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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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Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establi ...
Monday, 05 April 10
MARCO POLO MARINE SECURES US$20 MILLION 4-YEAR COAL TRANSSHIPMENT CONTRACT
COALspot.com: Accordign to Mraco Polo Marine website, Singapore Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logisti ...
Saturday, 03 April 10
SHIPS OPENING FAREAST CONTINUE TO BE STRUGGLING FOR CARGOES - VISTAAR
COALspot.com: The dry bulk freight market continues to be under pressure and all the indices were down this week except for Cape size index which wa ...
Friday, 02 April 10
XSTRATA RAISES BENCHMARK COAL PRICE AS MUCH AS 40% - BLOOMBERG
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used for power, raised benchmark prices for the fuel to an unidenti ...
Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
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- Medco Energi Mining Internasional
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- Singapore Mercantile Exchange
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- India Bulls Power Limited - India
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- Indian Oil Corporation Limited
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- Videocon Industries ltd - India
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- Heidelberg Cement - Germany
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- Coal and Oil Company - UAE
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- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
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- Minerals Council of Australia
- London Commodity Brokers - England
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- LBH Netherlands Bv - Netherlands
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- Africa Commodities Group - South Africa
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- Larsen & Toubro Limited - India
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- Power Finance Corporation Ltd., India
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- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
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- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
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- Energy Link Ltd, New Zealand
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- Thai Mozambique Logistica
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- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
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- Wood Mackenzie - Singapore
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- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
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- Planning Commission, India
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
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- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
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- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
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- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
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- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
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- Posco Energy - South Korea
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
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- Carbofer General Trading SA - India
- Australian Coal Association
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
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- European Bulk Services B.V. - Netherlands
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