The government plans to limit coal production in 2015-2030.
Quota is likely set at 425 million tons/year. In addition, domestic consumption of coal is assumed to be 98 million tons/year and up 8%/year. The policy will be introduced in October 2014. (Kontan)
PT Indosat Tbk (ISAT, Rp 3.885) ongoing plans to issue bonds of worth a total of IDR 10 trillion. For the first phase, the company will issue bonds worth of IDR 2 trillion to 3 trillion. Funds from the bond issuance will be used to restructure debt and fund capital expenditures. (Bisnis Indonesia)
Otoritas Jasa Keuangan (OJK) preparing a draft of six rules of Sharia Capital Market which is expected to be completed before the end of 2014. The rules were set up to facilitate the issuance of Sharia securities in the capital markets. (Bisnis Indonesia)
PT Pembangunan Jaya Ancol Tbk (PJAA, Rp1,200) intends to build an international recreation parks worth IDR 1.6 trillion, that is conveniently located next to the Dunia Fantasi, Ancol. Construction began in 2016 and will start operating in 2018. (Bisnis Indonesia)
for Indonesia Market Summaries 19 August 2014
Showing posts with label Indonesia Coal production. Show all posts
Showing posts with label Indonesia Coal production. Show all posts
Tuesday, August 19, 2014
Wednesday, August 28, 2013
Operational performance of PT United Tractors Tbk down 2.5% on July
Operational performance of PT United Tractors Tbk (UNTR, Rp14.750, NEUTRAL, TP Rp17.000) during July were down 2.5% month on month (MoM) rated below expectations. The decline caused by a decrease in mining and construction sectors in the same period.
Sales of UNTR in construction sector during the first 7 months of 2013, which represents 55% of the 2013 target is still under estimation. The sales decline was associated with rising interest rates and the fell of Rupiah's exchange rate against the U.S. dollarto undermine the interests of the non-mining sector. Mining sector demand is still low due to the price of coal is still weak.
Contract mining down 5% MoM due to higher rainfall in July. Overburden removal project fell 5.7% MoM and coal production fell 5.2% MoM in July, still within the expectations. July coal sales volume fell 41.2% MoM due to weak prices.
Low price also makes UNTR lowering sales volume and are under expectation and only 41.7% of our 2013-year target. UNTR currently traded at the price per earnings ratio (PE ratio) 11.6 x for 2013 and 10.5 x for 2014.
for Indonesia Market Summaries
Sales of UNTR in construction sector during the first 7 months of 2013, which represents 55% of the 2013 target is still under estimation. The sales decline was associated with rising interest rates and the fell of Rupiah's exchange rate against the U.S. dollarto undermine the interests of the non-mining sector. Mining sector demand is still low due to the price of coal is still weak.
Contract mining down 5% MoM due to higher rainfall in July. Overburden removal project fell 5.7% MoM and coal production fell 5.2% MoM in July, still within the expectations. July coal sales volume fell 41.2% MoM due to weak prices.
Low price also makes UNTR lowering sales volume and are under expectation and only 41.7% of our 2013-year target. UNTR currently traded at the price per earnings ratio (PE ratio) 11.6 x for 2013 and 10.5 x for 2014.
for Indonesia Market Summaries
Tuesday, June 25, 2013
Coal prices remained weak
The global economy that is still plagued by uncertainty and environmental issues make the prestige of coal commodity prices dimmed.
Discourse of the Environmental Protection Agency (EPA), which contains the proposed standard leveling coal power plant emissions with natural gas, considered to be detrimental to the coal producers, particularly in the United States (U.S.), because it is quite difficult to realize.
The U.S. Energy Administration agency said, the use of coal to generate electricity continues to drop in recent years. Last year, the allocation of coal for generating electricity usage in the U.S. fell to 37% from 2010's 45%. In 2005, the use of coal as a power plant is 50%.
Global demand for coal is also on the wane. One reason for this is because of the increasing number of alternative energy sources is maximized.
China and India had been the largest importer of coal. However, since winter ended, those countries tend to maximize hydroelectric power (hydropower plant). It's because the Chinese government has to impose new emissions standards on six industry-related caused by pollution in China is considered high.
Currently, India is still the only largest importer. Meanwhile, the coal supplies from producing countries such as the United States (U.S.), Australia, Indonesia and South Africa increasingly accumulate. Demand from India till now is quite stable, at least able to sustain the coal price movements so as not increasingly worse.
Until the end of 2013, the decline in coal production from producer countries will still happen, coal price is estimated to exist in the range U.S. $ 86.00 - U.S. $ 90.00 per ton.
for Indonesia Market Summaries
Discourse of the Environmental Protection Agency (EPA), which contains the proposed standard leveling coal power plant emissions with natural gas, considered to be detrimental to the coal producers, particularly in the United States (U.S.), because it is quite difficult to realize.
The U.S. Energy Administration agency said, the use of coal to generate electricity continues to drop in recent years. Last year, the allocation of coal for generating electricity usage in the U.S. fell to 37% from 2010's 45%. In 2005, the use of coal as a power plant is 50%.
Global demand for coal is also on the wane. One reason for this is because of the increasing number of alternative energy sources is maximized.
China and India had been the largest importer of coal. However, since winter ended, those countries tend to maximize hydroelectric power (hydropower plant). It's because the Chinese government has to impose new emissions standards on six industry-related caused by pollution in China is considered high.
