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Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
 * Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal miner PT Tambang Batubara Bukit Asam expects coal sales to increase by more than a fifth next year, and forecast its 2009 revenue will have climbed 25 percent despite selling less coal.
Bukit Asam, valued at just over $4 billion, expects to sell 15.6 million tonnes of coal in 2010, as it sees stronger demand in China and India as well as in traditional markets such as Japan, its president director said on Tuesday.
The company expects its 2009 revenue to hit 9 trillion rupiah
($945 million), compared to 7.2 trillion rupiah in 2008, as coal prices rose, Sukrisno said in an interview.
"We managed to get higher prices this year because we started negotiating with buyers earlier, before coal prices fell," he said.
The price of Australian thermal coal, a benchmark in Asia, hit a near 2-year low at around $58 a tonne in March as the global economic downturn dented sales. But prices rebounded last month, topping $80 a tonne, primarily on revived Chinese demand.
Bukit Asam expects 2009 coal sales of 12.6-12.8 million tonnes, slightly below a target of 13 million tonnes, due to lower domestic sales, but its average export price for January-September was $69.98 a tonne, versus $67.04 a year ago.
The company has agreed to sell some small cargoes of coal with a heating value of 6,700 kcal/kg air-dried basis (ADB) to Japanese buyers at about $75 a tonne for January-March delivery, Sukrisno said.
Coal prices are on an uptrend, so we want to see how prices are doing next year before negotiating other cargoes," he said.
Bukit Asam exports about 30 percent of its output, mainly to Japan and Malaysia on long-term contracts, but also to South Korea, China and India on a spot term basis.
EXPANDING PORTS
Sukrisno said Bukit Asam would spend about 1.7 trillion rupiah to expand its Tarahan port in South Sumatra to help it lock in long-term contracts with more buyers and get into the European market. Despite mineable reserves of 2 billion tonnes, production remains low due to poor infrastructure. Output this year is estimated at just 11.8 million tonnes.
Bukit Asam will more than double Tarahan's capacity to 25 million tonnes a year, and hopes the expanded port will be operational by 2012.
"Having a bigger port will be our strength. Buyers will be more confident in making long-term contracts with us," Sukrisno said. "When we can handle capesize vessels, we can go to Europe, and freight rates will be cheaper."
The company also plans a new port near Lampung at the tip of Sumatera island with capacity to handle 22 million tonnes -- as part of a broader plan for a new 307 km (191 miles) rail line to connect to its coal mine in Central Bangko in South Sumatera.
Bukit Asam has said it plans to increase coal production to 50 million tonnes a year in 5-6 years by buying new mines and ramping up infrastructure, including ports and railways.
Bukit Asam shares closed down 1.2 percent on Tuesday, while the broader market .JKSE gained 1.5 percent. The stock has more than doubled so far this year on expectations for strong coal demand. ($1=9,485 rupiah)
Source: Reuters / Fitri Wulandari
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Wednesday, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. T ...
Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
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- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Economic Council, Georgia
- Parliament of New Zealand
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
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