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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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Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
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- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
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- Singapore Mercantile Exchange
- Deloitte Consulting - India
- London Commodity Brokers - England
- Thai Mozambique Logistica
- MS Steel International - UAE
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
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- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
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- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
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- Australian Coal Association
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- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
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- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
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- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
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- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
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- Siam City Cement PLC, Thailand
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- Neyveli Lignite Corporation Ltd, - India
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- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- VISA Power Limited - India
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
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- Indonesian Coal Mining Association
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- The University of Queensland
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
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- Holcim Trading Pte Ltd - Singapore
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- Mintek Dendrill Indonesia
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- Bangladesh Power Developement Board
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