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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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- Latin American Coal - Colombia
- Parliament of New Zealand
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- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
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- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Marubeni Corporation - India
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- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
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- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
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- ICICI Bank Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Minerals Council of Australia
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- Singapore Mercantile Exchange
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- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
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- Mercator Lines Limited - India
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- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
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- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Orica Australia Pty. Ltd.
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- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
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- Indonesian Coal Mining Association
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- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
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- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- India Bulls Power Limited - India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
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- Holcim Trading Pte Ltd - Singapore
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