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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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Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
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- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Planning Commission, India
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
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