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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, 15 January 11
SUPRAMAX VESSELS FIXED AROUND $ 8K FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The BDI continues to drop and has touched below 1,500 points with the cape index severely affected with the index touching 1,595 poin ...
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 ...
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 ...
Thursday, 13 January 11
SPML INFRA TO DOUBLE INDONESIA COAL MINE OUTPUT IN TWO YEARS - DNA INDIA
DNA India reported that, Kolkata-based infrastructure company SPML Infra, formerly Subhash Projects & Marketing Ltd, will in two years nearly do ...
Thursday, 13 January 11
DRY BULK RATES HIT NEW MULTI-MONTH LOWS ON AUSTRALIAS FLOODS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Floods in Australia’s Queensland has seriously disrupted coal shipments and together with a flood of vessels has pushed freight rates for dry ...
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Showing 5426 to 5430 news of total 6871 |
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- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
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