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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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Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...
Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy
The BSI regained positive momentum exactly a week ago and the Atlantic rema ...
Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...
Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...
Tuesday, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also ...
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- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- White Energy Company Limited
- The University of Queensland
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
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