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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, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...
Wednesday, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen to jointly develop coal business in India ...
Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 ...
Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...
Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...
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- Mercuria Energy - Indonesia
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- Planning Commission, India
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- Energy Development Corp, Philippines
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- Intertek Mineral Services - Indonesia
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- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
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- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
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- Energy Link Ltd, New Zealand
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- Wood Mackenzie - Singapore
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- White Energy Company Limited
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- Heidelberg Cement - Germany
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- Karbindo Abesyapradhi - Indoneisa
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- India Bulls Power Limited - India
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- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
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- Ministry of Finance - Indonesia
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- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
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- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
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- IEA Clean Coal Centre - UK
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- The Treasury - Australian Government
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- Anglo American - United Kingdom
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- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
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