KALIMANTAN COAL

Coal Potential Map Indonesia

2011-07-06T03:29:00.000-07:00

Kalimantan Coal

PT TENAGA PERKASA NASIONAL (CLOSED), PT Indomuda Satria Internusa

2011-02-11T09:41:00.000-08:00

Owners : 90% Share PT. Indomuda Satria Internusa, Dec. 2010

More Info : archipelago_ukb@yahoo.co.id

2010-12-02T20:32:00.000-08:00

Kalimantan Coal

Dugaan adanya terowongan dari Malaysia

2010-10-31T21:28:00.001-07:00

Kalimantan Coal

Harian Kompas Jumat, 29 Oktober 2010 | 03:58 WIB
Pontianak, Kompas – Kementerian Koordinator Politik, Hukum, dan Keamanan menyelidiki dugaan adanya terowongan dari Malaysia ke Desa Jasa, Kecamatan Ketungau Hulu, Kabupaten Sintang, Kalimantan Barat. Terowongan itu diduga digunakan untuk mencuri deposit batu bara di Desa Jasa.
Asisten Deputi Tata Ruang Pertahanan Wilayah Perbatasan Kementerian Koordinator Politik, Hukum, dan Keamanan Mahu Amin mengatakan, jajaran intelijen berupaya mengumpulkan informasi soal terowongan itu.
”Kementerian Koordinator Polhukam itu sifatnya mengoordinasi. Jajaran intelijen dari instansi terkait masih mengumpulkan informasi,” tutur Mahu, Kamis (28/10) di Pontianak, seusai Rapat Koordinasi Teknis Desk Kalimantan dalam forum Percepatan Pembangunan Wilayah Perbatasan (P2WP).
Kementerian Koordinator Polhukam telah meminta informasi pengusaha pemilik izin pertambangan batu bara di Sintang. Perusahaan itu telah mengeksplorasi tambang sejak tahun 1993, tetapi hingga kini belum juga melakukan eksploitasi.
”Kami masih ragu bagaimana permodalan perusahaan tersebut karena rentang waktu eksplorasi mereka sangat panjang, sejak 1993 sampai sekarang. Pertanyaan kami adalah dari mana modalnya, tetapi kan kami tidak bisa masuk sampai sejauh itu,” kata Mahu.
Mahu mengatakan, dalam rentang waktu sangat panjang itu tentu butuh modal sangat besar untuk mengeksplorasi, sedangkan pemasukan tidak ada karena belum sampai ke tahap eksploitasi produksi batu bara.
”Laporan soal terowongan dan eksplorasi berkepanjangan itu kan menimbulkan kecurigaan, ada hubungannya atau tidak. Itu yang masih diselidiki,” katanya.
Beberapa bulan lalu masyarakat Jasa melaporkan adanya aktivitas di sekitar perbatasan yang dicurigai sebagai pembangunan terowongan. Masyarakat menduga, terowongan itu digunakan untuk mencuri batu bara yang ada di wilayah Sintang.
Asisten Deputi Urusan Wilayah Perbatasan Kementerian Pembangunan Daerah Tertinggal Noviar Lutfhi mengaku, ada pula laporan dari masyarakat yang menyebutkan bahwa ada pergeseran patok di Sintang.
”Kami menerima laporan, pergeseran patok itu ada motif ekonominya. Warga diiming-imingi sesuatu untuk menggeser patok ke arah Indonesia. Mereka tak tahu orang yang menjanjikan keuntungan itu dari perusahaan, negara, atau instansi tertentu. Yang jelas, ini pasti merugikan negara kita,” tutur Lutfhi.
Lutfhi menambahkan, laporan itu masuk ketika tim P2WP melakukan pengumpulan informasi di Sintang. ”Informasi itu kami teruskan dan kami angkat ke permukaan agar mendapat perhatian. Pada prinsipnya, kami tidak ingin hal ini terjadi dan berusaha mengantisipasi agar kedaulatan di wilayah perbatasan tetap terjaga,” tutur Lutfhi.
Mahu menambahkan, informasi itu harus dicek secara detail di lapangan. Pasalnya, bisa jadi tempat patok berada tidak ditemukan oleh tim pemeriksa ketika berpatroli ke daerah itu.
”Patok itu ditetapkan menggunakan GPS geodestik, sedangkan patroli biasanya menggunakan GPS handheld. Biasanya ada rentang perbedaan tempat sedikitnya 12 meter dari koordinat yang dimasukkan. Jadi, bisa saja patok tidak ditemukan karena posisinya tidak pas, bukan karena bergeser,” kata Mahu. (aha)

Merukh raih kontrak ekspor batu bara ke Meksiko

2010-03-02T21:47:00.000-08:00

Kalimantan Coal

JAKARTA (Bisnis.com): Merukh Enterprises Inc meraih kontrak ekspor batu bara kalori tinggi dengan TMM Coal, perusahaan tambang asal Meksiko senilai US$3 miliar dengan volume pengiriman pertama sebanyak 20 juta ton mulai tahun ini.Pemimpin Grup Merukh Enterprises Jusuf Merukh mengungkapkan kontrak ekspor batu bara berkalori 6.835-7.414 cal/gram tersebut akan dipenuhi melalui produksi Merukh Flores Coal, yang berlokasi di Kabupaten Ngada, Nusa Tenggara Timur.“Tahun ini [Flores Coal] sudah mulai produksi. Mereka [Meksiko] untuk tahun pertama ini akan membeli 20 juta ton, Nanti meningkat terus dan pada tahun ke-5 ditargetkan naik menjadi 30 juta ton,” ujarnya, kemarin sore.Jusuf memaparkan kontrak penjualan batu bara ke Meksiko tersebut tidak terlepas dari kunjungan Presiden Susilo Bambang Yudhoyono ke negara tersebut pada tahun lalu.Menurut dia, Pemerintah Indonesia bersama Pemerintah Meksiko telah menandatangani satu nota kesepahaman (memorandum of understanding/MoU) yang mengizinkan negara tersebut membeli batu bara dari Indonesia.“Penjualan batu bara ke Meksiko itu ada hubungannya dengan kunjungan Pak SBY ke Meksiko pada tahun lalu yang telah menandatangani satu MoU dengan Pemerintah Meksiko untuk mengizinkan negara itu untuk membeli batu bara Indonesia. Berdasarkan itulah kami melakukan negosiasi dengan perusahaan Meksiko.”Jusuf mengakui harga jual batu bara ke Meksiko memang sedikit lebih mahal dibandingkan dengan kontrak lainnya, yakni US$150 per ton. Namun, tegasnya, kesepakatan harga tersebut sesuai dengan kualitas batu baranya. “Dari semua proyek yang ada, produksi batu bara Flores Coal yang paling tinggi tingkatan kalorinya,” tutur Jusuf.(fh)

