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Monday, 24 January 11
GOVT PROMISES COAL FOR PLN DESPITE PRICE SPIKES - THE JAKARTA POST
 The Jakarta Post reported that, the government says state electricity company PT PLN will receive enough coal to fire its power plants, despite price fluctuations in the international market.
The director general of mineral and coal at the Energy and Mineral Resources Ministry, Bambang Setiawan, said last week that PLN’s suppliers had agreed to continue to supply it coal, pending ongoing price negotiations.
“We’re still negotiating with coal producers to reach an agreement on price. No deal has been made to date. But they’re committed to ensuring supplies for PLN,” he told reporters at his office in Jakarta.
In a meeting at the House of Representatives on Wednesday, Bambang said that suppliers had insisted on request rates above the coal reference prices set by the government due to soaring international market prices.
PLN primary energy director Nur Pamudji previously slammed the coal suppliers that had asked the firm to pay international market prices, saying it was unethical for domestic suppliers to benefit from the floods in Queensland, Australia, that have disturbed world coal distribution.
“The flood is in the neighboring country. Coal suppliers shouldn’t ask for higher prices because we’re not affected by the disaster,” he said.
Nur Pamudji said suppliers should set domestic prices using the 2010 ministerial decree that provides for a monthly coal reference price based on the average reference price from the previous three months.
According to the ministry, the official coal reference price in January was US$112 per ton, up 8.6 percent from $103 in December — but far lower than the current spot price in the international market. Analysts predict that global coal prices will hover between $120 and $130 in 2011.
Nur Pamudji said if suppliers held to international market prices the government would have to increase PLN’s subsidy from Rp 4 trillion and Rp 7 trillion. The 2011 state budget currently allocates Rp 40.7 trillion for PLN.
The director of the Indonesia Coal Society, Singgih Widagdo, who also works for the fifth-largest coal producer in Indonesia, PT Berau Coal, said that coal suppliers were committed to ensuring supplies for domestic customers, including PLN.
Singgih said coal suppliers were bound by a domestic market obligation (DMO).
“It’s our responsibility and obligation to sell 30 percent of our total production to the domestic market. We always prioritize our domestic customers,” he said.
On negotiations, Singgih said deals would be made in the first quarter of 2011. If the problem lingered it might hinder the growth of the nation’s electricity network, he added.
Berau Coal planned to supply around 5 million tons of coal to power plants in Paiton, East Java; Suralaya, Banten Province and Cilacap, Central Java, in 2011, Singgih said.
Source: The Jakarta Post
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Thursday, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...
Thursday, 24 February 11
SUPRAS ARE FIXED AT CLOSE TO 10K FOR TRIPS VIA INDONESIA TO INDIA WITH COAL - FEARNBULK
Handy
After a short lived surge in rates the Atlantic market has flattened out due to too many spot vessels. The USGulf has cooled down somewhat f ...
Wednesday, 23 February 11
LIMITED AVAILABILITY OF COAL COULD TRIP MEGA POWER PLANT - THE ECONOMIC TIMES
The Economic Times, an Indian leading news paper reported that, an acute shortage of domestic coal is threatening to destabilize new power generatio ...
Wednesday, 23 February 11
DRY BULK MARKET BACK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The two week rise of dry bulk freight rates seems to have come to a halt this week, with the industry’s benchmark, the Baltic Dry Index (BDI) lo ...
Wednesday, 23 February 11
INDONESIA NEEDS TO REVISE EXPORT BAN ON 5600 GAD COAL EXPORT - INDUSTRY
COALspot.com - The Indonesian government may be forced to revise its 2014 timeline for the proposed ban on all low quality coal exports, Patrick Han ...
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- Siam City Cement - Thailand
- PTC India Limited - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
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