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Wednesday, 11 November 09
INDONESIA ASKS DOMESTIC COAL FIRMS TO SET ASIDE 30PCT OF OUTPUT
Indonesian government said that it had asked domestic coal producers to set aside 30% of their output next year to meet demand from new coal fired power plants.
Mr Darwin Saleh energy minister of Indonesia told members of the House of Representatives Commission VII said that "The government needs a guaranteed coal supply to support the 10,000 MW fast track program. Therefore, all coal producers should allocate 30% of their production to the domestic market."
Mr Darwin said that domestic demand for coal in 2010 had been estimated at 65 million tonnes, of which 85% would be needed for power plants. He said the quota for domestic producers would be updated every year.
Mr Bambang Setiawan director general of coal, minerals and geothermal energy at the ministry said that the government would limit coal exports to 150 million tonnes next year.
Mr Bob Kamandanu chairman of Indonesian Coal Producers Association said that "I'm confused why the government wants a 30% quota for domestic supply next year because I don't think the domestic market could absorb that much. The association has calculated that we could produce around 270 million tonnes next year. That means 81 million tonnes would be for domestic use while demand would only be at 60 to 70 millions."
The energy ministry has forecasts that the country would produce about 230 million tonnes of coal this year. Output totaled 172 million tonnes as of the end of August 2009. About 20% or 34.7 million tonnes had gone to the domestic market.
Source: Steel Guru
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Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
" ...
Monday, 22 August 11
MACRO ECONOMICS - PETER SAND BIMCO / HELLENIC SHIPPING
The US is jeopardising the global recovery as job creation remains top challenge across the board.
Global economy: While growth in most emerging ...
Sunday, 21 August 11
SUPRAMAX AVAILABILITY WAS TIGHT DUE TO UPCOMING RAMADAN HOLIDAYS
COALspot.com - The financial markets have been in turmoil with all major stock exchanges down and uncertainty prevails. However the shipping market ...
Sunday, 21 August 11
TUAH TURANGGA ACQUIRES DUTA NURCAHYA
Coal miner PT Tuah Turangga Agung, a wholly owned subsidiary of PT United Tractors Tbk (UNTR) via PT Pamapersada Nusantara), has agreed to acquire 6 ...
Friday, 19 August 11
INDIAS CICTL HAS ACHIEVED ONE MILLION TONS OF DISCHARGE
COALspot.com - Chettinad International Coal Terminal (CICTL) in Ennore port, a state of the art mechanized coal terminal, which was inaugurated on 28t ...
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- Romanian Commodities Exchange
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- Australian Coal Association
- Commonwealth Bank - Australia
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- VISA Power Limited - India
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- Economic Council, Georgia
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- Straits Asia Resources Limited - Singapore
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- Standard Chartered Bank - UAE
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- Orica Mining Services - Indonesia
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- Carbofer General Trading SA - India
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- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
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- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
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- Aditya Birla Group - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
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- Posco Energy - South Korea
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- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
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- Ministry of Mines - Canada
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- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
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- Port Waratah Coal Services - Australia
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- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
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- White Energy Company Limited
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- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- India Bulls Power Limited - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
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- European Bulk Services B.V. - Netherlands
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- Planning Commission, India
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- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
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