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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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Thursday, 04 February 10
INDIA`S APPETITE FOR COAL EXPECTED TO RISE SHARPLY
Coal powers more than half of India's electricity plants and demand for the commodity is expected to rise sharply as the third-largest Asian econom ...
Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
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- Sical Logistics Limited - India
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- Standard Chartered Bank - UAE
- White Energy Company Limited
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
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- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
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- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
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- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Planning Commission, India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- The Treasury - Australian Government
- The University of Queensland
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
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