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Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
 Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligations. Failure to comply may cost producers half of their output.
“Our company is aiming to supply 20 to 25 percent of domestic demand,” said Sandiaga Uno, director of PT Adaro Energy, the nation’s No. 2 producer. “We hope to supply at least 11 million tons to the market this year.”
The Energy Ministry decree, which went into effect on Jan. 1, requires coal miners to meet domestic demands before exporting their coal. The DMO would be based on projections of domestic needs three months in advance.
The initiative is aimed at securing adequate fuel for the nation’s ongoing fast-track electricity generation program. Producers in the past have been reluctant to reserve output for domestic use because coal fetches higher prices abroad.
Sanctions for not meeting the DMO vary from a written reprimand to a production cut of up to 50 percent for producers the following year. Buyers may also be punished if they fail to fulfill their purchasing commitments, with their orders in the next year being slashed by as much as half.
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“Our company is aiming to supply 20 to 25 % of domestic demand and to be the biggest coal supplier for domestic demand”
- Sandiaga Uno, PT Adaro Energy |
The government expects domestic demand of 75 million tons this year, while total coal production has been estimated at 280 tons.
The Indonesian Coal Producers Assocation (APBI), however, has insisted that the government’s demand forecast was too high and that the domestic market could not absorb that amount.
Sandiaga said Adaro would supply power plants in Java and Bali to meet its obligation. The company’s production rose to 40.59 million tons in 2009 from 38.48 million in 2008.
“Our company aims to be the biggest coal supplier for domestic demand,” Sandiaga said.
State-owned coal miner PT Tambang Batubara Bukit Asam said on Friday that it would allocate 8.6 million tons, or 61 percent of its total production this year, to the domestic market, up from 8.3 million tons last year.
Pri Agung Rakhmanto, an energy analyst at the Reforminer Institute, said the government should also issue a regulation pushing producers to reserve even more coal for the domestic market.
To make the obligation more palatable to miners, Pri suggested that the government raise the price it pays for coal to fall more in line with international prices.
“It’s still a better alternative than the government having to import from overseas with higher price” Pri said.
The National Energy Council, which advises the House of Representatives and the president, is currently considering a proposal to ban exports of coal, perhaps as soon as 2015, saying the nation would be able to absorb all coal production by that time.
Driving calls for the ban is the need for energy security amid diminishing coal reserves. Herman Darnel Ibrahim, a council member representing the mining industry, said the ban was needed because the nation’s remaining coal reserves were estimated to be sufficient for only 20 years.
But Energy Minister Darwin Zahedy Saleh, executive chairman of the council, said the ban would probably not be implemented as long as the country had a stable supply.
According to the Energy Ministry, 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 government’s 230 million ton target.
About 78 percent of the output was exported to buyers in Japan, China, India, Australia and Africa, with the rest sold domestically.
Bambang Setiawan, director general of coal, minerals and geothermal at the ministry, said coal exports in 2009 were worth $14.85 billion.
Source: The Jakarta Globe
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Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
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- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
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- The University of Queensland
- San Jose City I Power Corp, Philippines
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- Baramulti Group, Indonesia
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- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
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- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Parliament of New Zealand
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
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- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
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- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
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- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
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- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
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- Energy Development Corp, Philippines
- Independent Power Producers Association of India
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