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Saturday, 15 January 11
RISING PRICES, GOVERNMENT DECREE LEAVE PLN AT LOGGERHEADS WITH COAL FIRMS - THE JAKARTA GLOBE
 The Jakarta Globe reported that, As coal prices continue to increase, state utility Perusahaan Listrik Negara faces problems in securing enough coal to meet power demands, a top executive said.
“We are in a dilemma now. The increasing price of coal is a real problem,” PLN chairman Dahlan Iskan said on Thursday.
High coal prices, he said, will in turn force the company to bear high operating costs.
Prices at Australia’s Newcastle port, a benchmark for Asia, rose 8 percent to $129.9 per metric ton as of Jan. 7, up from $119.47 per metric ton in December. The price of 6,322 cal/kg coal is $112.4 per metric ton, up from $103.4 per metric ton in December .
PLN has contracts with 53 suppliers to secure 55.8 million tons of coal to fuel its power plants, but Dahlan said it is at a crossroads with the rising prices.
Nur Pamudji, PLN’s director of primary energy, said it would demand producers honor the coal price stated in an Energy Ministry decree.
“The decree says that the price of coal in 2011 depends on 2010’s fourth-quarter average,” Nur said.
The average price in December was $103.4 per metric ton, but the Indonesian Coal Mining Association (APBI) said coal companies had no choice but to increase their prices.
“International coal prices keep increasing, so we have to sell according to global prices,” said the APBI’s executive director, Supriatna Suhala.
Harsh winter weather and floods in Australia caused coal prices to rise, Supriatna said, adding that prices could reach $120 per metric ton this year.
Fabby Tumiwa, an energy analyst from the Institute of Essential Services Reform, said PLN should recalculate its operational costs “because the assumptions are totally different from the state budget.”
PLN must raise electricity prices and demand more subsidies from the government, he said.
It will receive Rp 41.2 trillion ($4.6 billion) in electricity subsidies this year, down from Rp 55.1 trillion in 2010. “I think the government has to support PLN to keep it alive,” he said.
Source: The Jakarta Globe
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Sunday, 23 January 11
THE AVERAGE CHARTER RATE FOR CAPE SIZE VESSELS WAS AT $ 8,859 PD ALMOST CLOSE TO 2008 LOWS - VISTAAR
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1,370 points. “ In May 2010 the BDI touched ...
Saturday, 22 January 11
POSSIBLE COAL EXPORT RESTRICTIONS ON INDONESIA UNLIKELY TO AFFECT CHURCHILL MINING - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining moved to reassure investors after a fall in its share price, stating that from talks with the au ...
Thursday, 20 January 11
INDONESIA MAY BAN LOW-QUALITY COAL EXPORTS FROM 2014 - BLOOMBERG
Bloomberg reported that, The Indonesian government plans to ban exports of coal with an energy value of less than 5,600 kilocalories a kilogram star ...
Thursday, 20 January 11
SUPRAS ARE DOING USD 7- 8K FOR INDONESIA-INDIA - FEARNBULK
Handy
Negative sentiment for forward positions in the Atlantic market due to lack of cargo availability and too many ballasters from the East. Con ...
Thursday, 20 January 11
ITMG TARGETS TO PRODUCE 25 MILLION TONS OF COAL THIS YEAR - BISNIS INDONESIA
Bisnis Indonesia reported that, Coal producer PT Indo Tambangraya Megah Tbk (ITMG) targets to produce 25 million tons of coal this year, a 13. ...
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- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
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