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Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
 Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop its exports in order to help strengthen the country`s energy resilience.
As it is now carrying out its second coal-fired 10,000 MW power crash program, Indonesia, with coal reserves estimated at 4,328 million tons, will need to save its coal as an energy source to meet future needs.
A recommendation to that effect is now being formulated by the National Energy Board (DEN), and will later be submitted to the government. According to DEN member Rinaldi Dalimi, during a meeting with Commission VII of the House of Representatives recently, Indonesia should save its coal as an energy reserve to meet future needs.
"Up till now, DEN members are still discussing a strategy to keep coal to ourselves and the benefits to be derived by such a policy. The finalized recommendation is expected to be presented to the government in February 2010," he said.
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"The coal price 30 years from now will surely be much higher. DEN’s recommendation is expected to be presented to the government in February 2010 "
- National Energy Board
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Rinaldi argued that keeping coal as a future energy source would give maximum benefit to Indonesia since the product`s price was expected to rise in the years ahead. In addition, the present coal production of 250 million tons per year would only reach its break-even point in the next 20 to 30 years.
"The coal price 30 years from now will surely be much higher, " he said adding that stopping coal exports would also better ensure the fulfillment of future domestic needs.
DEN is an institution tasked to draw up formulas for national energy policies. It is chaired by President Susilo Bambang Yudhoyono with the vice president as vice chairman, and the energy and natural resources minister as executive chairman.
Indonesia has of late been experiencing power shortages that forced state electricity company PLN to impose rotating blackouts in the country`s major cities. The power crisis is expected to be overcome after the completion of the second phase of the government`s 10,000-MW power generation program.
Legislator Sutan Bhatoegana some time ago said the government had guaranteed that coal producers at home would increase their production from 230 million tons per annum to 280 million tons in order to help meet the domestic need for coal.
According to the Association of Indonesian Coal Mining Companies (APBI), Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons.
APBI`s chief public relations officer, Herman Heru Suprob, said on Wednesday the 2010 target was higher than last year`s which reached 254 million metric tons of which 85 percent was contributed by APBI members.
"If all goes well, we believe production in 2010 will reach 275 million to 280 million metric tons," he said.
Herman admitted the industry had had to deal with various problems in 2009 so that it was unable to reach its production target and even produced 20 percent less than the year before. One of the problems, he said, was licensing, particularly for mining in forested areas, a process that could take between six and 12 months to complete.
He said this had happened because of lack of coordination between the central administration, in this case the energy and mineral resources ministry and regional administrations as well as between provincial and district administrations. "The industry would suffer if they would go by themselves and become egocentric," he said.
According to a 2008 statistical energy survey, as quoted by the MBendi Information Services portal, Indonesia has coal reserves of 4,328 million ton. Indonesia is one of the leading exporters of sub-bituminous coal which represents the bulk of Indonesian coal production.
Based on the survey, Indonesia has coal production of 174.83 million tons in 2007, and consumption of 27.8 million tons oil equivalent. Most of Indonesia`s coal reserves are situated in the southern parts of Sumatra with the balance located in Kalimantan, West Java, and Sulawesi.
State-owned PT Tambang Bukit Asam (PTBA) is one of the five largest coal producers in Indonesia. In the past several years, almost a quarter (22 percent) of its production was exported to international markets, including Japan, Taiwan, Malaysia, Pakistan, Spain, France and Germany. The company has mineable reserves of approximately 7.3 billion tons or 17 percent of the total coal reserves in Indonesia.
For this year, PTBA has set itself the target of producing 14 million tons of coal and a sales turnover of Rp8.9 trillion. Of the sales turnover, Rp6 trillion was expected to come from exports and the rest from domestic coal sales.
At the same time, the volume of PTBA coal sales is projected at 12.224 million tons of which 4.46 million tons would be exported and 7.764 million tons sold at home.
The state-owned coal mining firm has also set aside Rp1.5 trillion to acquire other coal mining ventures in 2010. According to its President Director Sukrisno, PTBA is exploring the possibility of acquiring coal mining companies in Kalimantan while developing its existing coal mining operations.
Ar present PTBA was making a bid to acquire a "greenfield" mining concession (KP) in Kalimantan. "We are also interested in taking over mining ventures overseas such as in Australia and Africa," he added.
PTBA has been intensively looking for coal mining ventures at home it could acquire but would not yet do the same abroad in 2010. "Acquisitions overseas are included in our medium- and long-term plans," he said.
Source: Antara
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Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
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- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Planning Commission, India
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Australian Coal Association
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
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