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Thursday, 13 January 11
SURGING COAL PRICES UNDERMINE PLN'S EFFICIENCY PROGRAM - THE JAKARTA POST
The Jakarta Post reported that, The soaring global coal prices are undermining state electricity company PT PLN's pledge to improve its operational efficiency by cutting its dependency on oil-based fuels and boosting coal usage to fire its power plants.
PLN president director Dahlan Iskan said Thursday that currently, surging coal prices had posed the most dangerous threat to his company as it would increase the company's operational costs and affect the electricity tariff rate.
“Increased coal prices hugely influence PLN's operational costs. We have to buy coal at international market prices although Indonesia is among the largest coal producers in the world,” he said over the phone.
Dahlan added that climbing coal prices might “influence people as a whole”, but declined to explain whether the company would raise the basic electricity tariff to deal with ballooning operational costs.
“Now, we're focusing our energy on finding solutions to prevent the negative impacts of high coal prices,” he said.
The Indonesian Coal Mining Association (APBI) forecasts that domestic coal consumption may reach 78 million tons in 2011. Of that amount, 50 million tons of coal will be utilized to fire PLN's power plants across the country.
According to the Oil and Gas Directorate General at the Energy and Mineral Resources Ministry, the coal reference price stands at US$112 per ton, up 8.6 percent from $103.41 per ton in December.
APBI executive director Supriatna Suhala predicted that the price would stay at between $120 and $130 this year.
Source: The Jakarta Post
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Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...
Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...
Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...
Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...
Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...
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- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- The University of Queensland
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Independent Power Producers Association of India
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