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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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Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...
Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...
Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...
Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...
Wednesday, 05 January 11
HIGHER COAL PRICES LIFT UP COAL STOCKS
Thermal coal price this month has gone up 5.63% to US$127.70 per ton today from mid last month at US$120.89 per ton.
Thermal coal price for next ...
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- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
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