Indonesia's Coal Production grew by 19.4% last year -BP

August9, 2011

Indonesia’s coal production grew by 19.4% last year to 305.879 million tonnes from 256.181 million tonnes in 2009, the fastest growth in the world, according BP statistical review 2011 that release today. For 60 years, the BP Statistical Review of World Energy has provided high - quality, objective and globally consistent data on world energy markets.

Indonesia market share to global coal production was 5%. The biggest market share of global coal production still China which accounted 48.3% and USA 14.8%.

The BP's statistics further said, china was produced 1800.4 million tonnes of coal in 2010 and USA 552.2 million tonnes. New Zealand accounted as country which the second fastest growth of coal production (16.8%) to 3.3 million tonnes.

North America region coal production in 2010 only grew 2.3% to 591.6 million tonnes. South and Central America grew 2.6%, Europe and Eurasia 2.1%, Africa 1.3%, Asia Pacific 8.4%, and total world grew was 6.3%.

According to Bob Dudley, BP's chief executive, the world's coal consumption grew by 7.6% in 2010, the fastest global growth since 2003. Coal now accounts for 29.6% of global energy consumption, up from 25.6% ten years ago.

Chinese consumption grew by 10.1%. China last year consumed 48.2% of the world’s coal and accounted for nearly two-thirds of global consumption growth. India consumption grew 10.8% to 277.6 million tonnes oil equivalent. Meanwhile, Indonesia and Japan consumption also grew 13.7% to 39.4 million tonnes and 123.7 million tones. But consumption growth was robust elsewhere as well.

OECD consumption grew by 5.2%, the strongest growth since 1979, with strong growth in all regions. Global coal production grew by 6.3%, with China (+9%) agaian accounting for two-thirds of global growth. Elsewhere, coal production grew robustly in the US and Asia but fell in the EU, helping to explain the relative strength of coal prices in Europe.

Dated Brent averaged $ 79.50 per barrel in 2010 ,an increase of 29% from the 2009 but still nearly $18 per barrel below the 2008 record level. Other bench mark crudes registered similar increases.

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(sourced coalspot)

Mercator to boost Indonesia coal output

Wed Mar 9, 2011 9:12am GMT

* Mercator traded 4 million tonnes Indonesian coal in 2010
* Oorja mine reaches 1.5 million tonnes output
* New high quality coal mine will add 2 million tonnes

NEW DELHI, March 9 (Reuters) - India's Mercator Lines Ltd (MRCT.BO: Quote) is to boost its Indonesian coal production to 3.5 million tonnes a year with a new mine, a Mercator executive said on Wednesday.

Speaking on the sidelines of a Coaltrans conference in New Delhi, he said Mercator's Ooorja mine in Petangis, East Kalimantan had also grown its output to 1.5 million tonnes a year of 5,400 GAD coal, which is largely shipped to India.

"We traded 4 million tonnes of Indonesian coal last year including our own mine production, the rest we bought from smaller players," the Mercator executive said.

"We mostly sell to traders who then export, only about 30 percent of our output is sold directly to Indian end-users," he said.

The new mine will begin operations this year and produce 2 million tonnes a year of 6,000 GAD coal.

The mine has 40 million tonnes of reserves, he added.

Mercator, India's second-largest private shipping firm, diversified into coal mining four years ago.

"The quality of coal we are producing is ideal for the Indian market but the new mine has higher quality coal, which could go to India or elsewhere in Asia," he said.

Mercator has mostly shipped in 50,000 tonne vessels but because it is one of the world's largest owners of gear grabber panamax vessels the company plans to graduate to panamax loading.

"This gives us a freight advantage with costs," he said.

(Reporting by Jackie Cowhig; Editing by Alison Birrane,sourced Thomson Reuters)