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Thursday, 15 September 16
INDONESIA MAY FACE A COAL CRISIS BY 2035!
 COALspot.com: Indonesia is the world’s fourth-largest coal producer and the world’s largest thermal coal exporter may face a coal crisis by 2035. According to the Indonesian coal mining association Indonesia may become a coal importer by 2035, if the country fails to address the coal supply issues on time.
Coal power generation in Indonesia is forecast to grow by 160% between 2013 and 2022 as the economy continues to develop, says WCA.
According to Chairman of ICMA, as quoted by Liputan6, "Indonesia is currently producing around 350-400 million tons per year and consuming around 170 million per year. At present annual production, the Indonesia will exhaust its coal reserves in about 20 years. Indonesia's economically retrievable coal reserves measured at around 8 billion tons and the Indonesian government is also aims to have 35 GWe of new power stations operating by 2019 - 2020.
According to Pandu Sjahrir, Chairman of ICMA, as quoted by Liputan6, In fact, Indonesia is having coal reserves of around 30 to 40 billion tons, which can meet long-term needs. However, based on the current coal price levels (US$ 70 per ton), only around 8 billion tons is economically retrievable reserves. A recent study by Pricewater house suggested that, coal in Indonesia will be exhausted by 2035.
Indonesia’s domestic coal consumption is expected to increase significantly coming years when the planned 35 gigawatts power stations fully operational.
According to ICMA, the association is discussing the issues with the government to find a workable solution to address the coal crisis that country may face by 2035. However the association says, as quoted by Liputan6, the coal export ban to secure the fuel for domestic use will not be the right step for Indonesia. If the government decides to ban coal exports, then, the country's mining industry would be shaken. The ban on coal export will lead to mine closures and layoffs of about 700 thousand to one million coal miners.
According to Chairman, as reported by Liputan6, ban on coal exports will only adding new problems. Instead of the coal export ban, the Indonesian Coal Mining Association urged the government to lock in measures to set coal prices based on cost plus.He strongly believes that, such a pricing policy would help stimulate investment in exploration and stabilize the economy, as well as secure coal reserves for the country's upcoming power stations.
“Coal is likely to remain the most affordable fuel for power generation in many developing and industrialized countries for decades” – World Coal Association
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Tuesday, 18 October 16
COAL PRICES KEPT CLIMBING
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
Tuesday, 18 October 16
PANAMAX: A FAIRLY POSITIVE END TO THE WEEK - ALLIED
Capesize
Things seemed to be moving sideways during the first half of the week, with resistance being felt as owners tried to resist any further ...
Monday, 17 October 16
THE FREIGHT MARKET WAS SOFTENED IN ALL SEGMENTS THIS PAST WEEK - VISTAAR
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline slightly and ending in a negative note this past ...
Friday, 14 October 16
SUPRAMAXES: DELIVERY SINGAPORE ARE SETTLING AROUND HIGH 6K'S FOR COAL TRIPS TO CHINA VIA INDO - FEARNLEY
Supramax
Wait and see attitude prevailing all over the market.
There have been several fresh cargoes, which have been efficiently covered by ...
Friday, 14 October 16
U.S. SHIPPED 3.3 MMST COAL IN JULY 2016; DECLINE 40% M/M
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.6 million short ton ...
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- Georgia Ports Authority, United States
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- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
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- Minerals Council of Australia
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- White Energy Company Limited
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- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
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- Petron Corporation, Philippines
- Indian Energy Exchange, India
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- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
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- San Jose City I Power Corp, Philippines
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- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
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- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
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- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Goldman Sachs - Singapore
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- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
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- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
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- Asmin Koalindo Tuhup - Indonesia
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- Chamber of Mines of South Africa
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- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
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- Electricity Generating Authority of Thailand
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- The University of Queensland
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