Category Archives: Coal News

Indonesia coal mine explosion traps 24 – official

Kalimantan Coal
JAKARTA, June 16 (Reuters) – An Indonesian government official said on Tuesday that 24 miners had been trapped underground following an explosion in a coal mine in Sumatra island.
Syafriwal, head of the government mining division in Sawahlunto city in West Sumatra, denied earlier reports that the accident was due to a landslide near a coal mine operated by state coal miner PT Bukit Asam (PTBA.JK).
“It’s not a landslide, but an explosion at an underground mine,” the official said. (Reporting by Olivia Rondonuwu; Editing by Sara Webb)
Related News in Bahasa:
Tambang Underground Meledak, 5 Tewas, Puluhan Masih Terjebak
Jakarta – TAMBANG. Sebuah ledakan terjadi di tambang batubara bawah tanah (underground) di Sawahlunto, Sumatera Barat, Selasa pagi, 16 Juni 2009. Dilaporkan lima penambang tewas akibat musibah itu. Sementara beberapa orang lainnya mengalami luka bakar serius. Dengan rata-rata pekerja yang berjumlah 20-30 orang per hari, puluhan pekerja tambang diduga masih terjebak di tambang bawah tanah tersebut. Sampai saat berita ini diturunkan, proses evakuasi masih terus dilakukan. PT Tambang Batubara Bukit Asam (PTBA) Unit Umbilin pun sudah menerjunkan rescue team untuk membantu proses evakuasi tersebut. Meskipun demikian, lokasi ledakan tersebut jauh dari tambang milik PTBA, sehingga tidak berpengaruh pada operasi tambang PTBA.Peristiwa ledakan itu sendiri terjadi di sebuah tambang yang dikelola oleh CV Perdana, pada KP yang tercatat atas kepemilikan Dasrat. Tambang yang hanya memproduksi 1.500 ton batubara per bulannya itu berlokasi di kawasan Bukik Cigak, Kecamatan Talawi, Sawahlunto, Sumatera Barat.Kejadian ini bukanlah yang pertama pada pertambangan di kawasan tersebut. Sebelumnya kecelakaan serupa juga pernah terjadi. Menurut M.S. Marpaung, Direktur Teknik dan Lingkungan, Departemen Energi dan Sumber Daya Mineral, kejadian ini dimungkinkan karena kondisi tambang bawah tanah yang dikelola secara manual memang sangat berbahaya.“Ini tambang bawah tanah, tapi masih dikelola secara manual. Alat yang digunakan masih sederhana, dan penerangannya juga masih menggunakan lampu biasa. Percikan api kecil pun bisa memicu ledakan, ketika kadar gas metan ada di kisaran 7-12%,” jelasnya kepada Majalah TAMBANG, saat dihubungi melalui telepon, Selasa, 16 Juni 2009. Menyikapi hal ini, Marpaung mengatakan akan berkoordinasi dengan Kepala Inspeksi Tambang Daerah, yang bertanggung jawab dalam inspeksi tambang di kawasan tersebut, terkait dengan faktor keselamatan kerja ini. Selanjutnya, Marpaung juga menekankan pentingnya mendidik dan melatih penambang di sana untuk mengantisipasi kondisi yang disebutnya berbahaya tersebut.

Operations at Australia Oriental’s Indonesian coal project suspended

Kalimantan Coal
JOHANNESBURG (miningweekly.com) – ASX-listed Australia Oriental Minerals reported on Monday that operations at the Muara Teweh coal concession, in Indonesia, have been suspended, as a result of subeconomic returns.The company cited a combination of the weak global economic outlook and the complex geology resulting in lower-than-expected inferred coal resources.Australia Oriental Minerals said that its 30%-owned associate company, Asiatic Coal (ACPL), which owns the mining rights to Muara Teweh, had said that the suspension of operations would be reviewed at regular intervals, until conditions improved to the extent that operations may be restarted.The mining concession covers an area of about 4 005 ha, located in the Central Kalimantan province. The mining concession is located in an area of well-known Indonesian coal basins and within the known region of Anthracite/High Bituminous coal in Kalimantan.A drilling programme to delineate a resource in accordance with the joint ore reserves committee (Jorc) code over the central mining concession was completed in December 2008, with a total of 130 holes being drilled.During the same financial year, exploratory drilling programmes were also started in the two adjoining blocks over which ACPL has an option to acquire, with the aim to provide preliminary indications of coal mineralisation. It was anticipated that further drilling would be conducted over the areas where coal mineralisation is present to delineate a resource in accordance with Jorc code.
Edited by: Mariaan Webb

