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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 $1.9 billion in 2012, and it is expected to continue to decrease this year by 10-20 percent. Consequently, mining exploration to find new coal reserves has largely stopped.
Pandu explained that the findings showed that there was a possibility Indonesia would have to start importing coal by 2030. “This means that we’ll have to start importing starting from around 2030, even though we have always been exporters,” he said.
Source: The Jakarta Post
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Monday, 08 February 16
DRY-BULK SHIPPING DIVING DEEP
COALspot.com: The freight markets continued to fall this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of glo ...
Monday, 08 February 16
DRY BULK: SHIPBROKER SEES BDI MARKET REACHING LOW POINT OF 236 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The endless pit that is the dry bulk market over the past two months, has been the issue of debate among ship owners, shipbroker and analysts alike ...
Friday, 05 February 16
COAL INDIA EYES COAL MINES IN SOUTH AFRICA - PTI
“Coal India Ltd has plans of acquiring coal mines in South Africa,” an official said. It is looking at acquiring mines in partnership w ...
Friday, 05 February 16
U.S. WEEKLY COAL OUTPUT ROSE 4.2% TO 13.6 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.6 million shor ...
Thursday, 04 February 16
CAPESIZE: WEST AUSTRALIAN TO CHINA HAS BEEN CONCLUDED AT US$ 2.85 PMT AND THE C3 MARKET REMAINS INACTIVE - FEARNLEYS
Capesize
As everyone is getting ready for the Chinese new year, already depressed rates are under further pressure.
According to Fearnleys, ...
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- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
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