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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. ($1=9,485 rupiah)
Source: Reuters / Fitri Wulandari
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Saturday, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Sup ...
Friday, 18 December 09
CARGOTEC WINS IBJ'S BEST SHIP LOADING / UNLOADING SYSTEM AWARD WITH SIWERTELL
Cargotec’s Siwertell ship unloader has recently won International Bulk Journal’s best ship loading/unloading system award for 2009; out ...
Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD
A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.
Hancock Prospecting is proposing ...
Friday, 18 December 09
CHURCHILL MINING COMPLETES FEASIBILITY STUDY FOR EAST KUTAI COAL PROJECT
Churchill Mining Plc has announced the completion of the feasibility study for its flagship project, the 75% held East Kutai coal project in Indones ...
Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
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- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Australian Coal Association
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- The University of Queensland
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Planning Commission, India
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
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