FS RAILWAY KALIMANTAN 2000 IEEJ

2010-01-04T23:20:00.000-08:00

Kalimantan Coal

Border Project Sintang-Serawak

2009-11-06T07:15:00.000-08:00

Kalimantan Coal

PT BHUMI BATU PERSADA

2009-10-10T07:07:00.000-07:00

Buntok, Central Kalimantan, Coal Concession, Exploitasi

Kalimantan Coal

PT Kalimantan Prima Persada

2009-10-09T10:21:00.000-07:00

Project Sungaiputing, Concession PT Bhumi Rantau Energi, PT Batu Gunung Mulia, PT Tanjung Alam Jaya, DJE-TNB, Coal Mining

Coal Potential Map

2009-09-10T18:34:00.001-07:00

Permit 12 KP Paser Penajam Utara immediately abstracted

2009-09-03T19:22:00.000-07:00

Tribun Kaltim
PENAJAM, - Superintendent Ekonomi Pemerintah Kabupaten (Pemkab) Paser Penajam Utara (PPU), Jono has recommended to Bupati PPU Andi Harahap, in order to immediately abstract 12 permit of mining (KP), because of assessed has impinged agreement is entered neglect its obligation to pay [for] fee fixed.

12 KP that will be abstracted

1. PT PPCI (Pasir Prima Coal Indonesia)
2. PT Dua-Dua Kutai Utama
3. PT Bara Utama Jaya
4. PT Penajam Prima Coal
5. PT Harapan Kota Tepian
6. PT Semoi Prima Lestari
7. PT Tranindo Resources
8. PT Penajam Prima Coal
9. PT Energi Penajam Mandiri
10. KSU Cipta Karya Tani
11. Koperasi Paser Raya
12. PT Catur Sugiarta

11 used up/finished KP

1. KSU Cipta Karya Tani
2. PT Tengin Sejahtera
3. PT Swah Brothers Abadi
4. PT Harjo Mas Makmur
5. PT Bara Energi Prima
6. PT Penajam Prima Coal
7. PT Penajam Prima Coal
8. PT Energi Penajam Mandiri
9. PT Semoi Prima Lestari
10.CV Atriani Lestari
11.PT Penajam Bara Energi

5 KP expressed cancelation

1. PT Lingkar Selatan Jaya
2. PT Dimensi Keajaiban Global
3. PT Harmoni Strong Trading
4. PT PT Fusion Ecxel
5. PT Mak Kado International

1 KP retires
PT Cipta Bara Sejahtera

Kaltim prima coal KPC
Pamapersada Nusantara
Coal batubara tambang loading port gcv, bumi resources ESDM mineral trading company news primacoal

India MMTC reissues 12.5 mln/T coal import tender

2009-08-31T20:04:00.000-07:00

Kalimantan Coal

* MMTC reissues tender to supply India's top power producer
* Tender includes new conditions to boost competition (Adds tender details)
NEW DELHI, Aug 31 (Reuters) -India's MMTC (MMTC.BO) has reissued a tender to import 12.5 million tonnes of thermal coal with new conditions aimed at enhancing competition, a tender document posted on the company's website showed.
The tender, for coal supplies to various plants of the country's biggest power producer NTPC Ltd (NTPC.BO) in the current fiscal year ending March, will close on Sept. 16.
MMTC had issued a tender in May to import 12.5 million tonnes of coal but it was not awarded after Knowledge Infrastructure Systems complained that some tender terms meant only trader Adani would qualify [ID:nLE494747].
Coal-fired plants account for two-thirds of power generation in India and any delays to coal procurement will exacerbate India's shortage of fuel for power generation.
According to the latest document, contract volumes would be split among three bidders in 50:30:20 ratio compared to 60:40 earlier.
The second and the third-lowest bidders will be awarded the contract if they match the lowest rates, otherwise the tender would be reissued for the remaining quantities. Bids submitted need to be for at least 6.25 million tonnes.
The new tender rules allow bids by any firm that had supplied 2 million tonnes of coal per year in the last three years to companies from specified industries like steel, power and cement.
Also, a deposit requirement had been fixed at 4 percent of the contract value compared to differential rates earlier, as reported by Reuters last week. (Reporting by Nidhi Verma; Editing by Valerie Lee)

