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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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Wednesday, 26 January 11
DRY BULK MARKET TAKES YET ANOTHER NOSEDIVE, CAPESIZES LOOK RATHER UNATTRACTIVE AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The downturn of the dry bulk market sees no boundariers, disproving even those who thought that at least for the capesize market, the worst had pass ...
Tuesday, 25 January 11
DRY BULK RATES CONTINUED TO TUMBLE LAST WEEK - BRS
With weather-related problems affecting the short-term outlook, and new building deliveries the longer-term picture, dry bulk rates continued to tum ...
Tuesday, 25 January 11
R-POWER TO INVEST $5BN IN INDONESIA - THE TIMES OF INDIA
The Times of India reported that, In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billio ...
Monday, 24 January 11
DRY BULK MARKETS DOWNTURN SEES NO RELIEF - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept falling for yet another week, with the industry’s benchmark, the Baltic Dry Index (BDI) losing an additional 4.79 ...
Sunday, 23 January 11
THE AVERAGE CHARTER RATE FOR CAPE SIZE VESSELS WAS AT $ 8,859 PD ALMOST CLOSE TO 2008 LOWS - VISTAAR
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1,370 points. “ In May 2010 the BDI touched ...
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- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- The University of Queensland
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
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