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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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Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...
Tuesday, 15 February 11
INDONESIAN COAL FOR HARYANA THERMAL PLANTS - PUNJAB NEWS LINE
To tide over the recurring coal shortage at thermal plants Haryana Power Generation Corporation Limited (HPGCL) has gone for Malaysian coal for its ...
Tuesday, 15 February 11
TONNAGE OVERSUPPLY TO CHOKE FREIGHT RATES IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a new report assessing the dry bulk market, BIMCO’s analysis suggests that freight rates for Capesize vessels are likely to remain depresse ...
Sunday, 13 February 11
COAL MARKETS 2011 TO HIGHLIGHT INDONESIAN COAL AND NEW SOURCES OF COAL SUPPLY
“Over 300 senior decision-makers from coal mining, power and trading companies expected to congregate in Singapore”
Press Release - K ...
Sunday, 13 February 11
YEAR OF RABBIT PUSHING FREIGHT MARKET UP
COALspot.com – “The market finally moved up with firmness in all sectors with some positive signs of markets recovering”, said Cap ...
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- TeaM Sual Corporation - Philippines
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- Global Business Power Corporation, Philippines
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- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
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- Economic Council, Georgia
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- Global Coal Blending Company Limited - Australia
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- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- London Commodity Brokers - England
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- Bhushan Steel Limited - India
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- Samtan Co., Ltd - South Korea
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- Karbindo Abesyapradhi - Indoneisa
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- Altura Mining Limited, Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
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- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
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- Ministry of Finance - Indonesia
- VISA Power Limited - India
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- Parliament of New Zealand
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- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
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- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
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- Bukit Makmur.PT - Indonesia
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- Ministry of Mines - Canada
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- MS Steel International - UAE
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- Planning Commission, India
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- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
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- San Jose City I Power Corp, Philippines
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