Demand for coal returns to form

2009-08-31T18:46:00.000-07:00

Kalimantan Coal

FELIX Resources says traditional coal export markets in Japan, Korea and Taiwan are almost back to full strength, in a sign of improving health among the region's biggest coal buyers.
After yesterday reporting a 42 per cent rise in full-year profit to $267.6 million, the miner said steel mills in the long-established markets had recently returned to at least 80 per cent capacity.
Managing director Brian Flannery said while this was a promising sign, the coming months would test the strength of the rebound in demand.
''They're probably not back to 100 per cent, but they're probably not far from it,'' Mr Flannery said of the miner's traditional customers.
Felix - the subject of a $3.5 billion takeover bid from China's Yanzhou Coal - will pay a fully franked dividend of 50¢, the same as last year, on October 30. The takeover offer of $16.95 a share, plus a $1 dividend, is awaiting approval from the Foreign Investment Review Board and an independent assessment from Deloitte.
Mr Flannery said he expected the company would send takeover documents to shareholders for their consideration towards the end of the month, but would not comment on progress with the FIRB.
But in a sign the market remains sceptical the approval will be granted, Felix shares have traded below the offer price, yesterday closing 0.5 per cent lower at $17.26.
Until the recent improvement in coal markets, Felix was forced to sell its high-value coking coal, used to make steel, at a discount after steel mills cancelled orders.
With prices falling, China has stepped into the breach as a booming market for Australian coal, soaking up a third of the nation's hard coking coal exports in July.
Some analysts have questioned how long Chinese demand would remain, but Mr Flannery said recent increases in the country's steel capacity would require strong coking coal imports.
''If they're running at 600 million tonnes of steel capacity then it seems to me they're going to import a reasonable amount of coking coal,'' he said.
The Felix board expects to approve the expansion of Yarrabee mine in Queensland if it can sign a further 500,000-tonne coking coal contract, which Mr Flannery expected to achieve in the coming months.

Garda Tujuh Acquires Mine in Kalimantan

2009-08-26T18:43:00.000-07:00

Kalimantan Coal

VIVAnews - PT Garda Tujuh Buana Tbk (GTBO) is targeting to acquire one mining concession in Kalimantan in order to boost the coal production up to 1.8 million tons in 2010.According to Garda Tujuh President Commissioner Fakir Chand, the company is targeting to find coal products with higher calorie values above 5800 and 100 million tons deposit with the acquisition of the mining concession in Kalimantan.“Meanwhile, this year’s production is 900 thousand tons of coals maximally,” Chand said after attending the Executive Shareholders Meeting at the Sultan Hotel, Jakarta on Tuesday, August 25.Currently, he added, the company is running one mining site with coal production that reaches 5100 calories in Bunyu. “If possible, the acquisition will be carried out this year,” he said.He also said the coal products would eventually be marketed in domestic market while some of them would be exported to India. “There will be more portions for exports but we also provide Domestic Market Obligation (DMO),” Chand said.To increase the current production, the company is finishing a dryer assembly which will be operating in September. As soon as it starts running, the dryer will escalate the production from 50 to 150 thousands per month. “It’s [the assembly] been 70 percent done,” Chand said.Furthermore, he also said the company is analyzing the intention of producing urea fertilizers at the gasification factory. “The analysis is expected to be completed in six months. Now, it’s being handled by the experts,” he said. According to the plan, the gasification will massively produce urea fertilizers by the end of third quarter of 2010 or 2011. “The products will be exported but we still don’t know which countries they will be exported to,” Chand said.Meanwhile, the Extraordinary General Meeting of Shareholders discussed about several agendas which included the central office’s move from Jakarta to Bunyu. The move aims to ease financial and operational works.Another agenda was the changes in the Board of Directors and Commissioners. Earlier, two out of four directors resigned. Thus, the meeting has agreed to appoint three commissioners and five new directors.The Commissioner Board consists of Executive Commissioner Fakir Chand and commissioner members Baukinth Nath Tiwari and Mastan Singh.Meanwhile, the Board of Directors includes Executive Director Surinder Kumar who has replaced Harry Purnomo. Other Directors are Ratendra Kumar Srivasta, Narinder Kumar, Simer Deep and Sharan Phal. The meeting has also approved the change of goals in the business expansion plan.
--Translated by: Nataya Ermanti

Australia Newcastle Thermal Coal Prices Fall 3% to $72 a Ton

2009-08-22T08:41:00.000-07:00

Kalimantan Coal

By Rakteem Katakey
Aug. 21 (Bloomberg) -- Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 3 percent, declining for the fourth straight week.
The index for power-station coal prices at the New South Wales port dropped $2.25 to $72 a metric ton in the week to today, according to the globalCOAL NEWC Index.
Xstrata Plc, the world’s largest supplier of power-station coal, BHP Billiton Ltd. and Rio Tinto Group are among mining companies that ship coal through Newcastle.
To contact the reporter on this story: Rakteem Katakey in New Delhi at rkatakey@bloomberg.net.

GlobalCoal
Weekly Index

RB Index
24-Jul-09 60.67
31-Jul-09 62.40
07-Aug-09 64.73
14-Aug-09 63.75
21-Aug-09 63.45

NEWC Index
24-Jul-09 78.04
31-Jul-09 76.58
07-Aug-09 75.96
14-Aug-09 74.25
21-Aug-09 72.00

Des ARA Index
24-Jul-09 67.23
31-Jul-09 67.70
07-Aug-09 70.49
14-Aug-09 71.66
21-Aug-09 70.72

Coal-Price Forecast Raised at Merrill on China, India Demand

2009-08-09T08:13:00.000-07:00

Kalimantan Coal

By Ben Sharples
Aug. 7 (Bloomberg) -- Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal because of higher demand from India and China, the second-largest energy-consuming nation.
Merrill raised its projection for the benchmark coal burned by Japanese utilities in the year ending March 31, 2011, to $85 a metric ton from $80, analysts wrote in a note to clients dated yesterday. Goldman Sachs JBWere Pty. last month increased its forecast to $80 from $75 for the same period.
“Surprise strong buying by utilities in India and China” is driving thermal coal demand, Merrill analysts led by Sydney- based Stuart Howe said in the note. Prices at Australia’s Newcastle port, an Asian benchmark, have climbed 27 percent since the end of March and were at $76.58 a ton in the week ended July 31, according to the globalCOAL NEWC Index.
Power-station coal prices at Newcastle are rising on expectations that China will import more of the fuel, emerging demand growth in India, and improved economic conditions as credit markets recover, Merrill said.
Australian and Indonesian coal output have the biggest influence over the trade supply outlook, Merrill said. Rising production costs, declining exploration and development success, and rain in Indonesia suggest “supply growth is now limited,” Merrill said.
To contact the reporter on this story: Ben Sharples in Melbourne at bsharples@bloomberg.net Last Updated: August 6, 2009 23:01 EDT

