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Monday, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
 The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small coal mining concessions throughout the archipelago to secure enough fuel for its growing number of power plants.
“We will open the tender next month as we are still preparing the details of business scheme,” said Dahlan Iskan, PLN’s president director. “The companies that win the tender will get royalties per ton, while the concessions will be operated by PLN. It is a solution to ended our dependence on coal supply from mining companies.”
PLN will set aside a minimum of Rp 5 trillion ($555 million) to pay royalties to the coal miners, Dahlan said.
The plant to operate the concessions of coal miners represents a change of tack from PLN’s earlier plan to obtain coal mining concessions itself.
In 2008, the utility set up a coal-buying subsidiary PT PLN Batubara. It was intended that Batubara would also eventually acquire coal mining concessions but it has been unable to do so. Batubara will now be tasked with operating concessions that PLN acquires.
“From our observation over the last three months, coal mining concessions all have been awarded to private companies and foreigners,” Dahlan said. “PLN could not obtain any coal concessions because we don’t have the money to bribe officials,” he said, referring to local government officials responsible for granting coal concessions.
However, Witoro Soelarno, secretary of the directorate general of coal and geothermal energy at the Energy Ministry, said PLN’s plan would violate the Mining Law, which states that mining concession holders should operate their own concessions and are not allowed to hand over the operation of their concession to other company.
“But the case with PLN may be different, because PLN will operate and will use the output itself, rather than selling it,” he said, adding that the Energy Ministry needed to review the plan.
PLN aims to put 10,000 MW of additional electricity capacity online by 2012, most of which will be generated from new coal-fired plants. However, it has been struggling to get enough fuel.
Last year, PLN spent around Rp 18 trillion on coal and it estimates that will increased to around Rp 30 trillion this year.
Small coal miners that already supply coal to PLN include PT Nusa Galih Nusantara, PT Ilthabi Bara Utama, PT Millenium Mining & Resources, PT Surya Artha Mandiri, PT Djan Resources, CV Buana Bara Lestari, PT Ecomas Jaya, PT Borneo Selatan, PT Nusa Alam Lestari, CV Bumi Sakti Prakarsa Mandiri, PT SInar Hakiki Multi, PT Hayam Wuruk, PT Nusantara Geocoal and PT Takenuda.
Source: The Jakarta Globe ( By:Reva Sasistiya)
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Tuesday, 08 June 10
RUSSIA REPORTED A TENFOLD GROWTH IN COAL EXPORTS TO CHINA IN 1Q 2010 - BRS
A retreat for all the dry bulk segments this week, but especially for the Panamax and Supramax markets. The Panamax 4TC remains over US$30,000/day h ...
Monday, 07 June 10
SOUTH AFRICA COAL STAYS NEAR 18-MONTH HIGH ON EUROPEAN DEMAND - BLOOMBERG
Bloomberg Reported that, Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, ...
Sunday, 06 June 10
THE DOWNWARD TREND FOR S6 AND S7 ROUTE IS LIKELY TO CONTINUE NEXT WEEK - VISTAAR
COALspot.com: "This seemed market heading for corrections with all sectors down", said, Capt. Reddy, MD of Vistaar Shipping Singapore, an ...
Sunday, 06 June 10
STEAM COAL MAY BECOME NEXT BOOMING COMMODITY IN AUSTRALIA - DB
Deutsche Bank predicts that thermal coal could become Australia's next booming commodity. The German investment bank's global thermal coal team ex ...
Friday, 04 June 10
INDO/INDIA AROUND THE MID 20'S LEVEL AND MID TO HIGH 20'S INDIA/CHINA
Handy
After a quiet end to last week, the Atlantic handysize market continued&nb ...
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- MS Steel International - UAE
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- Interocean Group of Companies - India
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- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
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- Minerals Council of Australia
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- Eastern Energy - Thailand
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- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
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- Carbofer General Trading SA - India
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- Australian Commodity Traders Exchange
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- GMR Energy Limited - India
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- Independent Power Producers Association of India
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- VISA Power Limited - India
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
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- Bukit Asam (Persero) Tbk - Indonesia
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- Energy Link Ltd, New Zealand
- Parliament of New Zealand
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- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
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- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
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- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Latin American Coal - Colombia
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- Power Finance Corporation Ltd., India
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- London Commodity Brokers - England
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- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
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- Parry Sugars Refinery, India
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- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
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- Leighton Contractors Pty Ltd - Australia
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- Samtan Co., Ltd - South Korea
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- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
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- Jorong Barutama Greston.PT - Indonesia
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- GN Power Mariveles Coal Plant, Philippines
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- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
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- Ministry of Transport, Egypt
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- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
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- Chamber of Mines of South Africa
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- PNOC Exploration Corporation - Philippines
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- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
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