Junior Coal Player: LG Group
LG is famous for its electronics. But, LG is a conglomeration with diversified business interests in energy, non-ferrous metals, petrochemicals, and steel. So, it's not surprising to see LG Group's entry into Indonesian coal industry three years ago. LG's investment...
India & Indonesian Coal Plays
India has been targeted by Indonesian coal producers as the main export market. They mostly expect India would replace China as dominant player for seaborne coal in the region. Energy companies from India have also acquired substantial coal concessions in Indonesia in...
Coal Miners & Traders
Glencore, Mitsubishi, Vitol, Sojitz, and Noble are household names in coal trading business. They’re all over major coal miners in the country. Mitsubishi and Glencore, for example, were identical with Kaltim Prima Coal of Bumi Resources (BUMI). J. Aron & Co,...
When Indonesian Coal Flooding the Market (2)
Kusuma Raya Utama (KRU), a JV between Indonesia and China business groups, plans to start second underground thermal coal mine in Bengkulu, Sumatra in April 2012. The new mine will produce 600,000 tons per annum. Small? May be. But how many companies are producing at...
Kartika Selabumi & Bankruptcy
Central Jakarta Commercial Court has approved an application of Suspension of Debt Payment (PKPU) for PT Kartika Selabumi Mining, known as KSM Coal, a coal producer based in East Kalimantan. What's going on? Something to do with the downfall of coal mining business?...
Pricier Gas Means…
The government might have been lost direction in determining fuel price policy. But, that's not the case with natural gas and geothermal. Today, gas producers got a boost with 49% price hike for sales to PT Perusahaan Gas Negara (PGAS) Tbk, the state-owned gas...
Sebuku Block & Conflict Over Resources
Sebuku Block is home to the Ruby Gas Field with capital investment of US$500 million. The gas field has secured plan of development from government of Indonesia in July 2008 to produce about 100 MMSCFD of gas for fertilizer plant in North Bontang, East Kalimantan. The...
Anadarko & Indonesian Assets
Anadarko Petroleum has just posted net loss of US$2.65 billion last year, mostly related to US$4 billion payment to settle the dispute with BP related to the Gulf of Mexico disaster. What the company will do with its oil and gas assets in Indonesia? Rumors in the...
Coal Journal
Thermal coal price in Newcastle Port, Australia, the largest coal export terminal in the region, stood at US$91.55 per ton Friday (August 17). The commodity is now 26% below January 2012 price. Pressures on coal-related stocks continue in the region. In this report:...
More Smelters to Come, Electricity?
As the government started to restrict export of mineral ores with export duty of 20% (on average), application to build metal smelting and refining facilities increased substantially. Almost 100 companies plan to build these facilities, which also requires reliable...