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Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel manufacturers, the electric and coal price in 2010 may rise by over 40%.
Dileep Srivastava, senior deputy chief executive officer of PT Bumi Resources investors' relationship noted that due to the recovering Asian economy and increasing investment in coal industry, Japan power plants may raise the steam coal price in the fourth quarter of 2010 to around US$100 per ton.
Dileep Srivastava expressed on October 9 in Singapore that the coal demand from China, India and Indonesia will maintain the price higher, however, the demand from the developed countries will continue stay normal.
PT Bumi Resources estimated that the average price of coal mines excluding the freight and other charges is US$61-62 per ton, while the price in 2008 was US$73.30 per ton.
Srivatsava said that the recovering steel demand may tie down the heat energy coal supply and boost the price.
According to the report on October 6, because the global crude steel production in 2010 will climb by 12% to 1.4bln tons setting a record, the hard coking coal price may soar to US$180 per ton from the previous expectation's US$155 per ton.
Srivastava added that PT Bumi Resources plans to increase the coal exports to China and India in 2012 and its production will hike to 100mln tons from last year's 53mln tons, 20% of output to be exported to China and India.
Source: Alibaba
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Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
Wednesday, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in ...
Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domest ...
Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the reali ...
Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by abou ...
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- OPG Power Generation Pvt Ltd - India
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- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
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- Indian Oil Corporation Limited
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- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Parliament of New Zealand
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- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
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- Indian Energy Exchange, India
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- Bhatia International Limited - India
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- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
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- Energy Development Corp, Philippines
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- Bayan Resources Tbk. - Indonesia
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- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- PTC India Limited - India
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- White Energy Company Limited
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Planning Commission, India
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
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- Orica Mining Services - Indonesia
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- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
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- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
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- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
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