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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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Tuesday, 04 January 11
DRY BULK MARKET TO RANGE BETWEEN 1,700 AND 2,600 POINTS IN THE FIRST QUARTER OF 2011, ANALYSTS SAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As we entered 2011, ship owners and analysts, as well as shipbrokers are looking into their “crystal balls” to try to decode the dry bul ...
Monday, 03 January 11
TAXATION FOR COAL MINING COMPANIES IN INDONESIA - A TAX EXPERTS VIEW
COALspot.com - Mrs. Sri Wahyuni Sujono, managing partner of SF Consulting has wrote an exclusive report regarding taxation for coal mining companies ...
Sunday, 02 January 11
JAISWAL TO SEEK COAL MINES IN AFRICA - HINDUSTAN TIMES
Coal Minister Sriprakash Jaiswal will talk with his counterparts in South Africa and Mozambique during his visit from January 5 to secure coal asset ...
Saturday, 01 January 11
COAL PRODUCTION EXPECTED TO EXCEED 340 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce 340 million tons of coal in 2011, an increase of 23 percent from 275 millio ...
Friday, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
COALspot.com - World's single largest coal import tender floated by STC on behalf of state utility NTPC to finalize its suppliers or already finali ...
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- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Aditya Birla Group - India
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
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