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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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Thursday, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
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- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Ministry of Mines - Canada
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Parliament of New Zealand
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
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