GlobalCoal

Weekly Index

RB Index

10-Jul-09 60.69

17-Jul-09 64.08

24-Jul-09 60.67

31-Jul-09 62.40

07-Aug-09 64.73

NEWC Index

10-Jul-09 71.63

17-Jul-09 76.23

24-Jul-09 78.04

31-Jul-09 76.58

07-Aug-09 75.96

Des ARA Index

10-Jul-09 66.01

17-Jul-09 69.98

24-Jul-09 67.23

31-Jul-09 67.70

07-Aug-09 70.49

Adaro Looking to Buy Coal Mine From BHP Billiton

2009-08-08T08:38:00.000-07:00

Kalimantan Coal
PT Adaro Energy, the nation’s second-biggest coal producer, has said it is considering acquiring BHP Billiton’s coking-coal mine in Kalimantan.

Adaro is studying “several projects,” including BHP’s mine. The possible deal is still at an early stage, the company said in a filing to the Indonesia Stock Exchange on Friday. BHP, the world’s biggest mining company, scrapped plans to develop the Kalimantan mine because it did not fit its long-term strategy, the company said on June 9.

Isnaputra Iskandar, an analyst at PT OSK Nusadana Securities Indonesia, said that by acquiring BHP’s assets while coal prices were down meant that Adaro “may be able to pay a lower price for the purchase.”

Bloomberg

Newcastle Coal Exports Fall 10% as Ship Queue Drops (Update1)

2009-08-03T19:41:00.000-07:00

Kalimantan Coal

By Ben Sharples
Aug. 4 (Bloomberg) -- Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 10 percent last week while the number of vessels waiting to load decreased.
The volume exported in the week ended 7 a.m. local time yesterday was 1.75 million metric tons, compared with 1.94 million tons a week earlier, Newcastle Port Corp. said on its Web site. Thirty-seven ships, waiting to load 2.99 million tons of coal, were outside the harbor, down from 40 vessels.
Coal ships queued for an average 16.2 days to load, up from 12.4 days a week earlier, Newcastle Port said. The waiting time compared with 0.4 day for general cargo vessels, it said.
Twenty-two vessels carrying coal sailed in the week ended Aug. 1, Newcastle Port said today in an e-mailed report. Twelve ships were bound for Japan, four for South Korea, three for China, two for Taiwan and one for Mexico.
Power-station coal prices at Newcastle port, a benchmark for Asia, fell 1.9 percent to $76.58 a ton in the week ended July 31, according to the globalCOAL NEWC Index.
Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship coal through Newcastle.
To contact the reporter on this story: Ben Sharples in Melbourne bsharples@bloomberg.net Last Updated: August 3, 2009 20:03 EDT

Coal miner Massey Energy sees chance to boost exports

2009-07-30T19:15:00.000-07:00

NEW YORK, July 29 (Reuters) - U.S. coal miner Massey Energy Co (MEE.N) sees opportunities to export more coal to Europe and Asia as global steel production and power generation are starting to pick up, its chief executive said on Wednesday.
"We are obviously encouraged by the positive news we are hearing out of the Asian markets," Don Blankenship told Wall Street analysts. "China reported economic growth of 7.9 percent in the second quarter.
"We have seen some estimates recently that China may be a net inporter of as much as 50 million tons of met (steel-making metallurgical) coal for the year. This news has helped solidify and improve met coal prices," he said on a conference call to discuss Massey's second-quarter earnings.
Blankenship noted Indian steel production was up 9 percent in May from a year earlier and total production for the first five months this year exceeded the same period last year.
"As a result, we are seeing increased demand for our met coal products in this important market," he said.
Asked how much of the roughly 40 million tons a year Massey produces would be exported, Blankenship said: "I would say we're going to get close to 50 percent moving to Asia as opposed to sometimes there wasn't anything going to Asia."
But the company would not ship coal directly to China. "Main destinations that would be projected...would range from Korea to India to anywhere in the (Pacific) Rim. But we don't want to say too much about exactly where, but India obviously would be the bigger one."
Blankenship said reports from India suggest stockpiles of thermal, or steam coal, at power plants are as low as two days in some areas.
"They're increasing and overall economic growth will inevitably lead to increasing thermal coal imports.
"As China and India consume more coal, we believe our opportunity may be greater to sell our coal directly into these markets or to displace Australian and South African coal in the market," he said.
Massey was well positioned with product, proximity to ports and the ability to ramp up production quickly to take full advantage, said Blankenship.
Massey shares rose more than 7 percent on Wednesday to $24.35 in afternoon trading on the New York Stock Exchange after it posted better-than-expected profits on Tuesday.
The miner said it expects 2009 produced coal shipments to be between 38.5 and 40.5 million tons, with average prices between $61.50 and $63.50 per ton.
For 2010, Massey expects produced coal shipments to be in the range of 37.0 to 42.0 million tons, with an average sales price in the range of $60.00 to $65.00 per ton. (Reporting by Steve James, editing by Leslie Gevirtz)

