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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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Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless  ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Australian Coal Association
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- The University of Queensland
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
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