Currently, India is still the only largest importer. Meanwhile, the coal supplies from producing countries such as the United States (U.S.), Australia, Indonesia and South Africa increasingly accumulate. Demand from India till now is quite stable, at least able to sustain the coal price movements so as not increasingly worse.
Until the end of 2013, the decline in coal production from producer countries will still happen, coal price is estimated to exist in the range U.S. $ 86.00 - U.S. $ 90.00 per ton.
for Indonesia Market Summaries
Tuesday, November 6, 2012
Indonesia Coal production is expected to be retained In 2013
Asosiasi Pertambangan Batubara Indonesia (APBI) or Indonesian Coal Mining Association (ICMA) said in 2013 coal production will be halted. APBI chairman Bob Kamandanu said coal production in 2013 will be suspended because a lot of young players who no longer play in the coal business.
"Production will be suspended, but not because of the players do not grow. It is Because of the loss of small players," Bob said at the sidelines of the Coal Investment 2012 in Jakarta, Tuesday (6/11).
According to him, the coal production in 2013 will be flat. Means there will be much change from the 2012 production. If this year's coal production is predicted to reach 340 million tonnes, likely next year will also revolve in the figure. He said the production much better on hold when the price is low.
"Better hold until the high price. Suspended because many mining companies that appear later in the lid, large margin those expectations," he explained. Bob pointed out in Jambi, from 32 companies now left only 4. They are trying to hard. Moreover, South Kalimantan is actually good for the market and industry.
Coal production in 2013 will be flat and muffled. As well as the allocation of coal for domestic needs (Domestic Market Obligation / DMO). Previously, the government slashed the allocation of coal for domestic needs (Domestic Market Obligation / DMO) this year about 15 million tons, from the original plan of 82.07 million tonnes to 67.25 million tonnes only.
"The year 2013 will remain DMO with this year, because the output still remains. I would look at the expectations and the realization of the demand for coal."
On October 31, 2012, the government issued Decree on Amendments to No.909.K/30/DJB/2012 EMR EMR Decree No.1991 K/30/MEM/2011 on the Determination Requirements and Minimum Percentage Coal Sales in the Interest of the Interior in 2012.
The decree was signed by Thamrin Sihite, Director General of Mineral and Coal on behalf of the Minister. Decree was also forwarded to the President, the Vice President, the Minister of Energy and Mineral Resources, Minister for Economic Affairs, Minister of the Interior, and the Minister of Industry. In the new decree, the estimation of coal for domestic interest this year was revised to 67.25 million tonnes from 82.07 million tonnes previously. Thus, a minimum percentage of domestic sales of coal by coal mining enterprises also revised to 20.47% from 24.72% previously. There is no coal production this year is estimated around 332 million tonnes.
While the price of coal, is expected in the second half of next year the price of coal will again reach common ground. "Proverbially, I have not seen the light," he explained. According to him, coal price for above USD 100 per tonne only be seen within the period of 18 months from now.
"If the second half of next year around USD 90 to 95 per tonne. Recover at least after 18 months." The price is still stable between USD 80 to 85 per tonne.
for Indonesia Market Summaries
"Production will be suspended, but not because of the players do not grow. It is Because of the loss of small players," Bob said at the sidelines of the Coal Investment 2012 in Jakarta, Tuesday (6/11).
According to him, the coal production in 2013 will be flat. Means there will be much change from the 2012 production. If this year's coal production is predicted to reach 340 million tonnes, likely next year will also revolve in the figure. He said the production much better on hold when the price is low.
"Better hold until the high price. Suspended because many mining companies that appear later in the lid, large margin those expectations," he explained. Bob pointed out in Jambi, from 32 companies now left only 4. They are trying to hard. Moreover, South Kalimantan is actually good for the market and industry.
Coal production in 2013 will be flat and muffled. As well as the allocation of coal for domestic needs (Domestic Market Obligation / DMO). Previously, the government slashed the allocation of coal for domestic needs (Domestic Market Obligation / DMO) this year about 15 million tons, from the original plan of 82.07 million tonnes to 67.25 million tonnes only.
"The year 2013 will remain DMO with this year, because the output still remains. I would look at the expectations and the realization of the demand for coal."
On October 31, 2012, the government issued Decree on Amendments to No.909.K/30/DJB/2012 EMR EMR Decree No.1991 K/30/MEM/2011 on the Determination Requirements and Minimum Percentage Coal Sales in the Interest of the Interior in 2012.
The decree was signed by Thamrin Sihite, Director General of Mineral and Coal on behalf of the Minister. Decree was also forwarded to the President, the Vice President, the Minister of Energy and Mineral Resources, Minister for Economic Affairs, Minister of the Interior, and the Minister of Industry. In the new decree, the estimation of coal for domestic interest this year was revised to 67.25 million tonnes from 82.07 million tonnes previously. Thus, a minimum percentage of domestic sales of coal by coal mining enterprises also revised to 20.47% from 24.72% previously. There is no coal production this year is estimated around 332 million tonnes.
While the price of coal, is expected in the second half of next year the price of coal will again reach common ground. "Proverbially, I have not seen the light," he explained. According to him, coal price for above USD 100 per tonne only be seen within the period of 18 months from now.
"If the second half of next year around USD 90 to 95 per tonne. Recover at least after 18 months." The price is still stable between USD 80 to 85 per tonne.
for Indonesia Market Summaries
Subscribe to:
Posts (Atom)