Asia Coal-Prices edges up to $64 on China, India demand

Kalimantan Coal
JAKARTA, May 21 (Reuters) – Australian thermal coal prices, a benchmark for Asia, edged up to $64 a tonne this week, supported by steady demand from China and India.
Thermal coal prices on the globalCOAL Newcastle index rose $0.73 to $64.19 a tonne, from $63.46 a tonne in the previous week.
“There’s still some strong demand from China while India’s demand has been stable. If the two stop buying, prices will drop,” a regional trader, said.
The Customs data also showed that China’s coal imports soared to a record high of 9.16 million tonnes in April, up 3.4 million from a month earlier and far above market expectations. [ID:nPEK351294]
The failure of China’s coal miners to strike an annual price deal with the country’s five big power firms this year and the closure of smaller mines have opened the door to imports, although the country is the world’s top coal exporters.
China’s appetite for overseas coal had helped lift Asian coal prices from a near 6-month low of $58 a tonne in February to hover above $60 the past two months.
“But bullish is still a long way to go. Unless the global economy is improving, everybody will still be apprehensive,” the trader said.
There were no physical trades registered on globalCOAL for this week.
* INDONESIA COAL
Chinese buyers were still scouting for coal, offering to buy Indonesian bituminous coal of 6,300 kcal/kg at between $55-58 a tonne air-dried basis, FOB mother vessel, but sellers wanted it at around $60 a tonne, traders said.
“We still see inquiries from China but they want much lower prices,” an Indonesian trader said.
Parcels of Indonesian bituminous coal of 6,300 kcal/kg ADB were sold to China at $62 a tonne, FOB mother vessel, but there were no details of buyers and volume, the regional trader said.
Cargoes from Indonesia to India were still flowing, although the monsoon was approaching at the end of the month, but Indian buyers were more selective than in the past.
“Supply is plenty in the market — that gives Indian buyers more choice of those whose cargoes are better or have less moisture and sulphur content,” the regional trader said.
“Many people want to offer their coal but India prefers to buy from South Africa because the price is so low,” he said. (Reporting by Fitri Wulandari; Editing by Clarence Fernandez)

Thai Banpu Q1 net profit up 132 pct, above f’cast

* Q1 revenue up 58 pct due to higher selling prices

* Q1 earnings seen strongest in ’09, analysts say

* Q2 outlook remains robust, coal sales volume to rise (Adds details)

BANGKOK, May 12 (Reuters) – Thailand’s top coal miner, Banpu BANP.BK, said on Tuesday its first-quarter earnings rose a higher-than-expected 132 percent as gains from hedging and the full operation of its 50 percent owned BLCP plant boosted growth.

Analysts expect the first-quarter earnings to be the high point for 2009, but the second-quarter outlook is still solid due to the full-capacity operation of its BLCP plant after maintenance in the fourth quarter, and with an expected rise in the volume of coal sales.

Banpu, also Indonesia’s fourth-largest coal company with five coal mines, posted a January-March net profit of 4.8 billion baht ($139 million), or 17.65 baht per share, compared with 2.07 billion baht a year earlier and up from 1.74 billion in the previous quarter.

Ten analysts polled by Reuters had forecast a net profit of 3.4 billion baht for the quarter.

First-quarter sales surged 58 percent to 13.6 billion baht on the back of higher selling prices, the company said.

Coal sales volume dropped 10 percent to 4.08 million tonnes, mainly due to lower production at its Indominco and Jarong mines.

Its average coal selling price rose 71 percent to $84.23 a tonne thanks to high prices set in contracts reached last year. It also said it sold more high-quality coal in the quarter.
Banpu shares, which trades at 7.87 times forecast earnings compared with PTT’s PTT.BK 10.2 times and an average 8.4 times for the energy sector, fell 5.7 percent in the January-March period against a 4.1 percent drop in the main Thai index .SETI. ($1 =34.64 Baht) (Reporting by Ploy Chitsomboon; Editing by Alan Raybould)

