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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, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
Wednesday, 13 January 10
ADHUNIK GROUP TO BUY 50 PCT IN AUSTRALIA MINE
The Adhunik group of Industries is in talks to acquire 50 percent in an Australian coking coal mine for $100 million, the Economic Times reported on ...
Wednesday, 13 January 10
COAL MARKETS 2010 CONFERENCE - SINGAPORE, 28 - 29 JANUARY 2010
COALspot.com (Press Release): As an established annual event that has been running for more than 7 years now with extensive industry support from ke ...
Wednesday, 13 January 10
IRON ORE PRICE TIPPED TO RISE 40PC, SAYS ANZ
THE price battle in the controversial iron ore negotiations is expected to intensify.
ANZ senior commodities analyst Mark Pervan has increased h ...
Wednesday, 13 January 10
KANGAROO RESOURCES KICKS OFF INDONESIAN COAL PRODUCTION
Coal-focused company Kangaroo Resources has formally joined the ranks of international coal operators after wrapping up the delivery and sale o ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
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- Australian Coal Association
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- The State Trading Corporation of India Ltd
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- Australian Commodity Traders Exchange
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- Iligan Light & Power Inc, Philippines
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- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
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- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
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- International Coal Ventures Pvt Ltd - India
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- Billiton Holdings Pty Ltd - Australia
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- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
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- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
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- Toyota Tsusho Corporation, Japan
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- Ministry of Mines - Canada
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- Rashtriya Ispat Nigam Limited - India
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- New Zealand Coal & Carbon
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- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
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- Miang Besar Coal Terminal - Indonesia
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- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
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- Banpu Public Company Limited - Thailand
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- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
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- Anglo American - United Kingdom
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- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- CNBM International Corporation - China
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- Power Finance Corporation Ltd., India
- The University of Queensland
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- Leighton Contractors Pty Ltd - Australia
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- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
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- Carbofer General Trading SA - India
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- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Parliament of New Zealand
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- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
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- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
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- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
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- SMG Consultants - Indonesia
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- Manunggal Multi Energi - Indonesia
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- Minerals Council of Australia
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- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
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- Singapore Mercantile Exchange
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- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
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- ASAPP Information Group - India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
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- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
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- Directorate General of MIneral and Coal - Indonesia
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- Economic Council, Georgia
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