Indonesia Coal-Prices, Indian demand slows

2009-07-28T21:06:00.000-07:00

Kalimantan Coal

Indonesia Coal-Prices climb to $80, Indian demand slows

JAKARTA, July 23 (Reuters) - Prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesian producers turned to local buyers amid slow overseas demand, particularly from Indian buyers, traders said. Thermal coal prices on the globalCOAL Newcastle weekly index rose $3.41 to $78.87 a tonne, from $75.46 a tonne in previous week, on firm spot demand from South Korea and expectations of lower supply from Australia.
Despite the rising Newcastle index, spot prices for Indonesian bituminous coal were softer as Indian buyers preferred to buy South African coal to take advantage of falling freight rates and cheaper prices.
Indonesian bituminous coal of 6,300 kcal/kg air-dried basis was offered at around $57 a tonne, FOB mother vessel, compared with $60 a tonne early this month.
"For bituminous coal, only South African coal is moving to India, mostly for steel and cement factories," an Indian trader said.
Chinese and South Korean buyers were in the market for Indonesian high-quality coal, providing support, but China was not as aggressive as previous months due to growing local supply grew, another regional trader said.
Plans by Australia Newcastle port, the world's top coal export terminal, to slash export quotas for all producers by 1 million tonnes for the rest of third quarter, have not prompted more enquiries for Indonesian coal, traders said.
A 25,000-tonne parcel of Australian coal was traded at $77 a tonne on Monday for delivery in October while another 25,000 tonne for delivery in August was traded at $80.50 a tonne on Tuesday.
* INDONESIA SUB-BITUMINOUS COAL
Fresh domestic demand from textile and cement factories in Java offered support for Indonesian sub-bituminous as Indian demand slowed.

Indonesian sub-bituminous coal of 5,500 kcal/kg ADB was around $34-$35 a tonne, FOB mother vessel from Kalimantan.
"We haven't received fresh inquiries from Indian buyers but many local buyers asked for an increase in volumes from their existing contracts," an Indonesian trader said.
Aside from local buyers, there were some Chinese buyers that sought to extend spot purchase contracts, the trader said.
Despite lower coal stock levels at power plants, India had slowed buying of Indonesian low-quality coal as traders waited for government tenders and the monsoon disrupted shipments.
"Power plants are in a wait-and-see mode. There are a lot of contracts that need to be renewed," the Indian trader said, adding that traders were waiting for India's government to finalise tenders.
India has said coal stocks with power plans in India halved from normal levels to 11 million tonnes at July 6, with many thermal plants facing uncomfortable supply positions. [ID:nDEL256273]
India's state-run MMTC (MMTC.BO: Quote, Profile, Research) which buys coal on behalf of state utilities has said it may re-issue a tender for 12.5 million tonnes of thermal coal after a complaint from a trader. [ID:nLE494747]
"Wet weather is also very bad. There are a lot of vessels queueing at discharge ports. So everybody is just waiting," the Indian trader said. (Reporting by Fitri Wulandari, editing by Ben Tan)

International Coal Q2 profit beats Street, shares rise

2009-07-28T18:34:00.000-07:00

Kalimantan Coal

* Q2 EPS $0.03 tops est. of $0.02
* Q2 revenue $277.8 mln trails est. of $307.3 mln
* Cuts FY sales forecast to 18-18.5 mln tons
* Cuts FY production view to 17-17.5 mln tons
* Shares rise as much as 10 pct to $3.43 (Adds comments from analyst, conference call, share movement)
BANGALORE, July 27 (Reuters) - International Coal Group Inc (ICO.N) posted a second-quarter profit that beat market estimates by a cent and said the worst of the market weakness seemed to be over, sending its shares up 10 percent.
"Economic signals from Asia are somewhat encouraging, and we are hopeful that the U.S. economy will begin to recover during the second half of the year," Chief Executive Ben Hatfield said in a conference call with analysts.
Most U.S. coal producers, especially those operating in the Appalachian region, have resorted to production cutbacks, mine closures and job cuts in a bid to maintain pricing and match plummeting demand from the utility and automotive end markets in the first half of the year.
"Despite the difficult economic climate, we are cautiously optimistic that the worst of the market weakness is behind us as metallurgical shipments have increased recently and utility prices appear to have stabilized," Hatfield said.
The company which expects domestic coal producers to continue to roll back production in response to soft demand, estimates a total decline of 100 million to 125 million tons in 2009 U.S. production from the previous year.
The company also said it curtailed about 1.4 million tons of annual production at three mining complexes to mitigate the impact of reduced utility sales.
International Coal cut its 2009 coal production forecast to about 17 million to 17.5 million tons from 18.5 million to 19.1 million tons.
It expects full year sales of about 18 million to 18.5 million tons of coal in the same period, down from about 19.3 million to 19.9 million tons of coal.
Average selling price forecast for 2009 has also been slightly reduced to a range of $59.25 to $59.50 per ton from a $59.50 to $60.00 a ton for the company which produces steam and metallurgical (steelmaking) coal.
"Our costs are going to be flat to improving at this point... the production units that are being curtailed are the higher cost production units, so as you trim those higher cost units, it is generally bringing down the average (cost)," Hatfield said on the call.
Average costs have been estimated lower at $49 to $49.50 a ton, excluding selling, general and administrative expenses. The company had earlier projected average costs of $49.25 a ton to $50.75 a ton.

International Coal also said the West Virginia Department of Environmental Protection reinstated the permit for its Tygart facility, after remanding the same last year, but added it will not begin construction in the mine until all appeals against the reinstated permit are resolved.
The company also said it expected to remain in compliance with its debt payments for the rest of 2009, and that it "was looking" at 2010, when there will be a step up in the covenants.
"The covenants are certainly an issue for 2010. We anticipate they may have trouble meeting the interest coverage covenant without spot coal prices increasing further," BGB Securities Inc analyst David Shapiro said.
"That said, the banks have already eased covenants for 2009 and given that there are no outstanding amounts on the line, we would anticipate the banks would likely work with them for 2010 if necessary," he added.
SECOND QUARTER RESULTS
The company which primarily produces coal in the Northern and Central Appalachian region said its margins per ton rose 55 percent to $11.32, helping it beat Wall Street forecasts. "Production was lower... but good cost control enabled International Coal to maintain our earnings per share forecast," J.P. Morgan Securities analysts John Bridges and Ankush Agarwal wrote in a note.
The company said it sold 4.2 million tons of coal in the second-quarter, or all its produce, compared to 4.9 million tons in the prior year's quarter.
Excluding a $7.7 million gain related to the termination of a high-cost coal supply agreement, the company earned 3 cents per share.
In the latest quarter, the company's net income dropped to $10.4 million, or 7 cents a share, from $13.8 million, or 8 cents a share, a year ago.
Revenue for the Scott Depot, West Virginia-based company was almost flat at $277.8 million.
Analysts, on average, expected a profit of 2 cents a share, before items, on revenue of $307.03 million, according to Reuters Estimates.
The company said its third-quarter results will reflect a gain of $27 million from the termination of contracts for 1 million tons per year, valid through 2011.
Shares of the company pared some of its gains to trade up 8 percent at $3.32 Monday afternoon on the New York Stock Exchange, amid a 2 percent pull-back in the Dow Jones US Coal Index .DJUSCL triggered by disappointing second-quarter results by Alpha Natural Resources Inc (ANR.N).
"Reinstatement of the Tygart permit and the $27 million settlement for two coal supply agreements are viewed positively by the market, in our opinion," the analysts said. (Reporting by Antonita Madonna Devotta in Bangalore; Editing by Jarshad Kakkrakandy)

