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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 ($4.6 billion) in electricity subsidies this year, down from Rp 55.1 trillion in 2010.
Source: The Jakarta Globe
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Wednesday, 12 January 11
BULKER DELIVERIES WEIGHING IN ON FREIGHT RATES KEEPING SENTIMENT ON A NEGATIVE MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of new buildings still hitting the water has caught up for good with the freight market, with capesizes unable to weather the storm. With r ...
Tuesday, 11 January 11
SUPRAMAX TRIP VIA INDONESIA TO INDIA US$ 8,000 PER DAY
Despite continued growth in the bulk trades, the delivery of new vessels is beginning to take its toll. The BDI continued its decline, finishing las ...
Tuesday, 11 January 11
DRY BULK MARKET REACHES NEW LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark index, the Baltic Dry Index (BDI) lost further ground in the beginning of the week, following the trend of the ...
Monday, 10 January 11
MINING INVESTMENT TARGET TOO LOW - TEMPO INTERACTIVE
TEMPO Interactive reported that, the Indonesian Mining Association’s executive director, Priyo Pribadi, believes the government’s invest ...
Monday, 10 January 11
COAL MONGOLIA IS INVITING YOU TO THE INTERNATIONAL COAL SECTOR INVESTORS CONFERENCE
COALspot.com - (Press Release) - The Coal Mongolian Conference will take place at Chinggis Hotel, in Ulaanbaatar on 24-25, Feb 2011. The coal bonanz ...
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- The University of Queensland
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- VISA Power Limited - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
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