KAL Energy, Inc. (OTC BB:KALG.OB - News) CEO Mr. Cameron Reynolds -- a presenter at the 2007 Coaltrans Asia conference being held in Bali -- stated, "The resounding theme here is the bullish demand sentiment -- as evidenced by the recent 28% increase in the China/Japan contract negotiation, and the 2-year high reached for Newcastle coal. This is a very positive indication for KAL Energy, and our business model based on our Indonesian coal concessions."
A recent Bloomberg article (June 4, 2007) commenting on the Coaltrans Asia conference quoted Erindra Krisnawan, a Jakarta-based UBS AG analyst, saying, "Indonesia is under the spotlight as buyers will likely turn to the country to fill the gap left by limited growth. The big theme is exports to China."
Indonesian domestic demand continues to grow strongly also. Alluding to the combined strength of both the domestic and export markets, the article quoted Jeffrey Mulyono, the head of the Indonesian Coal Mining Association, as saying, "The world will take any amount we produce but it's impossible to allocate all the coal to exports."
The article went on to quote the May 21 U.S. Energy Information Administration report, which stated, "Indonesia has low-cost reserves of low-sulfur coal, many ports, and proximity to expanding markets in Asia."
For detailed please visit : http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTeSh8nEK.k8
No comments:
Post a Comment