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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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Saturday, 06 February 10
COAL MINISTRY SEEKS CUT IN IMPORT DUTY
The coal ministry wants the finance ministry to reduce the 5.1% import duty on thermal coal and continue with the existing zero import duty on cokin ...
Friday, 05 February 10
IN 2010, CHINA COAL OUTPUT TO REACH AROUND 3.3BLN T
It is expected that China's coal production in 2010 will reach around 3.3bln tons. It is predicted that in the first quarter of 2010, the tight coa ...
Thursday, 04 February 10
INDIA REMAINS FIRM - FEARNRESEARCH
CHARTERING - DRY BULK
Handy
The BSI has continued it´s downward movement for 2 weeks now.Nevertheless activity in the atlantic remains bu ...
Thursday, 04 February 10
INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
IPFA TO JOIN INF ...
Thursday, 04 February 10
INDIA`S APPETITE FOR COAL EXPECTED TO RISE SHARPLY
Coal powers more than half of India's electricity plants and demand for the commodity is expected to rise sharply as the third-largest Asian econom ...
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- Anglo American - United Kingdom
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- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
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- ICICI Bank Limited - India
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- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
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- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
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- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
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- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
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- Directorate Of Revenue Intelligence - India
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- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
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- Global Business Power Corporation, Philippines
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- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
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- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
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- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
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- Gujarat Sidhee Cement - India
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- Indo Tambangraya Megah - Indonesia
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- Baramulti Group, Indonesia
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- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
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- Vedanta Resources Plc - India
- Economic Council, Georgia
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- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- CNBM International Corporation - China
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- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
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- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
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