for more income. With higher coal output in 2015, as quoted by media, the mineral and coal office is expecting income from the sector to increase by Rp 10 trillion (approximately $ 787,004,471). The target will increase contributions from the mineral and coal sector to go above the 2015 state budget of Rp 40.6 trillion (approximately $ 3,194,869,995) and the government believes that, the higher contributions from the higher production volumes is seen as necessary to offset the decline in coal prices.
As quoted by the Jakarta post, coal has become a significant contributor to state revenues. Under this year’s state budget, contributions from the mineral and coal sector are targeted to reach Rp 39.67 trillion (approximately $ 3,133,429,441), of which around 70 percent is expected from coal.
The realization of the contribution is expected to be only around Rp 34 trillion (approximately $ 2,686,462,207), according to the mineral and coal office’s secretary Paul Lubis. As of the end of November, the sector collected Rp 30.51 trillion (approximately $ 2,409,341,707) for the state, the paper further said.
The low realization was partly because the country implemented a ban on the export of mineral ores starting on Jan. 12, the paper further reported.
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Wednesday, 12 November 14
PANAMAX: WITNESSED A FAIRLY STABLE MARKET IN THE ATLANTIC
COALspot.com: Despite the fact that the Dry Bulk market noted another weekly increase, clouds of uncertainty returned mid-week onwards, as the mini ...
Wednesday, 12 November 14
SHIPPING MARKET INSIGHT - CHRISTOPHER T. WHITTY
COALspot.com: The fight continues between the low-cost iron ore producers and the big three: Vale, Rio Tinto and BHP Billiton. We are moving into a ...
Tuesday, 11 November 14
FACING CHALLENGES AND MEETING OPPORTUNITIES - INTERNATIONAL EPC CONFERENCE & EXHIBITION
Press Release: SKYCONNECTION and TRANSEVENT, which is fully supported by the Institution of Engineers Indonesia and Ministry of Industry of the Rep ...
Tuesday, 11 November 14
NEWCASTLE COAL SWAP CLOSED AT $ 52.65 FOR Q1' 15 DELIVERY
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery decreased US$ 2.83 (-5.10%) month over month and US$ 1.35 (-2.50%) week ove ...
Tuesday, 11 November 14
PORT OF NEWCASTLE'S OCTOBER COAL SHIPMENTS SLIPPED 7.40% M-O-M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1,115.7 mil ...
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- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Cement Manufacturers Association - India
- Planning Commission, India
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Minerals Council of Australia
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Aditya Birla Group - India
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
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