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Saturday, 15 January 11
MAKE SACRIFICES TO SAVE PLN, INDONESIA GOVT BEGS MINERS - THE JAKARTA GLOBE
 The Jakarta Globe reported that, Darwin Zahedi Saleh, Indonesia's minister of energy and mineral resources, on Friday appealed to local coal companies to sell their fuel to state utility Perusahaan Listrik Negara at below global market prices.
“I hope that all coal companies in Indonesia will sacrifice for the best interest of the nation,” he told reporters.
His comments came the day after PLN Chairman Dahlan Iskan said the power company was facing problems securing enough coal to meet the country’s growing demand for electricity.
According to an Energy Ministry decree, the price of coal in 2011 would be determined on the 2010 fourth-quarter average. December’s average national price was $103.40 per metric ton. But prices at Australia’s Newcastle port, which serves as a benchmark for Asia, have risen 8 percent to $129.9 per metric ton as of Jan. 7, up from $119.47 per ton in December.
Coal producers have not reacted positively to being asked to sell at below market rates. The Indonesian Coal Mining Association (APBI) said its members had no choice but to increase prices in line with rising demand.
“International coal prices keep increasing, so we have to sell according to global prices,” APBI executive director Supriatna Suhala said on Thursday.
Coal prices are rising as harsh winter weather across the globe and floods in Australia are driving up demand, he added.
PLN has contracts with 53 suppliers to provide 55.8 million tons of coal to fuel its power plants this year, but it failed to lock down prices. Providers have said they would sell their coal through business-to-business contracts, which follow international pricing.
“We will stick to the business-to-business agreement. That’s all,” Andre Mamuaya, corporate secretary of Adaro Indonesia, told the Jakarta Globe. He said companies, including Adaro, were still negotiating prices with PLN. He said Adaro would stick to its original offer to PLN, which is based on the international coal index price.
Adaro is set to provide 10 million tons of coal to PLN this year. Other suppliers include Arutmin Indonesia, Tambang Batubara Bukit Asam, Kaltim Prima Coal and Berau Coal. Rosan Perkasa, president director of Berau Coal, and Sukrisno, president director of Bukit Asam, did not return calls for comment.
Nur Pamudji, PLN’s director of primary energy, said this week that, assuming a 20 percent increase in coal prices, the utility would need more than Rp 2 trillion in additional electricity subsidies this year.
PLN will receive Rp 41.2 trillion ($4.6 billion) in electricity subsidies this year, down from Rp 55.1 trillion in 2010.
Source: The Jakarta Globe
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Saturday, 29 January 11
ANTAM ACQUIRES SAROLANGUN COAL MINING
According to Insider Stories, Nickel and gold miner PT Aneka Tambang Tbk (Antam) of Indonesia via its subsidiary PT Indonesia Coal Resources (ICR) h ...
Friday, 28 January 11
MPM SEEKS 40K TONS OF INDONESIAN COAL
An Indian paper producer Mysore Paper Mills Ltd., based in Bangalore is looking for 40,000 metric tons of non-coking coal of Indonesian o ...
Friday, 28 January 11
TRADING PERMIT DELAYS THREATEN EXPORTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, an ongoing wrangle over licenses for mining traders could hurt investment, a coal mining association chief said on ...
Friday, 28 January 11
DRY BULK MARKET CLOSING IN TOWARDS CRISIS LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The trials and tribulations of the dry bulk market seem to have no end during the first month of 2011, as the industry’s benchmark, the Baltic ...
Wednesday, 26 January 11
ADANI TO SET-UP RAIL, PORT AND POWER PROJECTS IN INDONESIA - MONEYCONTROL
Moneycontrol reported that, Adani Enterprises, the flagship company of India’s infrastructure conglomerate the Adani Group, today announced th ...
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- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- White Energy Company Limited
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Economic Council, Georgia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- MS Steel International - UAE
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- The University of Queensland
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
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