ASIA ENERGY - JULY 14, 2009

2009-07-13T22:11:00.003-07:00

Kalimantan Coal

Jul 13, 2009 (AsiaPulse via COMTEX) An executive briefing on energy for July 14, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities

RURAL UZBEKISTAN ELECTRIFIED WITH SOLAR POWER BATTERIES
TASHKENT - The Uzbek technology transfer agency is implementing a programme for decentralized electricity in rural Uzbekistan by providing solar batteries for rural medical establishments, schools and farms.
The director of the technology transfer agency, Yolbars Mansurov said that several such projects had already been implemented in the republic.

ER AUST SAYS URANIUM PRODUCTION JUMPED ON IMPROVED THROUGHPUT
SYDNEY - Improved through-put helped Energy Resources of Australia (ERA)(ASX:ERA) Ltd post a big jump uranium oxide production for the June quarter.
ERA has reported a 44 per cent lift in uranium oxide production to 1.481 tonnes for the June 2009 quarter compared to the same time last year.

INDIAN GOVT REFUTES ASKING NTPC TO TAKE RELIANCE GAS AT US$4.2 MMBTU
NEW DELHI - The Indian government on Monday said it has not asked the state-run NTPC to take gas from the Reliance Industries' KG-D6 basin at US$4.2 mmBtu, a price that it has fixed for others.
The Ministry of Power has not given any "directive" to NTPC to "accept" gas from RIL's KG-D6 basin at a rate of US$4.2 mmBtu (million metric british thermal units), Minister of State for Power Bharatsinh Solanki said in a written reply in Rajya Sabha.

INDIAN GAS FIELD PEAK OUTPUT TO BE 80 MMCMD BY 2011-12: MINISTER
NEW DELHI - India's Reliance Industries' (BSE:500325) eastern offshore KG-D6 natural gas field will have a peak output of 80 million cubic metres per day for six years beginning 2011-12, India's Minister of State for Petroleum and Natural Gas Jitin Prasada said.
"Currently gas production from KG-D6 is 31 mmcmd," Prasada informed the Rajya Sabha here.

COAL MIN TO SEEK PM'S APPROVAL FOR COAL INDIA DISINVESTMENT
NEW DELHI - The Indian Coal Ministry will soon approach Prime Minister Manmohan Singh for disinvestment in Coal India Ltd in line with its Board's recommendation for sale of up to 10 per cent government equity in the Navratna PSU.
The Board of Coal India Ltd (CIL) has recommended that "five to ten per cent" government equity can be disinvested.

INDIAN GOVT MUST HAVE A ROLE IN ANBANI GAS RIFT RESOLUTION: YSR
GANGAVARAM (VIZAG) - Andhra Pradesh Chief Minister Y S Rajasekhara Reddy on Sunday said that the settlement of the gas dispute between the Ambani brothers could not be left to their mother Kokilaben and the Centre (Indian government) must play a decisive role, for which he has written to the Prime Minister.
"The dispute over sharing of gas is not an issue to be settled by (the) mother (Kokilaben). It is for the government to decide who should get the gas and also at what price," Reddy said on the sidelines of a function here.

MITTAL, SAIL, TATA, ALL HAVE TO QUEUE UP FOR INDIAN COALBLOCKS
NEW DELHI - They may commit investments of thousands of crores but Mittal, Tata or SAIL (BSE:500113) will have to bid like anyone else if they want coal blocks for their power or steel projects, Indian Coal Minister Sriprakash Jaiswal has said.
"We are coming out with a new policy for captive coal blocks ... Everyone will have to bid if they want coal blocks," Jaiswal said in an interview, when asked about a report that L N Mittal has complained about the delays in getting coal and iron ore mines for his Rs 500 billion (US$10.139 billion) steel project each in Jharkhand and Orissa.

PHILIPPINE'S MERALCO TO PUT UP ITS OWN WHOLESALE AGGREGATOR FIRM
MANILA - Philippine power retailer Manila Electric Company (Meralco) is studying the possibility of establishing an aggregator firm to extend services to its consumers.
Meralco director Allan Ortiz told reporters that in their last board meeting, it was proposed to create an aggregator company for Meralco.

3 NEW PAKISTAN POWER PLANTS TO START ELECTRICITY GEN. THIS MONTH
ISLAMABAD - Three new power generation plants currently on test generation will start contributing six hundred megawatt power to the Pakistan electricity system this month.
Managing director Pakistan Electric Power Company, Tahir Basharat Cheema, said only July and August were difficult months for consumers and after that the position would start improving.

WORLD BANK FUNDS VIETNAMESE POWER, AID PROGRAMMES
HANOI - The World Bank (WB) will provide Vietnam with a low-interest loan of US$300 million to help fight poverty and boost access to electricity in rural areas.
An agreement on the loan was signed by the State Bank of Vietnam and the WB yesterday. As part of the package, the WB is providing US$100 million to be used during the second phase of the National Anti-poverty Programme 135, which provides support to over 2,000 poor communes in 47 out of the country's 63 provinces and cities.

