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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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Friday, 09 September 16
U.S. WEEKLY COAL OUTPUT DECLINED SLIGHTLY TO 16.1 MMST, EIA SAYS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.1 million short ton ...
Friday, 09 September 16
CAPESIZE: THE SENTIMENT IS SOLID, SAYS FEARNLEYS
Supramax
A quiet start with Labour Day celebrations in the United States leading to very little being reported from the Atlantic basin. Supramaxe ...
Thursday, 08 September 16
U.S. COAL EXPORTS IN JUNE 2016 UP 29% COMPARED TO MAY 2016, SAYS EIA
U.S. coal production in August was 71 million short tons (MMst), which is 6 MMst (9%) higher than in the previous month and 12 MMst (14%) lower tha ...
Wednesday, 07 September 16
WEEKLY MARKET (TANKER) REPORT - INTERMODAL
What goes around comes around! The Shipping industry is infamous for its seasonality and cyclicality and the tanker sector is no exception to these ...
Tuesday, 06 September 16
INDO GOVT. SETS SEPTEMBER COAL REFERENCE PRICE AT US$ 63.93 PER TON; JUMP 20.17% YTD
COALspot.com: The Indonesia coal benchmark price hits to its highest level since April 2015. The government declared benchmark prices f ...
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- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- White Energy Company Limited
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Planning Commission, India
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Bhatia International Limited - India
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
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