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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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Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
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- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- The University of Queensland
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Planning Commission, India
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
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