INDONESIAN POWER CO PLN SUCCEEDS IN REDUCING 25% OF OIL FUEL USE
JAKARTA - Indonesian state electricity company PLN said it has succeeded in reducing 25 per cent its dependence on oil fuel in the first half of this year.
PLN used only 4.5 million kiloliters of oil fuel in the first six months of this year from around six million kiloliters in the same period last year, its President Fahmi Mochtar said.

IRAN PAKISTAN GAS PIPELINE PROJECT: PARLIAMENT TO FIX GAS PRICE, DR. ASIM HUSSAIN
ISLAMABAD - The Iran Pakistan Gas Pipelines is a strategic Pakistani national project which requires support for all quarters and as a nation our thinking should be based on broader national interest.
The Government will respect whatever decision the Parliament would make about Iran Pakistan Gas Pipelines Project and its price fixation according to Dr. Asim Hussain speaking on Thursday while chairing the Steering Committee Meeting on Iran-Pakistan Gas Pipelines Project in the Ministry of Petroleum and Natural Resources.

PAKISTAN PLANS TO ADD 13,500MW IN ELECTRICITY GENERATION BY 2012
ISLAMABAD - The Pakistani government is working on a three year plan to tackle the energy crises and is striving to add 13,500 MW of electricity up till 2012.
Pakistan Electric Power Company (PEPCO) is all set to exploit maximum possible resources to generate electricity for the future needs.

INDONESIAN MINING COS IN KUKAR ASKED TO BUILD COAL POWER PLANT
SAMARINDA - Indonesia's Kutai Kartanegara (Kukar) regency administration has asked Kukar mining companies to take part in the building of a coal-fired power plant (PLTU).
"I have asked the Kukar regency administration to summon all mining concessionaires and I myself will also attend the meeting. Kukar is rich in coal deposits, and will not be able to build even one PLTU," East Kalimantan Governor Awang Faroek Ishak said in Samarinda on Friday.

VIETNAM'S DUNG QUAT OIL REFINERY DELIVERS 1ST BATCH OF GASOLINE
QUANG NGAI - The Dung Quat oil refinery on July 11 delivered its first batch of 5,500 cu.m of Mogas A92 gasoline to the PetroVietnam Oil Corporation (PV Oil).
The volume of gasoline will be shipped to the port city of Hai Phong for sale in the northern market.

CLEAN ENERGY TO BE FOCUS OF SINO-US TALKS
BEIJING - Stronger Sino-US cooperation on clean energy will be the goal of two US officials who will be visiting China this week.
US Commerce Secretary Gary Locke and Energy Secretary Steven Chu will be in China from Tuesday to Friday.

CHINESE AGRIBIZ IN DR CONGO TO OFFER THOUSANDS OF JOBS TO LOCALS
KINSHASA - China's ZTE Agribusiness Company Ltd is aiming at a 1 million hectare palm tree plantation in the Democratic Republic of Congo (DR Congo) for biofuel production, and the project can offer thousands of jobs for the local people, the company's regional manager Zhang Peng told Xinhua in an interview on Friday.
"We will plant palm trees here and convert palm oil into biodiesel. The one-million-hectare palm plantation will eventually provide thousands of jobs for the local Congolese people," Zhang said.

CHINA'S JUNE POWER USE RISES 3.79% TO 305 BLN KW/H: REPORT
BEIJING - China's power consumption rose 3.79 per cent year on year to 305.22 billion kilowatt hours in June, the China Securities News reported, citing sources from the China Electricity Council (CEC).
China's power output reached 300.92 billion kilowatt hours in June, up 4.7 per cent on-year.

SRI LANKA POWER OUTPUT, DIESEL SALES DOWN IN APRIL
COLOMBO - Sri Lanka's lectricity generation in April 2009 fell 2.2 per cent to 773 million units (GigaWatt hours) from a year earlier, while diesel sales were down 10.7 per cent, the latest government figures showed.
There was a steep rise in thermal power production at state-run Ceylon Electricity Board (CEB) to 229GWh from 141, according to central bank data. Private sector power generation also increased to 340GWh in the month from 205GWh last year.

NABUCCO PROJECT EMPHASIZES TURKEY'S IMPORTANCE, ENERGY MINISTER
ANKARA - Turkish Energy and Natural Resources Minister, Taner Yildiz, said Saturday the Nabucco project would increase mutual dependence and emphasize Turkey's importance.
Minister Yildiz talked about the Nabucco project on Turkey's Haberturk TV channel.

ENERGY MIN DENIES REPORTS TURKEY GAVE UP 15% OF SHARE IN NABUCCO
ANKARA - Turkish Energy and Natural Resources Minister Taner Yildiz denied Sunday reports that said that Turkey gave up its right to receive 15 per cent of the natural gas supplied via the Nabucco pipeline.
Speaking to AA, Yildiz said that Turkey was not given such a right to receive 15 per cent of natural gas supplied through the Nabucco pipeline.

INDIGENOUS GROUPS CALL ON AUST PM TO SCRAP NUCLEAR WASTE LAWS
SYDNEY - Australian indigenous communities are demanding the federal government stand by its election promise to scrap legislation which lays the groundwork for a nuclear waste dump in the Northern Territory.
Resources Minister Martin Ferguson has said the government will not give up the search for a suitable site somewhere in Australia, after four sites were shortlisted by the previous government.

CHINESE AUTHORITIES APPROVE CNPC, NIPPON OIL REFINERY PLAN
GUANGZHOU - China's National Development and Reform Commission on Friday said it has authorized plans for state-owned China National Petroleum Corp. (CNPC) to operate a refinery as a joint venture with Nippon Oil Corp. (TSE:5001).
The Japanese oil company in May 2008 announced plans to transfer its Osaka refinery to a joint venture to be set up with CNPC. Having now received the commission's approval, the two oil firms will begin negotiating in earnest with the aim of realizing the deal in the near future.

