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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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Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd.
In the ...
Friday, 29 May 09
INDIKA EYES MORE ACQUISITIONS - THE JAKARTA POST
Having nearly completed the acquisition of engineering and mining company PT Petrosea, energy company PT Indika Energy is preparing for more acquisi ...
Friday, 29 May 09
PTBA PAYS DIVIDENDS OF RP 371.5 A SHARE - THE JAKARTA POST
The annual shareholders' meeting of state-controlled coal producer PT Tambang Batubara Bukit Asam (PTBA) approved on Thursday the allocation of 50 ...
Thursday, 28 May 09
INDIANS CHOOSE SOUTH AFRICA COAL OVER INDONESIAN - MINEWEB (REUTERS)
South African cargoes are about $4 a tonne cheaper than Indonesian coal, as a result India now prefers South Africa .
Indian imports of South Afr ...
Wednesday, 27 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE 3.6% - BLOOMBERG
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 3.6 percent last week while the num ...
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- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
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