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Wednesday, 09 March 16
RI MAY HAVE TO IMPORT COAL FOR FUTURE POWER PLANTS: STUDY - THE JAKARTA POST
 With coal prices continuing to decline, Indonesia will struggle to provide the coal needed to fire up its power stations in the near future, a study predicts.
The government is struggling to expedite a number of power plant projects under its ambitious 35,000 megawatt (MW) generation program, aimed at supporting the country’s economic growth.
The program expects that coal can fulfill 66 percent of the primary energy sources for power plants by 2024, which is equivalent to 361 gigawatt hours (GWh) output by coal-fired power plants.
The study, which was conducted by the Indonesian Coal Mining Association (APBI) in cooperation with PricewaterhouseCoopers (PwC) Indonesia, however, suggests that the country’s coal-fired power plants will not be able to provide the expected 20,000 MW for the next 25 to 30 years, based on current commodity prices.
“This is due to the current commodity prices as a result of which the coal sector’s profitability has reached its lowest point and there has been a decrease in production by coal companies,” PwC’s president director advisory, Mirza Diran, said Monday in a press conference.
The government has so far been optimistic about the feasibility of the program as according to data from the Energy and Mineral Resources Ministry, Indonesia had around 32.3 billion tons of coal reserves in 2014.
APBI and PwC’s study, however, shows that with declining coal prices throughout last year only between 7.3 and 8.3 billion tons of these reserves are economically viable to mine. This preliminary projection indicates that these reserves will be depleted by 2033-2036.
“Mining requires funds. If the price of coal is US$50, while it costs $60 to mine, then the coal will automatically not be mined. It is as if we have a decrease in reserves,” APBI chairman Pandu P. Sjahrir said.
Coal prices have steadily declined in the past few years, amid oversupply and declining demand from major coal importer China.
Australia’s Newcastle coal price, an Asian benchmark, dropped to $51.29 per ton, as estimated by Reuters in late February. Meanwhile, Indonesia’s coal reference price (HBA) dropped to $50.92 in February from $53.2 in January.
The study, which surveyed 25 coal-mining companies, showed coal-producer earnings before interest, tax, depreciation and amortization had dropped by 60 percent to $2.6 billion in 2014 from $6.5 billion in 2011. It is expected to decrease by 16 percent in 2015.
This has also caused capital expenditure to drop by around 79 percent to $400 million in 2015 from $1.9 billion in 2012, and it is expected to continue to decrease this year by 10-20 percent. Consequently, mining exploration to find new coal reserves has largely stopped.
Pandu explained that the findings showed that there was a possibility Indonesia would have to start importing coal by 2030. “This means that we’ll have to start importing starting from around 2030, even though we have always been exporters,” he said.
Source: The Jakarta Post
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Wednesday, 24 February 16
PRIVATE EQUITY FUNDS LOOKING TO EXIT SHIPPING, MOST NOTABLY DRY BULK, AS OVERORDERING HAS RESULTED IN EXCESS TONNAGE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The injection of more than $13 billion in shipping from various private equity funds over the past few years has resulted in what many feared would ...
Wednesday, 24 February 16
THIRTEEN - NOT ALWAYS AN UNLUCKY NUMBER? - CLARKSONS
Back in early 1999 the price of a 5 year old Panamax bulkcarrier dipped to $13.5m, and ever since analysts have hailed purchase decisions made at t ...
Monday, 22 February 16
4200 GAR COAL INDEX SETTLES AT $27.02, DOWN 0.07% FROM LAST WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.17 percent week over week to averaging $38.89 per ton on this past Friday, ...
Monday, 22 February 16
FREIGHT MARKETS PICKED UP SLIGHTLY THIS PAST WEEK
COALspot.com: The freight markets picked up slightly this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of gl ...
Friday, 19 February 16
INDONESIAN HBA HITS A NEW LOWS BELOW $51 A TON AS OVERSUPPLY, LOW DEMAND WOES PERSIST
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price further deep in February 2016. HBA has slumped second time t ...
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- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
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