S Africa bunker problems slow down Indian thermal coal buying

Kalimantan Coal
Reuters quoted Indian traders said that Indian coal buyers are avoiding shipping from South Africa’s Richards Bay Coal Terminal put off by much slower bunker fuelling and higher bunker prices.Shipping sources said that the Smit Bongani barge which usually supplies bunker fuel to berthed vessels at RBCT is being double-hulled in Durban for 3 months. During this period it is replaced by the Marine Excellence which has a much lower uplift capacity and pumping rate.One major Indian coal importer said that “There is scarce supply of bunker currently at RBCT and problems with the barges. This is one of the reasons why we are not keen to be lifting South African cargoes at present.”A shipping source said that “It’s probably more of a hassle factor than a price factor at the moment. I’m not sure how far bunker prices have risen but the queue for bunkering is quite long, so using the smaller barge is causing delays.”Indian imports of South African coal are likely to be close to 12 million tonnes in 2009 up from 10 million of 2008.Imports always slow during the June to September monsoon season but some importers are still trying to ship South African coal to the Indian ports least affected by monsoon weather during this period.(Sourced from Reuters)

Asia Coal-Prices ease to near $63 on demand concerns

Kalimantan Coal
JAKARTA, May 7 (Reuters) – Australian thermal coal prices, a benchmark for Asia, edged lower to around $63 a tonne on concerns over demand, after hitting a two-week high of $64 earlier in the week.
Thermal coal prices on the globalCOAL Newcastle weekly index were at $63.17 a tonne late on Wednesday, up from $62.27 a tonne a week ago.
“It’s a temporary fluctuation,” a regional trader said.
“But the trend is still sluggish as coal stocks are quite healthy and Indian demand is going to subside in May,” the trader said.
Indian buyers tend to stock up on coal before the start of the monsoon in India in June.
There were no physical trades registered on globalCOAL.
* INDONESIA COAL
Indonesian bituminous coal of 6,300 kcal/kg air-dried basis was offered at around $60 a tonne, FOB mother vessel from Sumatra, while some traders offered coal of the same quality at between $65-$66 a tonne, FOB mother vessel from Kalimantan.
Indian demand for Indonesian coal eased as buyers switched to South African coal, while Chinese buyers who had been active in the past weeks slowed purchasing, an Indonesian producer said “We still see a lot of inquiries from Chinese buyers. But they stop short on asking prices,” the producer said.
Buyers were seeking Indonesian coal of 6,300 kcal/kg at $51-$55, FOB mother vessel, the producer said.
Indonesian sub-bituminous coal of 5,300 kcal/kg was offered at around $35-$37 a tonne, FOB mother vessel from Kalimantan.
Demand from industrial sectors such as textiles has eased but steady demand from power plants helped to support prices.
PT Pembangkitan Jawa-Bali, a unit of state-electricity firm Perusahaan Listrik Negara, is in the process of short-listing bidders in a tender seeking 60,000 tonnes of 4,900 kcal/kg as-received coal a month for its Paiton power plant.
The firm is expected to award the contract in coming weeks.
GLOBALCOAL SWAPS TRADES SINCE MAY 4 ——————————————
PERIOD WEDNESDAY TUESDAY MONDAY
Q3’09 N/A $65.25 N/A ($1=10350 Rupiah) (Reporting by Fitri Wulandari, editing by Sara Webb)

Indonesia S.Kalimantan gets coal trucks off public roads

JAKARTA, April 27 (Reuters) – A local government in one of Indonesia’s top coal-producing areas has banned coal and palm oil firms from using public roads because of the damage done by the trucks, a move which could increase costs for smaller producers. The governor of South Kalimantan province, which accounts for around 36 percent of Indonesia’s total coal production, said the new regulation was intended to reduce the damage to key infrastructure and would come into effect in July.
The ban is unlikely to affect shipments from big coal producers in the area — including PT Adaro Energy Tbk (ADRO.JK) and PT Arutmin, a unit of Indonesia’s largest coal producer PT Bumi Resources Tbk (BUMI.JK) — as they have their own hauling roads, according to Supriatna Suhala, executive director of Indonesia Coal Association.
“It will affect small miners. They may either have to declare force majeur, incur extra costs by building roads, or use small trucks which are suitable for public roads,” Suhala said.
“Ideally, all miners should have their own roads because they use heavy machinery which could damage public roads,” he said.
Many of the public roads in South Kalimantan have been badly damaged, as they were not intended for heavy use by trucks carrying coal and oil palm fruit and weighing tens of tonnes.
Coal miners and palm oil planters must build their own roads linking the mines and plantations to the nearest river ports by the end of July, Governor Rudy Ariffin said.
“If their roads come across public roads, they will have to build an underpass,” Ariffin told Reuters in Jakarta after a meeting with legislators.
“Companies are now working to build their own roads. Hopefully, the roads can be used to transport mining products and agriculture produce by July,” he said.
Indonesia is expected to produce 230 million tonnes of coal this year. (Writing by Fitri Wulandari; Editing by Sara Webb)