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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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Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
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- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
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- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
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- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
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- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
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- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
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- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
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