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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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Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
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- Goldman Sachs - Singapore
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- Simpson Spence & Young - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
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- Siam City Cement PLC, Thailand
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- Gujarat Mineral Development Corp Ltd - India
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- The Treasury - Australian Government
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- Sarangani Energy Corporation, Philippines
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- Eastern Coal Council - USA
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- ASAPP Information Group - India
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- London Commodity Brokers - England
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- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
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- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
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- MS Steel International - UAE
- Eastern Energy - Thailand
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- Chamber of Mines of South Africa
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- Romanian Commodities Exchange
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- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
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- Global Coal Blending Company Limited - Australia
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- Barasentosa Lestari - Indonesia
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- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
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