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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, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...
Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t &mda ...
Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...
Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET
Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal ...
Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Mond ...
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- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Planning Commission, India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
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