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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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Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
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- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Posco Energy - South Korea
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
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- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
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- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
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