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Friday, 29 May 09
INDONESIA PLANS "CLEARING HOUSE" FOR COAL - ALIBABA
 Alibaba reported that, Indonesia, the world's biggest thermal coal exporter, plans to set up an agency similar to a clearing house to trade stocks of coal that firms are obliged to set aside for domestic use, the energy minister said on Friday.
The agency is intended to help secure sufficient supplies for local users and strengthen existing regulations.
All coal producers in Indonesia are required to supply coal to the domestic market under their contract of works, but some avoid having to do so because the quality of coal they produce is unsuitable for the local market. So they sell that coal, which is usually of a high calorific value, to overseas buyers instead.
The new trading agency would collect coal from all producers and help to sell any coal that is unsuitable for domestic use, Minister Purnomo Yusgiantoro said in an interview.
"Some coal quality may not fit...specifications of domestic users and you have to blend the coal to meet the specification," Yusgiantoro said.
"So what can you do? Send it to the agency and then it is up to them to sell it," he said, adding the agency could be set up as a state-owned enterprise.
The government is in the process of drafting new government regulations on domestic supply obligations.
The energy ministry has said that the government would fix the minimum amount of coal that producers must supply to the domestic market every year based on estimated demand from the state power firm and local coal users such as cement firms.
Indonesia is expected to consume 68.3 million tonnes of coal in 2009, or about 30 percent of output, up from 46 million tonnes last year.
The requirement will apply to all coal producers, both producers that hold contracts of work -- including Bumi Resources Tbk and Adaro Energy, the country's two biggest producers -- as well as small producers that have a different mining licence.
Yusgiantoro said that companies would not be forced to adjust long-term coal contracts under a new pricing policy.
"They have signed the contract. If they agree (to change it), it's fine with us. But if not, we cannot ask them to change it," he said. "We have to respect the contract. I think with this system we can have more revenue."
Jakarta has said it planned to introduce a new benchmark index to reset prices and squeeze more from royalties linked to coal sales as it wants to include coal revenue in the state budget along with oil and gas.
But the plan has raised concern among producers who have signed long-term contracts with buyers.
In December last year, Adaro declared force majeure on coal deliveries to three customers after failing to reach a new price agreement stipulated under government rules.
The new price index will combine the Indonesian Coal-price Index (ICI) managed in partnership with London-based Argus Media Ltd, international coal price indexes, and average prices in spot trade in previous months.
Prices for long-term contracts would be based on the average price of the index over three months and adjusted annually, said Bambang Setiawan, director general of mineral, coal and geothermal at the ministry, in a separate interview on Friday.
"So producers can have long-term trade, say for five years. But the prices would still have to be adjusted every year," Setiawan said.
Indonesia expects coal production to reach 230 million tonnes this year, unchanged from last year. Australian thermal coal prices, a benchmark for Asia, have fallen from a record of $201 a tonne in July last year to $66.62 a tonne late on Thursday.
Source:http://news.alibaba.com/article/detail/energy/100110567-1-interview-update-1-indonesia-plans-%2522clearing-house%2522.html
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Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply ga ...
Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry th ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
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- Ministry of Mines - Canada
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
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- Aditya Birla Group - India
- The Treasury - Australian Government
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- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
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- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
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- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
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- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
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- The University of Queensland
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
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- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
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- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
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- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
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