DOWNTURN, A CRISIS FOR ENVIRONMENT, ENERGY: TAIWAN ECONOMIST
TAIPEI - The global economic crunch since last year also reflects, in a sense, a dual crisis of energy and the environment, a Taiwanese economist said Friday.
"Global expanding economic growth has pushed the use of natural resources to the limit, " said Daigee Shaw, president of the Chung-Hua Institution for Economic Research think tank.

KAZAKHSTAN COMPLETES CHINA GASPIPE LINK SEGMENT
TASHKENT - Kazakhstan finished building on Friday its segment of a pan-Central Asian gas pipeline designed to link the region's vast gas reserves with energy-hungry China.
The pipeline is the first significant gas link connecting the former Soviet region with eastern markets while bypassing Russia.

Napocor awards 195,000 T coal to Indonesian firms

2009-07-13T21:58:00.000-07:00

Kalimantan Coal

MANILA - Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two Indonesian firms, a senior official said on Monday.One lot of 65,000 tons was awarded to PT Delta Mineral International at $79 per tonne, including cost and freight, said Edmund Anguluan, head of the bidding committee. PT Trubaindo will supply two lots of 65,000 tons each, with one priced at $80.93 per ton, C&F, and the other at $81.03 a ton, C&F.Napocor was hoping to source a total of 390,000 tons of coal for its Pagbilao power plant at the July 1 tender but only managed to award contracts for half of that volume. It had set a budget of $81.08 per ton, C&F, for the coal scheduled for delivery between October and December.Anguluan said the state-run power firm is planning a re-tender by the end of the month to secure the remaining 195,000 tons.Another tender for 195,000 tons steam coal for its Sual plant was declared a failure after a lone bidder withdrew after failing to comply with Napocor's requirements, said Anguluan.Napocor earlier gave the lone bidder, also PT Delta Mineral, more time to sort out its bid.The company is holding a re-tender on Wednesday to secure the coal for Sual, he said.Napocor has said it needs to import nearly 3.5 million tons of coal this year, lower than the 4.18 million tons it imported last year, after privatising a number of coal-fed power stations.Prices of power station-coal in Australia, a benchmark for Asia, rose above $73 a ton earlier this month, aided by demand from some North Asian utilities and tight regional supplies.
as of 07/13/2009 3:57 PM

India's Bhatia, Vitol in $50 mn coal dispute

2009-07-10T09:29:00.000-07:00

Kalimantan Coal

LONDON: Bhatia Coal India, a subsidiary of the Bhatia International Group, has terminated a coal supply contract with traders Vitol and has initiated arbitration

proceedings to settle a payment dispute, Bhatia officials said. The arbitration hearings will be held in London during the next few months and will be subject to English law, the officials said. They were unable to give more details such as the amount of coal or money involved because the matter is sub judice. Vitol declined to comment. The amount in dispute that is owed to Vitol is in excess of $50 million, one source close to the dispute said. "We cancelled the contract so there is no non-performance on Bhatia's part," a senior Bhatia official said. A source close to the issue said Bhatia cancelled the contract in order to avoid loading South African coal cargoes in every quarter this year which were bought in 2008 as part of an annual supply deal when prices were over 70 percent higher than present levels. It has become the norm in coal trading as it has been for many years in oil for companies which have both sales and purchases with each other to simplify settlement by "washing-out" several deals so that the party which owes money overall makes a single payment. There has been a rash of arbitration cases to settle disputes between Indian traders who did not perform on coal contracts signed before the plunge in prices last September and international suppliers. In many instances suppliers said they have re-negotiated prices and re-scheduled deliveries to Indian buyers instead of going to arbitration.

Indika Energy Tuntaskan Akuisisi Petrosea

2009-07-06T09:45:00.000-07:00

Kalimantan Coal

Jakarta - TAMBANG. PT Indika Energy, Tbk. hari ini, 6 Juli 2009, mengumumkan secara resmi bahwa proses akuisisi terhadap PT Petrosea, Tbk. telah rampung. Dengan dana sebesar US$ 83.8 juta, Indika Energy saat ini telah menguasai 81,95% saham Petrosea. Kepemilikan saham Petrosea tersebut diambil alih Indika Energy dari Clough International Singapore Pte. Ltd.

Dalam press release yang diterima Majalah TAMBANG pada 6 Juli 2009, Indika Energy menyatakan bahwa penutupan transaksi ini akan memampukan Indika Energy untuk dapat mendorong kapabilitas Petrosea dalam hal construction engineering, mine operation, serta offshore logistics. Lebih lanjut, hal tersebut akan memperkuat posisinya dalam sektor energi, di bidang sumber daya, jasa dan infrastruktur.

Dengan basis keuangan dan market leadership yang kuat, Indika Energy memiliki keyakinan untuk dapat membawa Petrosea merealisasikan target pertumbuhannya, dan menghasilkan pendapatan yang memuaskan.

Arsjad Rasjid, Presiden Direktur Indika Energy, menjelaskan langkah yang akan segera ditempuh selanjutnya. "Langkah yang akan segera ditempuh kedua manajemen adalah memetakan rancangan pertumbuhan, berdasarkan intensi strategis yang kami miliki. Kami akan saling memproyeksikan kekuatan, kapabilitas dan keahlian masing-masing untuk dapat bertumbuh. Selain itu, kami juga akan melakukan gap analysis untuk mengidentifikasi dan menutup celah area kelemahan, untuk memperkuat posisi kami," jelas Arsjad Rasjid.

Akuisisi Petrosea sendiri telah mendapatkan persetujuan dari Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) Indika Energy, serta memperoleh perizinan yang sesuai. Selanjutnya, Indika Energy juga akan melakukan kewajiban tender offer untuk saham yang dipegang oleh minoritas.