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Tuesday, 25 August 09
COAL OUTPUT TO RISE IN H2 BUT EXPORTS TO GO FLAT
 The leading english news paper in Indonesia reported that, It is estimated coal production will rise by 5.7 percent in the second semester from a year earlier, to bring full-year output growth to around 5 percent, although exports will remain stagnant on slightly slower demand, an industry grouping says.
In the first half of the year, coal production reached 122 million tons or about 4.2 percent higher than the same period last year, according to the Indonesian Coal Mining Association (APBI).
For the July-December period, APBI chairman Bob Kamandanu, said that the country's total production may increase by 5.7 percent to 128 million tons, from 121 million tons in the same period last year.
The increase, he said, was because the largest players in the industry increased production. The largest players in the industry include PT Bumi Resources, PT Adaro Indonesia, PT Kideco Jaya Agung, PT Berau Coal and PT Bukit Asam.
While production is rising, exports are predicted to remain relatively flat, close to the level of 160 million tons.
Bob said that declining demand from overseas industries, as they reduced their coal imports, mostly due to the global economic crisis, was the reason behind the stagnation in the country's coal exports.
"Companies from the export destination countries requested to reduce their imports by between 10 percent and 20 percent earlier this year," he said, adding that China might reduce its coal imports by 5 percent this year.
Therefore, the association expects a minor growth in exports this year, only by between 2 percent and 3 percent, to between 163.2 million and 164.8 million tons, from 160 million tons last year.
Domestic consumption meanwhile is expected to increase by 15.38 percent to 90 million tons this year, from 78 million tons last year.
He said domestic demand, showing a different pattern from exports, was still dominated by industries, such as the State Electricity Company (PLN) and coal-fired power stations like PT Paiton Energy.
Domestic coal prices averaged around Rp 600,000 per ton depending on its quality, up 18.28 percent from Rp 507,240 per ton last year, he said. (nia)
Source: The Jakarta Post
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Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
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- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
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